Panama City Beach, FL Real Estate News

By Jennifer Bowman
(Berkshire Hathaway Home Services Beach Properties of Florida)
Florida Resort Expects Growth With New AirportPanama City, Fla., is getting ready for what it hopes will be an influx of tourists and residents once its new airport is complete.The traditionally blue-collar resort expects construction to begin in late spring on a $330 million international airport to replace the current one, which was originally built in the 1940s. The new airport will be able to accommodate more and larger jets, bringing a better-heeled class of visitor. Currently 83 percent of the city's four million tourists arrive by car. Housing prices are still low compared with Florida's other coastal resorts. The area prices have been affected by both the general slowdown in sales and the rising inventories created by a rush to build in advance of the new airport.There are 2,000...
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By Donna Hendricks, Broker
(Harvest Realty)
Well,It is another great day in the Florida Panhandle area.  It was about 72 out today.  It was wonderful, sunny & just a little nippy in the a.m.  A friend just moved here from Provo, Utah & the weather there is VERY chilly this time of year.  My friend now calls his friends in Provo to give them the 'skinny' on how chilly it  is not here.  I think he is rather glad he moved here where the weather is much milder & the season are not so bone chilling as it can be in the northern USA.
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By Justin Ulm
(Re/Max Southern)
Hello Everyone, I was just doing a bit of research on the net and if you think now is not the time in NW FL, you are part of a large group who has been ultimately mis-informed.  Our market did grow rapidly over the last 5 years, and things look as though they have plateaued out, but there is still hope for the future.  Check this article out from CNN.com in regards to the top 5 places to buy real estate now....       72%Projected gain in home prices (5-year)*Median home price2006: $223,0002011: $383,000Population2006: 166,0002011: 187,000Per capita income2006: $31,0002011: $40,200Don't believe me, check the link below, and after doing so, give me a call so that I can let you know which deals are truly "STEALS."  850.699.0559http://money.cnn.com/popups/2006/biz2/newrules_bestinvest/
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