Santa Rosa County, FL Real Estate News

By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
wera Rodsawang/Getty Images By Lew Sichelman Lawmakers in Washington and locally as well have earmarked billions of dollars for down payment assistance for first-time homebuyers as part of the Build Back Better legislative package championed by President Biden. But rookie buyers don’t have to wait for Congress to act – if it ever does. The Fla. Housing Finance Corp. saw its volume jump in 2021; activity was so brisk that it stayed open 24/7 and increased its housing assistance amounts. SARASOTA, Fla. –Plenty of financial aid is available to help buyers who are short on cash for a down payment and closing costs. Indeed, while a good chunk of the economy shut down during the pandemic, the state entities that administer assistance programs have been chugging right along. “All state housin...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. Is the Housing Market Correcting? 2.6KSHARES 2.2K 113 14 244   The housing market is moderating compared to the last two years, but what everyone needs to remember is that the past two years were record-breaking in nearly every way. Record-low mortgage rates and millennials reaching peak homebuying years led to an influx of buyer demand. At the same time, there weren’t enough homes available to purchase thanks to many years of underbuilding and sellers who held off on listing their homes due to the health crisis. This combination led to record-high demand an...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  If you’re considering homeownership, know that it can give you privacy, comfort, and a place to express yourself. It can also provide financial stability and help you grow your net worth.   The Top Reasons To Own Your Home [INFOGRAPHIC] 1.5KSHARES 1.3K 90 16 160 Some Highlights June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. If you’re considering homeownership, know that it can give you privacy, comfort, and a place to express yourself. It can also provide financial stability and help you grow your net worth. Are you ready to experience all the great benefits that come from purchasing a home? Contact a local real estate professional to begin the process today. Bottom Line "There Is A Realtor For That" If you’re ready to bu...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
As people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into this category. Luxury Homes Are in High Demand 1.2KSHARES 1.0K 70 15 129  In a recent article, they point out that a luxury home isn’t only defined by its price. Location is also an important factor. It could be a condo at a desirable city address, a spacious home on the water, or one with access to luxury activities like arts and entertainment, high-end shopping and dining, and more. The home itself will also boast some of the finest features available. According to the Luxury Market Report from the Institute for Luxury Home Marketing, there’s been a substantial increase in how many buyers are purchasing luxury homes over the past t...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know. The number of homes coming onto the market is increasing and that could make it easier for you to move up this summer. Why the Growing Number of Homes for Sale Is Good for Your Move Up 1.4KSHARES 1.2K 68 13 138   According to the latest data from realtor.com, the number of homes being listed for sale, known as new listings, has increased consistently this year (see graph below): While this news has clear benefits for buyers who are craving more options for their home search, what does that mean for current homeowners like you? It gives you two distinct opportunities in today’s housing market. Op...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  The Fed’s 0.5% increase in a key interest rate this week is an aggressive move to slow inflation. But borrowing money to buy or fix up ahome will cost more. Why Home Buyers Face Higher Mortgage Rates By Holden Lewis MENLO PARK, Calif. – The Federal Reserve yanked a short-term interest rate higher this week, making it more expensive to borrow money to buy a home or fix it up. All in the name of slowing inflation. The central bank raised the federal funds rate Wednesday by 0.5%, or half a percentage point. The Fed hadn’t raised the federal funds rate by half a percentage point in one meeting since 2000. The 0.5% increase is considered a “hawkish,” or aggressively anti-inflationary, move. Prominent Fed officials had been hinting for weeks that they would deliver a larger-than-usual rate...
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By John Moran, For Your Place At The Beach
(Keller Williams Realty's At The Beach Team)
#115 Sold This Year So Far!90 x 185  Lot Dimensions  For more details surrounding the sale of this home please contact the following: Courtney Ledezma, Realtor/Listing Specialist  Keller Williams Realty Emerald Coast36008 Emerald Coast Parkway, Suite 201Destin, FL 32541Destin - South Walton County - Panama City BeachE-Mail: CourtneyLedezma@AtTheBeachTeam.comWebsite: www.AtTheBeachTeam.comCourtney LedezmaOffice: 850-654-3325Mobile: 850-608-0677Fax: 800-654-2959
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
It happens these days more than you think. I have put two of these together just this year and four last year. It is complicated but it's not you just have to be honest, and know your limitations are the gist of it. You can also have a home built so everyone has their space. Let's get started call to text me at 850-476-4494 The Best Way to Buy a House with Friends?By Gary M. SingerRE Q&A: Like going into business together, buying a house together works best with a written agreement so all understand risks, rights and responsibilities. FORT LAUDERDALE, Fla. – Question: A few friends and I went in on a house together. I made the initial down payment, and we split the mortgage payment each month. The plan is for them to save their share of the down payment over 10 years and pay me that amo...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Houzz: Renovation activity and spending hit their highest rate since 2018. Homeowners report a 20% increase in the median renovation to spend, reaching $18K. The Home Renovation Boom Continues PALO ALTO, Calif. – Home renovation activity and spending reached its highest rate since 2018, according to the Houzz & Home survey, conducted by the home remodeling site Houzz and reflecting the opinions of nearly 70,000 respondents. Homeowners are reporting a 20% increase in the median renovation to spend, reaching $18,000. Houzz researchers note a big part of that growth is from homeowners with higher budget projects who increased their budgets from $85,000 in 2020 to $100,000 in 2021. The remodeling surge doesn’t appear to be letting up either. More than half of homeowners surveyed say they p...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
More Homes coming to the market. Folks, you can see it as a slow down or as my fence-sitting buyers are learning "the best is yet to come. With buyers running for the hills MY BUYERS are snapping up the deals.  Higher Mortgage Rates Set Stage for Sales Slowdown By Alex Veiga This week’s 30-year mortgage rate averaged 5.11%. Owners with locked-in lower rates have less financial incentive to sell; would-be buyers face higher loan costs. LOS ANGELES (AP) – Low mortgage rates have helped juice the housing market over the past decade, easing the way for borrowers to finance ever-higher home prices. A run-up in rates in recent weeks is threatening to undo that dynamic, setting the stage for a slowdown in home sales this year as the increased borrowing costs reduce would-be buyers’ purchasing ...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
There isn't a one size fits all home loan that pays or shall I say saves you a lot of money by having a realtor that knows not only real estate, and appraisals but mortgages as well. Now Listen it is just who We "R" a company you will trust and refer friends and family to Call or Text Charles at 850-476-4494. God Bless  1.4KSHARES 1.2K 74 4 141 Why Home Loans Today Aren’t What They Were in the Past In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns. Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit Availability Index (MCAI). According to their website: “The MCAI provides the only standar...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. But Buyers need not fret as we still have the lowest rates since wow A LONG TIME so you can still get a higher-priced house with payments less than they were on your lower-priced house years ago and not to mention lower than rent and YOU OWN IT.  921SHARES 755 53 1 112   According to data from CoreLogic, home price appreciation has been re-accelerating since November. The graph below shows this increase in home price appreciation in green: This is largely due to an ongoing imbalance in s...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Housing Market Update brought to you by  Charles Stallions One of the top challenges in today’s housing market is that the inventory of homes for sale is so incredibly low. But there is good news. Recent data shows more sellers are listing their houses this season. But is that growth going to continue? In this week's Deep Dive, we cover the latest insights and experts are projecting about housing inventory for the spring and summer. Bottom Line "There Is A Realtor For That" If you’re ready to buy or sell a home Charles Stallions with over 27 years of experience will give you expert advice on your specific situation. Buying Or Selling while living on the Gulf Coast Sign up for our Monthly NewsletterWe are Ambassadors for all things Pensacola, Pace, or Gulf Breeze, Florida whether a firs...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  As any military family can attest, a Permanent Change of Station (PCS) move comes with some tough decisions. If you happen to be a military family that has a mortgage with your name on it, this type of transition can come with a lot of anxiety. To sell or not to sell, that is the question! Holding onto your property may seem like a great choice until you realize this requires you to become a landlord. If you’ve made the decision to rent your home, there are many things to consider and it’s worth doing your research and due diligence in order to avoid the common pitfalls that plague landlords. Taking the time to research your tenants and secure a legally binding lease agreement is paramount to your success. There will always be an element of chance when you choose to rent out your hom...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  Once only used as a tool to market high-end vacant homes, home staging now has a proven track record for successfully selling all types of properties when combined with competitive pricing. Yet, home sellers are still reluctant to stage their homes even during strong buyers' markets, leaving their houses on the market for needless months at a time. Why do many homeowners forego staging their homes? The answer is this—despite its positive coverage in the media and real estate shows, most sellers don’t really understand what home staging involves or how it benefits them.  Here’s a rundown of staging basics and their effect on how buyers respond to a home.  What Is Home Staging?  Home staging is preparing and showcasing a property for sale. It’s a sophisticated practice that makes a hom...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
An engaged couple bought a home together and one invested more than the other. Now she wants her original money back and half the remaining equity.   Classen Rafael / EyeEm / Getty Images TwitterLinkedInPrintShare RE Q&A: I Want to Sell – My Co-Owner, Ex-Fiancé Doesn’t By Gary M. Singer   FORT LAUDERDALE, Fla. – Question: A few years ago, I bought a house with my fiancé, who is now my ex-fiancé. He took a loan, and I used my savings to pay the rest. I also paid to furnish the property and make repairs. We split the rest of the bills. Now I want to either sell the house or have my ex buy me out. He is not interested in doing anything. Do I have a way to get back what I put into the house and split the remaining money? – Christine Answer: You should be able to get some of it back and for...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
WASHINGTON – U.S. homeowners embark on a wide variety of renovations and remodeling projects over the past year, according to new findings in the 2022 Remodeling Impact Report, a joint study from the National Association of Realtors® (NAR) and the National Association of the Remodeling Industry.     Tim Kitchen / 7, NT By Kerry Smith   NAR joined the Remodeling Industry and found a perfect “Joy Score” by owners after painting, adding a home office, installing hardwood or renovating closets. The report analyzes a number of home improvement aspects, including why people decide to remodel, the general costs of specific remodeling tasks, and the fulfillment experienced after completing a successful project. “Our study revealed that homeowners tend to undertake a remodeling project for any ...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans.   Today, buyers are reacting in one of two ways: they’re either making the decision to buy now before rates climb higher or they’re waiting it out in hopes rates will fall. Let’s look at some context that can help you understand why so many buyers are jumping off the fence and into action rather than waiting to buy. A Look Back: How the Current Mortgage Rate Compares to Historical Data One factor that could help you make your decision to buy now is how today’s mortgage rates compare to historical data. While ...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
    While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis. When the forbearance program began, many experts were concerned it would result in a wave of foreclosures coming to the market, as there was after the housing crash in 2008. Here’s a look at why the number of foreclosures we’re seeing today is nothing like the last time. 1. There Are Fewer Homeowners in Trouble Today’s data shows that most homeowners are exiting their forbearance plan either fully caught up on payments or with a plan from the bank that restructured their loan in ...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Bill and Linda got a call from his company's headquarters at the height of the pandemic and were told that the job he had long wanted had become available but he had to move thousands of miles and his answer was required in less than 24 hours. THE DILEMMA: sell a home, pack, move, buy a home without really knowing the area and they did not need to own two homes. The Solution: Their agent referred them to a well-known friend and fellow agent in Pensacola that he had known when he lived in Pensacola. He contacted Charles Stallions who called and talked to Bill and Linda making them feel so relaxed they accepted the job and made the move. When Bill and Linda landed in Pensacola, Charles met them at the airport while having a rental car waiting for Bill to drive to his new job Charles showe...
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