It's May on the Emerald Coast and the water is warmer and the sun is shining brighter. We have gathered all the latest news to keep you up to date as we head into the summer months! 


The Ultimate Guide to Camping Along Scenic Highway 30A

https://30a.com/best-campgrounds/

 

30A’s New (and Coming Soon) Restaurants and Bars

https://30a.com/new-restaurants-bars-2022/

 

Anglers Catch 'Monster' 832-Pound Bluefin Tuna off the Coast of Destin

https://original.newsbreak.com/@polarbear-1588488/2581051420747-anglers-catch-monster-832-pound-bluefin-tuna-could-break-florida-state-record

 

Tequila & Taco Fest At The Village of Baytowne Wharf May 6-8

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If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand.

In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In those situations, buyers are willing to pay more to get the product or service they’re looking for when options are scarce. And that’s exactly what’s happening in the current real estate market.

Selma Hepp, Executive, Research & Insights and Deputy Chief Economist at CoreLogic, puts it like this:

“With so few homes, buyers are once again left with fierce competition that’s driving the share of homes that sold over the listing…

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There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American:

“You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably be wrong.”

Coming into this year, most experts projected mortgage rates would gradually increase and end 2022 in the high three-percent range. It’s only April, and rates have already blown past those numbers. Freddie Mac announced last week that the 30-year fixed-rate mortgage is already at 4.72%.

Danielle Hale, Chief Economist at realtor.com, tweeted on March 31:

“Continuing on the…

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Premier Property Group has made a big splash in Panama City Beach! We are so excited to announce that our agents have already made over $40 million in sales at our newest development, Margaritaville Beach Cottage Resort Panama City Beach!

To learn about our grand opening event and everything Margaritaville Beach Cottage Resort has to offer, read more at the story here!

If you are interested in learning more about how you can own at Panama City Beach's newest luxury resort, visit us at https://margaritavillebeachcottageresortpcb.com/! 

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Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in a sellers’ market really mean?

What Is a Sellers’ Market?

The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still very low. There’s a 2-month supply of homes at the current sales pace.

Historically, a 6-month supply is necessary for a normal or neutral market where there are enough homes available for active buyers. That puts today deep in sellers’ market territory…

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