It's the last full month of Summer, but the Emerald Coast is far from slowing down! Make sure to stay up to date by reading our collection of top local news. 

 

70+ Manatees Spotted in LaGrange Bayou Near 331 Bridge

https://30a.com/70-manatees-spotted-lagrange-bayou/


Best Farmers Markets Near Florida’s Scenic Highway 30A

https://30a.com/farmers-markets/

 

Eric Church & Turnpike Troubadours To Headline Moon Crush “Harvest Moon” In Miramar Beach, Florida

https://themusicuniverse.com/eric-church-headlining-moon-crush-harvest-moon-2022/


Top 20 Most Instagrammable Places Along Florida’s Scenic Highway 30A

https://30a.com/most-instagrammed-places/

 

Alys Beach Invites Artisans To Participate in Their New Event,…

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It's the last full month of Summer, but the Emerald Coast is far from slowing down! Make sure to stay up to date by reading our collection of top local news. 

 

Destin chef selected for Great American Seafood Cook-Off

https://www.wkrg.com/northwest-florida/okaloosa-county/destin-chef-selected-for-great-american-seafood-cook-off/

 

Visit Camp Helen State Park for low cost family fun

https://www.newsbreak.com/news/2682934966761/visit-camp-helen-state-park-for-low-cost-family-fun

 

Summer at Destin Commons: 3 sand castles brought to life for shoppers to enjoy

https://www.thedestinlog.com/story/business/2022/07/13/summer-destin-commons-3-sandcastles-built-shoppers-enjoy/7825354001/

 

70+ Manatees Spotted in LaGrange…

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The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of the year holds for residential real estate.

Where Mortgage Rates Will Go Depends on Inflation

While one of the big questions on all buyers’ minds is where will mortgage rates go in the months ahead, no one has a crystal ball to know exactly what’ll happen in the future. What housing market experts know for sure is that the record-low mortgage rates during the pandemic were an outlier, not the norm.

This year, rates have climbed over 2% due to…

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With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information.

Here’s why economists and industry experts say the housing market is not a bubble ready to pop.

Today Is Nothing Like 2008

The 2008 housing crash is still fresh in the minds of many homebuyers and sellers. But today’s market is different. Odeta Kushi, Deputy Chief Economist at First American, says:

“This is not the same market of 2008. . . . It’s no secret the housing market played a central role in the Great Recession, but this market is just fundamentally different in so many…

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There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has been growing over the past four months as rising mortgage rates help slow the frenzy the housing market saw during the pandemic.

Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains why the shifting market creates a window of opportunity for you:

“This is an opportunity for people with a secure job to jump into the market, when other people are a little hesitant because of a possible recession. . . They’ll have fewer buyers to compete with.”

Two Reasons There Are More Homes for Sale

The first…

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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. 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 two years. It says:

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You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one hundred housing market experts and real estate economists if they believe the housing market is in a bubble. The results indicate most experts don’t think that’s the case (see graph below):

As the graph shows, a strong majority (60%) said the real estate market is not currently in a bubble. In the same survey, experts give the following reasons why this isn’t like 2008:

  • The recent growth in home prices is because of demographics and low inventory
  • Credit risks are low because underwriting and lending…

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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.

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.

Opportunity #1: Take Advantage of More Options…

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July is the month for cookouts, fireworks, time with family and friends, and lots and lots of beach time! As you continue to enjoy your summer, make sure to stay up to date on everything going on in the Destin and Emerald Coast area! 

Destin Plans 4th of July Firework Show

https://www.thedestinlog.com/story/entertainment/holiday/2022/06/25/july-fourth-fireworks-show-destin-city-plans-independence-day-event/7698847001/

 

Navarre Beach named "Best for an under-the-radar gem" in Reader's Digest

https://navarrepress.com/navarre-beach-named-best-for-an-under-the-radar-gem-in-readers-digest/

 

2022 Pensacola Beach Air Show hosted on July 6-9

https://navarrepress.com/2022-pensacola-beach-air-show-full-schedule-announced/

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July is the month for cookouts, fireworks, time with family and friends, and lots and lots of beach time! As you continue to enjoy your summer, make sure to stay up to date on everything going on in the 30A and Emerald Coast area! 

SoWal July 4th Parades, Celebrations & Fireworks

https://sowal.com/story/sowal-july-4th-parades-celebrations-fireworks

 

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

https://30a.com/30as-new-and-coming-soon-restaurants-and-bars/

 

New sculptures added to Underwater Museum of Art in Grayton Beach

https://www.thedestinlog.com/story/entertainment/arts/2022/06/30/cultural-arts-alliance-artificial-reef-association-collaborate-underwater-museum-expansion/7760481001/

 

6 Things to know about…

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