Latitude Margaritaville Watersound partners, Minto Communities USA (“Minto”), Margaritaville Holdings, and The St. Joe Company (NYSE: JOE) (“St. Joe”), announce that the  13 island-styled model homes will open for by-appointment preview tours April 3-24. 

Due to the unprecedented interest in Latitude Margaritaville communities, and current need to avoid large crowds and maintain social distancing, advance appointments to tour Latitude Margaritaville Watersound are required. Those scheduling in-person tours or phone appointments from April 3-24 will have the opportunity to complete a reservation agreement to enter a virtual, live-streamed drawing on May 1 for the first sales release of homes. At that time, all reservation agreements from the April…

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New Pedestrian Underpass Coming to East End of Scenic 30A

AERIAL OF INLET BEACH

The Cultural Arts Alliance of Walton County (CAA), Scenic Walton, Visit South Walton, the Walton County Board of County Commissioners, and the Florida Department of Transportation hosted the official groundbreaking of the U.S. Hwy. 98 pedestrian underpass at Inlet Beach on Friday, March 26, at 3:00 pm 

This $5.6 million project will be the first pedestrian and cyclist underpass to be constructed in the county and will be located at the corners of U.S. Highways 98 and Scenic 30A.

Once the underpass is complete, it will provide safe passage for pedestrians and cyclists underneath US Highway 98 through a lighted tunnel. Scenic Walton is partnering with the Cultural Arts Alliance to create…

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Buyer & Seller Perks in Today’s Housing Market

Buyer & Seller Perks in Today’s Housing Market | MyKCM

Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to keep on the radar this season.

The Biggest Perk for Buyers: Low Mortgage Rates

 Today’s most compelling buyer incentive is low mortgage interest rates. The 30-year fixed-rate is now averaging just over 3%. While that’s slightly higher than the record-lows from 2020 and earlier this year, it’s still way lower than historic norms, making purchasing a home an ongoing perk for…

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What It Means To Be in a Sellers’ Market

What It Means To Be in a Sellers’ Market | MyKCM

If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase.

The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply at the current sales pace.

Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for active buyers (See graph below):

When the supply of houses…

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Destin’s The Ships Chandler broke ground on their second marine and service center, located at 17309 US Hwy 331 in Freeport, on Thursday, February 18. 

According to a press release, the new building will create 10 full-time jobs in Walton County. With over 14 acres of space, the company’s new marine and service center will be ready to supply the area with fishing and pontoon boats, outboard motors, and more.

“Freeport has always been a wonderful city filled with good hard-working people,” said owner, Peter Wright Jr. “We’re excited to become a part of the community and help it grow with the help of all the surrounding communities in Walton County.”  

The new location will offer state-of-the-art service including a new boat dealership…

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The Destin–Fort Walton Beach Airport is getting a new airline. The airport on Thursday announced Southwest is adding flights in the region.

The following is a news release from the Okaloosa County Board of County Commissioners.

Destin – Fort Walton Beach, Fla. – On February 25, 2021, at 10:00 am the Destin–Fort Walton Beach Airport (VPS) held a Press Conference to unveil the announcement of the new air service carrier Southwest Airlines to the lineup. The flexibility and value of Southwest Airlines now benefit both visitors and hometown travelers booking late spring and summer travel to Destin–Fort Walton Beach Airport (VPS). Southwest service begins May 2021. The carrier’s initial flight schedule for the region is now available for purchase…

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Where Have All the Houses Gone? | MyKCM

 

In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage rates and purchase a home, housing inventory dropped even further. Experts consider this to be the biggest challenge facing an otherwise hot market while buyers continue to compete for homes. As Danielle Hale, Chief Economist at realtor.com, explains:

“With buyers active in the market and seller participation lagging, homes are selling quickly and the total number available for sale at any point in time continues to drop lower. In January as a…

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Home Prices: What Happened in 2020? What Will Happen This Year? | MyKCM

 

The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year. Dr. Lynn Fisher, Deputy Director of the Federal Housing Finance Agency (FHFA) Division of Research and Statistics, explains:

“House prices nationwide recorded the largest annual and quarterly increase in the history of the FHFA Home Price Index. Low mortgage rates, pent up demand from homebuyers, and a limited housing supply propelled every region of the country to experience faster growth in 2020 compared to a year ago despite the pandemic.”

Here are the year-end home price…

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