Digital Graffiti at Alys Beach, the area’s premier immersive art event, will be held as “A Drive-Thru Experience” for 2021, in accordance with the CDC’s guidelines for social safety.

Presented by The Alys Foundation, the event is scheduled to take place May 12-15, 2021, with the May 15 event date is reserved for Alys Beach homeowners and festival sponsors.

Tickets for standard vehicles will be $80.
Vehicles with 8 or more passengers will be $150.
Tickets will not be sold at the door.

Each ticket will be issued with a designated time slot. Time slots will start at 8PM, will be limited to 20 cars per time slot, and will be blocked in 20-minute intervals. Tickets must be pre-purchased and will not be sold onsite. Ticket time slots and limited…

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Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple explanation as to why existing home sales have slowed – there aren’t enough homes to buy. There are currently 410,000 fewer single-family homes available for sale than there were at this time last year.

Lawrence Yun, Chief Economist at NAR, explains in the report:

"The sales for March would have been measurably higher, had there been more inventory. Days-on-market are swift, multiple offers are prevalent, and buyer…

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Is Home Price Appreciation Accelerating Again? | MyKCM

At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Association of Realtors (NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year.

This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, the National Association of Realtors, and Zelman…

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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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