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Home : Blogs : Karl Burger - Pensacola Real Estate News : Karl Burger - Pensacola Real Estate News's Blog : Archives August, 2008

Scenic Heights Subdivision Report - 08/06/08 10:29 PM

Original Post on Pensacola Real Estate News
This article provides a Pensacola real estate market report on the Scenic Heights subdivision.
If you are interested in seeing any homes in the Scenic Heights subdivision, or any other homes for sale in Pensacola Florida, please feel free to Contact Me for assistance.
All of the homes pictured on this page were for sale at the time this article was published.
To see all current Pensacola Homes for Sale in Scenic Heights, click on Search for Homes. On the Property Search screen, click on the "More Search Options" button. Then type Scenic Heights into the "Subdivision" category and click the "Search Now" button … (2 comments)

Mobile Alabama Needs Real Estate - 08/06/08 10:24 PM

Original Post on Pensacola Real Estate News
Alabama economic development officials are urging commercial real estate brokers and agents in Mobile and Baldwin counties to locate tracts of land that could be used by suppliers to the ThyssenKrupp steel mill and the Northrop Grumman-EADS aerial tanker assembly complex. Mobile has one of the fastest growing economies in the nation, and real estate will be at a premium as these developments move forward. While recent government actions have put the Air Force contract on hold , Alabama intends to go ahead with plans to attract suppliers to the area. If you are not familiar with the … (0 comments)

Pensacola Real Estate Beach Market Report For The First Half Of 2008 - 08/06/08 10:20 PM

Original Post on Pensacola Real Estate News
Pensacola Market Data For Residential Properties On Pensacola Beach And Perdido Key FloridaJanuary - June 2008

The numbers in the table show the Pensacola real estate sales on the beaches for the first 6 months of 2008.
As of the writing of this report there are 11 Perdido Key Condo sales Pending and 6 Pensacola Beach Condo sales Pending. The total number of homes and condos for sale on the beach has not increased since January, so we are holding steady on inventory in the mid 700s. The table above just gives a snapshot of the … (0 comments)

Pensacola Real Estate News Weekly Market Report for Week Ending July 19, 2008 - 08/06/08 10:17 PM

Original Post on Pensacola Real Estate News

Pensacola Real Estate Market DataWeekly Update For Residential Listings In Escambia and Santa Rosa Counties

Here is another weekly Pensacola real estate market report. This one covers the week of July 13 - 19. There is not much to report this week that is any different from the previous few weeks. Sales are up a little, and I expect they will increase even more as we get closer to the end of the month.
News reports show that foreclosures are still rising, and we are seeing that in the Pensacola real estate market. Short sales are everywhere … (0 comments)

Buy Now Or Pay More Later - Pensacola Real Estate Mortgage Rates Are Rising - 08/02/08 04:35 PM

Original article on Pensacola Real Estate News

The price of food and gas is not the only thing that is rising. Mortgage rates are rising too. If you are looking to buy a new home, I recommend starting the process sooner than later. A down real estate market and low interest rates create the perfect opportunity for getting great deals on real estate. But waiting around for the "right time to buy" will end up costing you money in the long run. Now is the right time. Read on to find out why. Here are just a few quotes from … (1 comments)

Declining Real Estate Market Policy Scrapped by Fannie Mae - 08/02/08 04:31 PM

See original post at Pensacola Real Estate News
The Pensacola Real Estate market was listed as a "declining market" by Fannie Mae. Fortunately, Fannie Mae has decided to scrap the "declining markets" policy. This policy required loan underwriters to boost minimum down-payment requirements by 5 percent in areas where home prices are falling or difficult to determine. Pensacola Florida was considered one of those areas. The policy also applied if an appraiser determined a property was in a declining market.
This is great news for potential home buyers in the Pensacola real estate market. Beginning in June 2008, Fannie Mae will instead require … (0 comments)

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