Escambia County, FL Real Estate News

By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Fla.’s ‘Freedom Week’ Tax Holiday Starts FridayBy Jim TurnerRecreational things like tents, sunglasses and concerts are sales-tax free July 1 through July 7, with longer sales-tax breaks for some home appliances and windows. TALLAHASSEE, Fla. – Floridians facing economic pressure from inflation get a second crack to save on “freedom” starting Friday. Wrapped around the Fourth of July for the second consecutive year, a sales-tax “holiday” dubbed “Freedom Week” will provide tax breaks on a wide range of recreational activities and outdoor gear. In addition to freedom week, other tax breaks will take effect Friday. For the next year, sales taxes will be lifted on children’s diapers and Energy Star washing machines, clothes dryers, water heaters and refrigerators. Also starting Friday, a t...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
 Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind. While it’s exciting to start thinking about moving in and decorating, be careful when it comes to making any big purchases. Here are a few things you may not realize you need to avoid after applying for your home loan. Things To Avoid After Applying for a Home Loan   1.7KSHARES 1.4K 106 17 178   Don’t Deposit Large Sums of Cash Lenders need to source your money, and cash isn’t easily traceable. Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer. Don’t Make Any Large Purchases It’s not just home-related purchases that could disqualify you from your loan. Any large purchases can be red flags for lenders. People wi...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
 Bottom LineWhile the number of homes available for sale is growing and giving you more options for your move, inventory is still low overall. That could mean it’s a great time for you to sell. If you’re ready to address your changing needs and take advantage of today’s favorable conditions, contact a local real estate advisor.A Majority of Consumers Say It’s a Good Time To Sell Your House 1.6KSHARES 1.4K 98 23 151 If you’re a homeowner thinking about selling your house, you’re probably looking for the best time to make your move. That means you’re likely balancing a number of factors, like your changing needs, where you’ll go when you sell, and today’s mortgage rates in order to time it just right. According to recent data, that sweet spot could already be here. The latest Home Purchas...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
How To Discuss Renters Insurance With Residents  Renters' insurance offers important protection for residents and property managers alike. For a small monthly fee, residents can financially protect themselves from property loss due to a range of issues: natural disasters, break-ins, property damage, etc. We suspect that you, the property manager, already know this and may require renters insurance at your properties. But some residents may be hesitant to pay that little extra monthly fee. They might wonder: Is renters insurance worth the cost? What does it take to get set up? How can I trust the insurance I’m being offered? We’re here to help you answer these questions from renters. “Is renters insurance worth the cost?” This is probably the most important question to be able to answer ...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Americans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans selected it than ever before. 2.3KSHARES 2.0K 92 14 184 More Americans Choose Real Estate as the Best Investment Than Ever Before   The graph below shows the results of the survey since Gallup began asking the question in 2011. As the trend lines indicate, real estate has been gaining ground as the clear favorite for almost a decade now: If you’re thinking about purchasing a home, let this poll reassure you. Even when inflation is high like today, Americans recognize owning a home is a powerful financial decision. How an Investment in Real Estate Can Benefit Yo...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
How Higher Fed Rates May Affect Finances By Christopher Rugaber Record-low mortgages below 3% are gone; credit card rates will likely rise along with the cost of an auto loan. Savings accounts might earn a little more. WASHINGTON (AP) – Record-low mortgages below 3% are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally receive a yield high enough to top inflation. The substantial half-point hike in its benchmark short-term rate that the Federal Reserve announced Wednesday won’t, by itself, have much immediate effect on most Americans’ finances. But additional large hikes are expected to be announced at the Fed's next two meetings, in June and July, and economists and investors foresee the fastest pace of rate increases since 1989. The r...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
With our triple pricing appraiser pricing your home correctly has gotten so much easier call or text me at 850-476-4494 and let's take 5 minutes to explain. Why You Need an Expert To Determine the Right Price for Your House 2.5KSHARES 2.3K 90 24 182 If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be your moment to get the contract you’re looking for on your house if you’re ready to sell. And here’s the thing – you need an expert on your side to ensure you make all the right moves when you do, especially when it comes to pricing your house. Even in this competitive market, you can’t stick just any price tag on your ho...
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By Trish Sarfert, Serving military & civilian relocations!
(Gulf Coast Home Experts)
May 2022Housing Market UpdateNW Florida / Pensacola MLS Region  The monthly housing market update for May 2022 is now available for the Pensacola MLS Region Average sale prices decreased slightly from previous month while median sale price increased. Median sales price was $317,500 - up from from $310,950 in April 2022 and up from $268,020 one year ago. Monthly average sales prices were $378,916 at month end, down from $380,336 in April 2022 (a .29% month to month decrease) and up from $333,030 one year ago (a 13.78% year to year increase).   Inventory still extremely low Drastic reduction in inventory this month - such a sharp decrease I actually called to verify it was correct Only 495 homes listed at May month end Down from 923 in April 2022 Down from 864 one year ago in May 2021 Wit...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
There are several down payment assistance programs on the local and state level, even many with forgiveness clauses. Call or text me at 850-476-4494 for the right one available to us here in Pensacola, Pace, and Gulf Breeze. Lots of Help Available for Down Payments By Lew Sichelman The Fla. Housing Finance Corp. saw its volume jump in 2021; activity was so brisk that it stayed open 24/7 and increased its housing assistance amounts. SARASOTA, Fla. – Lawmakers in Washington have earmarked billions of dollars for down payment assistance for first-time homebuyers as part of the Build Back Better legislative package championed by President Biden. But rookie buyers don’t have to wait for Congress to act – if it ever does. Plenty of financial aid is available to help buyers who are short on c...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
20% of those surveyed said they’d make an offer immediately. Some buyers (56%) are willing to consider a 2nd job to earn more money for a home purchase. 65% of Buyers Would Make Offer Within 3 Days Report:  CHARLOTTE, N.C. – Home buyers realize they need to be quick with their offers in today’s competitive housing market, a new report says. Sixty-five percent of buyers recently surveyed said they’d make an offer within three days of viewing it if they’re interested. Twenty percent say they’d make an offer immediately, according to Bank of America’s new 2022 Homebuyer Insights Report, based on about 2,000 responses. Homes spent an average of 17 days on the market in March. Eighty-seven percent of homes sold in March were on the market for less than a month, according to National Associa...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
We hear it every day WoW I could have bought that for a lot less 10 years, 5 years, and even yesterday. Buy Now and you will be the one saying WOW I bought this for that and now it is worth so much more. New-Home Sales Fall, Buyers Face ‘Sticker Shock’ New-home sales down 8.6% in March; sales are down nearly 13% from a year ago. Only 14% of March’s new-home sales were below $300K; a year ago, it was 34%. WASHINGTON – As mortgage rates and home prices soar higher, sales of newly built single-family homes are dropping in response. Builders say affordability issues are to blame. New-home sales fell 8.6% in March to a seasonally adjusted annual rate of 763,000 units, the Commerce Department reported on Tuesday. Sales fell in all four major regions of the U.S. last month. Overall, sales are...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Who knows the real estate market better than a realtor NO ONE SHOULD. When you seek the advice of an experienced realtor there should be no uhs' aw's they should be able to guide you through the minefields and scenarios of the complete home buying process from start to finish and if they are really experienced "way beyond". I am that realtor, I have over 27 years of experience and from first-time buyers to multi-building investors, my team and I have seen it all, and what we have a challenge with we have the resources and experienced team of experts that we can go to for the answers or concerns of our customers. We have met the needs of thousands over the years and they still refer their friends and family members. At a recent Family Reunion, it was said that I kissed more babies than ...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Some want to age in place, keeping close to family and community. There are also concerns about being able to find and afford another place once they sell. Not All Baby Boomers Are Downsizing By Amber Randall FORT LAUDERDALE, Fla. – Despite conventional wisdom saying that downsizing should happen later in life after the kids have left the house, some South Florida baby boomers are deciding to stay put in their homes. Data from Zillow that profiled baby boomers and their selling habits found that of the 2% of baby boomers who moved in 2021, 46% reported downsizing to a smaller home. But that’s not necessarily the case with all baby boomers, experts said. Some of them are planning to stay in the homes where they raised their children, and areas where they put down roots. “With older Ameri...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
    The sky is falling, the sky is falling. If your friend loses his job it is called a recession if you lose yours it is a depression. Throughout history, one could find the bad and good going on simultaneously in your city, state or the country do not let your heart be troubled. Owning a home beats all other ways against a recession or depression. READ ON History Proves Recession Doesn’t Equal a Housing Crisis [INFOGRAPHIC] 1.4KSHARES 1.2K 76 19 170 Some Highlights It’s important to understand history proves an economic slowdown does not equal a housing crisis. In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008. If you have questions, connect with a real esta...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Not the least of which is your family. Statistics show children born into a family who owns a home do better in school, have a higher education, and do well socially. I would dare say they are also more likely to have a more sense of money, and sense of security.  2.0KSHARES 1.7K 87 24 171 How Homeownership Impacts You June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on. If you’re thinking about buying a home this year, here are some of the benefits you’ll experience when you do. The Emotional Benefits of Homeownership Because it’s a place that’s uniquely yours,...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
For Buyers, there is now more inventory but probably for only a couple of months as the summer tends to lull people to sleep with all the happenings. If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. 2.2KSHARES 1.9K 107 6 215   The Number of Homes Available for Sale Is Likely To Grow There are early signs housing inventory is starting to grow and experts say that should continue in the months ahead. According to Danielle Hale, Chief Economist at realtor.com: “The gap between this year’s homes for sale and last year’s is one-fifth the size that it was at the beg...
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By Trish Sarfert, Serving military & civilian relocations!
(Gulf Coast Home Experts)
April 2022 Housing Market Update NW Florida / Pensacola MLS Region The monthly housing market update for April 2022 is now available for the Pensacola MLS Region. Median sales price was $310,950 - down from from $315,000 in March 2022 and up from $256,400 one year ago. Monthly average sales prices were $380,036 at month end, up from $364,894 in March 2022 (a 4.15% month to month increase) and up from $306,439 one year ago (a 24.02% year to year increase). Inventory still extremely low but growing: Only 923 homes listed at April month end Up from 775 in March 2022 Up from 751 one year ago in April 2021 With 1042 housing sales in April, this equals to less than a one month supply of homes.   The lack of inventory means that it continues to be a Seller's market, with many homes bringing m...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
You may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your loved ones. Now that summer is just around the corner, it’s worthwhile to start thinking about your plans and where you want to spend your vacations this year. Here are a few reasons a vacation home could be right for you. 1.4KSHARES 1.1K 78 5 145 Why Summer Is a Great Time To Buy a Vacation Home   Why You May Want To Consider a Vacation Home Today Over the past two years, a lot has changed. You may be one of many people who now work from home and have added flexibility in where you live. You may also be someone who delayed trips for personal or health reasons. If either is true for you, there could be a unique opportunity to use the flexib...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too? 1.3KSHARES 1.1K 79 4 130   To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much economic activity a home sale generates. The chart below shows how the sale of both a newly built home and an existing home impact the economy: As the visual shows, a single home sale can have a significant effect on the overall economy. To dive a level deeper, NAR also provides a detailed look at how that varies state-by-state for newly built homes (see map below): You may be wondering: how can a single home sale have such a major effect on the econo...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Because buying or selling a home is such a big decision in our lives, the need for clear, trustworthy information and guidance is crucial. And while no one can give you perfect advice, when you align yourself with an expert, you’ll get the best advice for your situation. Choose someone you trust, enjoy being around, and is transparent like me, Charles Stallions I don't claim to know it all but I do know where the answers are for the things I don't I will always give the best and most up to date information so you can make the right decision for you. 1.7KSHARES 1.4K 91 4 165 An Expert Will Give You the Best Advice Possible Let’s say you need an attorney, so you seek out an expert in the type of law required for your case. When you go to their office, they won’t immediately tell you how ...
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