Santa Rosa County, FL Real Estate News

By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house. Here are three of the top questions you may be asking – and the data that helps answer them – so you can make a confident decision. Click Here to Continue Reading Bottom Line Serious buyers should approach rising rates as a motivating factor to buy sooner, not a reason to wait. Waiting will cost you more in the long run. Work with a real estate professional to understand your budget and how you can be prepared to buy your home before rates climb higher.  My Home own search! How to get a Mortgage and FREE Credit Report   Thinking of Buying, We can help you relocate, find a job, a daycare, and great places to eat, shop,...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
When a 1031 Exchange is opened in the latter part of the year, a seasonal benefit worth mentioning is “tax-straddling.” If that exchange is successfully completed, those taxpayers defer taxes to receive the benefits of the 1031 Exchange. However, if that exchange fails and is not completed, taxes will be due. The benefit for those taxpayers is that they may still qualify for a “mini-tax deferral” (via tax straddling) where they can report and pay their taxes on their 2023 tax returns instead of immediately on their 2022 tax returns. Click here to read the technical explanation of how tax straddling works. Bottom Line Serious buyers should approach rising rates as a motivating factor to buy sooner, not a reason to wait. Waiting will cost you more in the long run. Work with a real estate...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
          Every pet owner knows the ups and downs of chewing, scratching and the occasional “accident.” While it may be impossible to eliminate these issues completely, there are many things you can do to protect your home and furniture from potential damage.     1. Protect your floors. Whether it’s hardwood, tile or carpet, your floor is no place for pets to relieve themselves. Do your best to minimize the damage and subsequent cleanup with absorbent pads in places where accidents have happened. Be sure to invest in a quality carpet and upholstery cleaner that eliminates odor and uses enzymes to erase all traces that can lead to repeat offenses. 2. Give your cat something to scratch. If your feisty feline can’t keep its claws off the couch, give them something better to dig into. Scra...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Bottom Line "There Is A Realtor For That" If you’re ready to buy or sell a home Charles Stallions with over 27 years of experience will give you expert advice on your specific situation. Buying Or Selling while living on the Gulf Coast Sign up for our Monthly Newsletter We are Ambassadors for all things Pensacola, Pace, or Gulf Breeze, Florida whether a first-time guest or a frequent visitor when you need to know something, an excellent place to eat, who's hiring, or just a real estate question do as the locals do call or text Charles Stallions at 850-476-4494 or email charles@charlesstallions.com It's Who We "R". Real Estate ‘Reset’ Confuses Buyers and Sellers By Terry Collins The Fed says its rate hikes will “reset” the housing industry, but the disruption may come largely from buyer...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  Some sellers have permanently opted to rent out their old homes rather than sell, but skyrocketing rents have pushed even more into that landlord category. NEW YORK – With single-family home rents skyrocketing and many prospective buyers priced out of the market, renting out an old home has, to some sellers, become more attractive than selling. The result: A shrinkage in listings of homes for sale, which causes prices to rise even as sales lag. Brokerage HouseCanary reports that the portion of home listings delisted without going under contract climbed 58% in August from a year earlier. However, the overall number remains a small percentage of total listings. “People are hearing that rents are going up, so they’re saying, ‘Well if I can’t sell it for what I want, I’ll just rent it, b...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  Some experts expect a “globally synchronized housing market downturn” over the next 2 years, as factors like interest rate hikes and inflation impact households. NEW YORK – Around the world, buyers are pulling back as central banks raise interest rates at the fastest pace in decades, sending house prices falling. Meanwhile, millions of people who borrowed cheaply to purchase homes during the pandemic boom face higher payments as loans reset. “We will observe a globally synchronized housing market downturn in 2023 and 2024,” said Hideaki Hirata of Hosei University, a former Bank of Japan economist who co-authored an International Monetary Fund paper on global house prices. He warns the full impact of this year's aggressive rate hikes will take time to play out for households. “Sellers...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Bottom Line Selling a house requires prep work and expertise. If you’re looking to sell your house this season, lean on a trusted real estate professional for advice on how to get it ready to list, how to help it stand out in today’s shifting market, and more.   2.4KSHARES 2.0K 96 24 225 Today’s housing market is different than it was just a few months ago. And if you’re thinking about selling your house, that may leave you wondering what you need to do differently as a result. The answer is simple. Taking the time upfront to prep your house appropriately and create a solid plan can help bring in the greatest return on your investment. Here are a few simple tips to make sure you maximize the sale of your house this fall. 1. Price It Right One of the first things buyers will notice is t...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Bottom Line If you’re thinking about buying a home, asking yourself about home prices and mortgage rates will help you make a powerful and confident decision. Experts see both prices and rates rising in the future. The alternative is to rent, but rents are also increasing. That may mean buying a home makes more sense than renting.   3SHARES 0 2 0 1 Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no signs of letting up soon. Economic uncertainty and the volatility of the financial markets are causing mortgage rat...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search. 1.1KSHARES 845 73 16 124 The inventory of homes for sale has increased this year, and that’s giving buyers much-needed options. As Danielle Hale, Chief Economist at realtor.com, says: “. . . today’s shoppers have more than 5 homes to consider for every 4 they had at this time a year ago.” But perspective is important. Overall, the housing supply is still low. If you need even more choices, expanding your search by adding additional housing types, like condominiums, could help. Exploring Condos Could A...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one. 1.3KSHARES 1.1K 77 16 141 Inflation and the Housing Market This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pinch at the gas pump and in the grocery store. It may have even impacted your ability to save money to buy a home. While the Federal Reserve is working hard to lower inflation, the August data shows the inflation rate was still higher than expected. This news impacted the stock market and fueled conversations about a recession. It also played a role in the Federal Reserve’s decision to raise the Federal Funds Rate last week. As Bankrate says: “. . . the Fed has raised...
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By Trish Sarfert, Serving military & civilian relocations!
(Gulf Coast Home Experts)
Don't wait too long- this one won't last!  Call me at 850-449-0908 to schedule an appointment to view your new home!8937 Bluebell Milton, FL 
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By Mark Hoeft, Pensacola & Pensacola Beach Florida Real Estate
(The Florida Coast Realty Pensacola LLC)
Playing Catchup from past closings1266 Harrison Ave. Gulf Breeze, FL 32563 - Wonderful all brick home in highly desirable Grand Ridge! This fantastic home has been updated and move in ready! Spacious, open and airy feel as you enter the home. Large great room features a fireplace, cathedral ceiling and door to the back covered patio. Wonderful kitchen with granite countertops, newer oven and dishwasher, large pantry, breakfast bar and dining area make it the perfect place to gather. A formal dining area is just off the kitchen. Master suite with large master bath is just steps from the great room. The split floorplan is perfect for the family! Two additional bedrooms are separated by the hall bath. An additional bedroom is just off the entry and would also work perfect as an office. Ste...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
 Bottom LineOwning a home is an important part of building your net worth. If you’re ready to start on your journey to homeownership, connect with a trusted real estate advisor today.Owning a home is a major financial milestone and an achievement to take pride in. One major reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and building your wealth is especially important.If you’re looking to increase your financial security, here’s why now could be a good time to start on your journey toward homeownership.  1.8KSHARES 1.5K 86 16 184   How Owning a Home Builds Your Net Worth Owning a Home Is a Key Ingredient for Financial Success A report from the National Association of Realtors (NAR) detail...
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By Mark Hoeft, Pensacola & Pensacola Beach Florida Real Estate
(The Florida Coast Realty Pensacola LLC)
Playing Catchup from past closings1959 Jo Tam Lane Navarre, FL 32566 - Welcome to the Navarre-centric community of Sandy Dunes! This home stands watch just past the entrance to the neighborhood. We begin by pulling up on a paver lined driveway and take in the large front yard adorned with ornamental trees and shrubs. The neutral brick facade, metal roof and blue storm shutters work together with the palms to create a coastal vibe that we will also find throughout the home. Just over the threshold we are greeted by wood-look tile flooring (throughout) in a grey/driftwood tone, and a bright and cheery turquoise, that, in addition to the vaulted ceiling, add to the open and spacious feeling of the living room. The kitchen opens up to the living room by way of a breakfast bar and eat-in are...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  The U.S. has 1.1M vacation rental properties and while investors seeking top returns often focus on tourist destinations, some smaller unexpected cities also work. NEW YORK – While the old adage about location and real estate may be changing for those who work remotely, it has never been more true for those who rent out vacation properties – a home steps from South Beach or a West Hollywood condo can bring in hundreds of thousands of dollars a year as a rental. That is, of course, the top end of the range. There are, at the moment, over 1.1 million vacation properties being rented out across the U.S, and for many it is a steady but modest source of supplementary income. A recent study by rental research company AirDNA found that, at the end of 2021, an average vacation home generated...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Renters usually cut back expenses to save for a down payment, so downsizing their apartment to one less bedroom might get them into a house within a few years. MONROE, La. – Saving the down payment for the American Dream – that first home – can be the biggest challenge for young renters. Back in the late 1960s and early 1970s, this writer resided in a one-bedroom apartment for five years with a wife and two small children. We gave the bedroom to the kids and slept in the dining room. To receive a reduced rent in winter, we shoveled snow at the corner of a 16-flat in Roscoe Village and tended the hopper for the coal-fired boiler. In summer, we cut the grass and painted vacant units for the owner. Typically, we dined in our tiny apartment kitchen on spaghetti, chili, burgers and pot roas...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  Fortune explains that mortgage rates typically fall during an economic slowdown: “Over the past five recessions, mortgage rates have fallen an average of 1.8 percentage points from the peak seen during the recession to the trough. And in many cases, they continued to fall after the fact as it takes some time to turn things around even when the recession is technically over.”   244SHARES 0 67 13 164 According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe we will see a recession in the coming 12 months. And as more recession talk fills the air, one c...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  Investors consider a 60/40 stock/bond portfolio standard, but real estate has provided solid returns over the past 12 months, convincing many to diversify. Real Estate Offers Solid Investment Returns By Mike Ballard LAS VEGAS – Stocks and bonds have always been the main source for investments across the United States. In fact, the 60/40 stock/bond portfolio is a standard that most investors follow. However, following that trend cuts out one of the most stable investments out there in today’s market: real estate. For the last 12 months, ending June 30, 2022, the S&P 500 was down 11%, Dow Jones Index was down 14% and Nasdaq was down 22%. The volatile Bitcoin went down 68%. Meanwhile, multifamily real estate rent amounts continued to increase during that same period, and home values on s...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  By Steve Nicklas The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. NEW YORK – The rock-hard foundation of the U.S. housing market is suffering some cracks, but an outright collapse is nowhere in sight. Regardless, sensational news headlines are reverberating like seismic tremors around the country. Here are recent inflammatory headlines from legitimate websites: “U.S. home prices are about to tumble as demand for new houses ‘craters,’ an economist warns.” (BusinessInsider) “Homebuilder confidence suffers near-record plunge” (Newsweek) “Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch) “The housing ma...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  Young adults want a home; their parents want them to have a home. As a result, more moms and dads are giving money, co-signing or even gifting a house to their kids. NEW YORK – With rising home prices, the “bank of mom and dad” helps many adult children purchase their first home, especially as home prices and mortgage rates move higher. More parents are now stepping in to help young adult children buy, whether by co-signing on a mortgage, gifting them money for a down payment, or even buying them a property outright. “It has a lot to do with rental prices being so high,” Becki Danchik, with Coldwell Banker Warburg in New York, told Bloomberg. “They feel like it’s a waste to be throwing away money on rent when they can capitalize on the sales market right now.” Climbing home prices an...
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