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August 2013 Market update

109 Panama City Beach condominium units sold in July 2013, making up for the slight drop in June's sale volume. Despite a shrinking inventory, sales are falling in line with those of past years even with higher selling prices. For the past year we have been watching this trend of higher pricing work its way through each building and floor plan.

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Calypso Loses Fannie Mae Approval

Calypso no longer qualifies for Fannie Mae mortgages for new condominium buyers. Calypso condominium first received a Special Approval Designation from Fannie Mae on June 10, 2011. This permitted lenders to make 30 year fixed rate mortgages in this building that could be resold to Fannie Mae. This latest approval only applies to refinance transaction of existing Fannie Mae owned loans. This is different than past letters that provided Fannie Mae loans to new buyers.

Most condominiums in Panama City Beach only have 5 year arm adjustable mortgages available to them. The advantage to Fannie Mae loans is that they tend to have a slightly lower interest rate and a 30 year fixed interest rate.

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Pre 2013 articles

You can see a full preview of all articles written prior to 2013 by clicking here.  You can also see the list of article titles on the right hand side of this page.

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Obamacare real estate tax will only affect top 1%

There's a persistent rumor that homeowners are required to pay a 3.8 percent federal healthcare tax for home sales under the new Affordable Care Act. This is an unfounded rumor, little more than an urban legend,

The truth is that the Affordable Care Act does impose a 3.8 percent tax on some types of non-wage income and investment profits, starting in 2013. This only applies to individuals with an adjusted gross income of $200,000 or couples with a $250,000 AGI, however, not to all homeowners.

*Adjusted Gross Income is the net number you pay taxes on after deductions


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What expenses come with a condo

Expences you see when buying a condo in Panama City Beach

People often have general questions when considering Panama City Beach condos for sale. A common question is; What expenses come with a condominium in Panama City Beach? Expenses that come with a condominium include taxes, insurance other utilities and association dues.

The dues charged by a condominium association can vary, but there are some universal fees that all condominiums in Panama City Beach charge. Condominium association fees include water, sewer and basic cable. Furthermore, some provide high-speed internet for homeowners. For most maintenance and insurance questions there is a general rule of thumb. The

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Waterfront Panama City Beach Real Estate

Waterfront homes in Panama City Beach Florida can be more of an adventure than a search. We have simple easy to view listings in the Panama City Beach area that give you more of you are looking for and less of what you are not. We have separate and distinct searches for Panama City Beach houses, Bay Front homes, Panama City Lake Front homes, and Panama City Gulf front homes in the area. We also have Panama City waterfront real estate lot searches that will be very helpful. This should help you in your search for Panama City Beach Real Estate.

Panama City Beach condos for sale

Looking for condos for sale in Panama City Beach can be a daunting task. We can help you in a number of ways. Our website provides a host of information including listings, floor plans, pictures, and more. We also have agents that are true experts in condominiums. With a little information, they can give suggestions on which buildings may best suit you.