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Home Buying | Beach Road Realty Blog

Monday, July 15, 2024   /   by Richard Eimers

BRICK BY BRICK: WHY ECONOMISTS SEE THE HOUSING MARKET AS A BUFFER AGAINST RECESSION

As economic uncertainties loom on the horizon, many experts are turning their attention to an unexpected source of stability: the housing market. Despite challenges such as high mortgage rates and affordability concerns, the resilience of the housing sector is emerging as a potential "downside cushion" for the broader US economy. This phenomenon is particularly intriguing given the housing market's historical role in economic downturns. Let's delve into why and how the housing market might serve as a buffer against economic headwinds in the coming months.Richard Eimers July 15, 2024
The Current State of the Housing MarketTo understand the housing market's potential as an economic cushion, we first need to examine its current state. As of 2024, the US housing market presents a complex picture:Inventory Levels: After years of severe shortages, housing inventory has begun to show signs of improvement. This increase in available homes provides more options for buyers and helps to stabiliz ...

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Friday, June 28, 2024   /   by Richard Eimers

MORTGAGE RATES DROP FOR 4TH WEEK: WHAT IT MEANS FOR DESTIN'S BEACH RESORT PROPERTY MARKET

For the fourth consecutive week, mortgage rates have shown a downward trend, offering a glimmer of hope for potential homebuyers and real estate investors. According to Freddie Mac's latest report, the average rate on a 30-year fixed-rate mortgage has inched down to 6.86% from 6.87% the previous week. This decline, though modest, represents the lowest rate since April and could have significant implications for the real estate market, particularly in desirable locations like Destin's beach resort area.

By Richard Eimers Broker Owner June 28, 2024

The Current Mortgage Rate Landscape
The housing market has been navigating choppy waters in recent months, with high interest rates dampening both buyer enthusiasm and seller willingness to list properties. Many homeowners have been reluctant to give up their existing low mortgage rates, creating a shortage of inventory. Simultaneously, potential buyers have faced affordability challenges, leading to a slowdown in market activity.Howeve ...

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Sunday, June 23, 2024   /   by Richard Eimers

RIDING THE WAVE: HOW FLORIDA'S SHORT-TERM RENTALS ARE RESHAPING COASTAL REAL ESTATE

As a vacation rental expert, I'm excited to share some insights on why Florida is leading the short-term rental market and what this means for property owners, investors, and the broader real estate landscape.
Richard Eimers June 23, 2024
Florida's Dominance in the Short-Term Rental Market
Florida has emerged as a powerhouse in the short-term rental industry, and it's not hard to see why. The Sunshine State offers a perfect blend of beautiful beaches, world-famous attractions, and year-round pleasant weather that attracts millions of visitors annually. But there's more to the story than just Florida's natural appeal.

Recent data from AirDNA reveals a fascinating trend: coastal area short-term rentals were 17% more popular among tourists than hotels. This statistic underscores a significant shift in traveler preferences, particularly in Florida's prime coastal destinations like Destin, Miramar Beach, Santa Rosa Beach, and Inlet Beach.

Why Travelers are Choosing Short-Term Renta ...

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Sunday, June 23, 2024   /   by Richard Eimers

2024 68TH ANNUAL PANHANDLE WATERMELON FESTIVAL

Several special events and performances can be enjoyed at the 68th Annual Panhandle Watermelon Festival for 2024



Live Music Performance: Country music star Clay Walker performed on Friday night. The chairman described it as "pretty amazing" and noted it drew their biggest crowd ever.
Parade: The festival included a parade on Saturday.
Car Show: There was an expanded car show compared to previous years.
5K Run: A 5K race was part of the festival activities.
Pancake Breakfast: The festival offered a pancake breakfast on Saturday.
Watermelon Contest: This traditional event was held, likely featuring competitions related to watermelons.
Junior Jubilee Contest: A new activity introduced this year where kids were given seeds earlier in the spring to grow watermelons and bring them to the festival.
Watermelon Auction: An auction was held in the Agricultural Center where attendees could bid on various watermelon varieties.
Vendor Booths: The festival featured 45 different vendor ...

  beach road realty, richard eimers, eimers group, housing market, mortgage rates, property market, real estate news, real estate market, real estate trends, housing market trends, mortgagerates, homeownership, home prices, real estate, housingmarket, real estate insights, home sales, homebuying, realestatetrends, realestate, real estate investment, economic trends, home buying, homebuying tips, federalreserve, florida realtors, home selling

Beach Road Realty
Richard Eimers
17 Roundwood Drive
Inlet Beach, FL
850-259-1798
Beach Road Realty

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