The Uniform Appraisal Dataset – Tip of the Day

June 1, 2011

The deadline for the UAD implementation is approaching quickly. With Summer in full swing, it will be easy for the start date to slip up on you. I’ve seen reports come across my desk that have no information under the site field of the URAR other than “typical lot”. Well, that will change with the [...]

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Hurricanes in Florida – Are you ready for the Season?

May 29, 2011

Hurricane season is upon us once again. NOAA has made their prediction for the 2011 season. Florida and Panama City Beach has seen its share of major hurricanes over the years including several major hurricanes since 2000. One of the most memorable hurricanes to hit our area was Hurricane Opal in 1995. I vividly remember [...]

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A Quick Analysis of the Bay County Residential Market

April 14, 2011

Iam updating my stats for the 1st Quarter of 2011 and anxious to see if our market is getting healthy or not. As will all things, there’s good news and some not so good news. First, the Bay County marketplace which includes Panama City Beach, Panama City, and Lynn Haven continues to soften; typical of [...]

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Today’s Real Estate Appraiser and the UAD

March 24, 2011

Now, if the first thing that pops into your mind when you see the headline is birth control for an appraiser; well, you’re wrong. The Uniform Appraisal Dataset (UAD) will be a requirement for all appraisals delivered to Fannie and Freddie as of September 1, 2011. The UAD was born out of the Uniform Mortgage [...]

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The Impact of REO & Short Sales in the Residential Marketplace

March 9, 2011

I know everyone is familiar with the term REO and Short Sale these days and you frequently hear how this market activity can impact your home’s value. But I’m sure you have asked yourself, do they really hurt me or my neighborhood ?  The answer is YES. It is not uncommon these days for REO [...]

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The State of the Market – Lynn Haven

February 10, 2011

One of the things that makes this job interesting is analyzing the vast array of data and seeing how the data shapes up for different locations. Generally, when you look at published real estate stats, those stats are based on a larger pool of data on a macro level. This may involve several property types, [...]

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Panama City Beach Condos – The Year in Review

January 4, 2011

The condominium sector of Panama City Beach continued to correct throughout 2010. Contrasting the 4th Quarter of 2010 to the previous 12 month Quarter period reflects a -8.9% decline in median sale prices. Contrasting the entire 12 month period of 2010 to 2009 indicates a -7.6% decline in median sale prices for the year. Foreclosed [...]

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The Year in Review

January 3, 2011

I don’t know about you, but one of the things I enjoy toward the end of the year is looking at past events. So, to kick off the New Year, let’s take a stroll through time in the local Bay County/Panama City FL real estate market. The analysis and charts below reflect detached single family [...]

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Happy 2011

January 3, 2011

Well, another year is in the books. Can you believe how fast 2010 flew by? A New Year has arrived, new resolutions are in play, and I’m sure you’re all geared up for the coming year. 2010 was a rocky year in the real estate sector on a local level as well as a national [...]

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Tyndall Air Force Base receives more Good News

December 1, 2010

I previously discussed the great news that our local Air Force Base received in July. Well, here’s some even better news. An article in the Panama City News Herald reports that Tyndall Air Force Base received word on Tuesday that additional planes will be coming to Bay County. The additional planes will consist of a [...]

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