Saturday, October 3, 2009
Former County Sheriff Charlie Morris goes to Jail
Former Okaloosa County Sheriff Charlie Morris reported this week to begin a three-year federal prison sentence at a Forrest City, Ark., prison camp. Prison Camp? Hmmm, that sounds like vacation spot to me. I wonder if his voting rights will be removed like the other prisoners. He plead guilty to fraud, money laundering and conspiracy charges. When is the movie of the week coming out on this one? Morris and four other former employees still face state racketeering charges.
Eglin AFB Base Community Update
Just in case you didn't know. Eglin AFB F-35 fighter program suffered a slight setback with the reduction in the number of F-35 Joint Strike Fighter jets being brought to the base from more than 100 to only 59 now, but officials did say that 59 are scheduled "initially". The base broke ground in March on a facility that will train F-35 pilots and maintainers.
At the same time Eglin also prepares for the Army Special Forces Group. Construction is underway in Crestview for the facilities to support the influx of thousands. And to help aid the the additional traffic flow, a new traffic signal has been installed right at the entrance to Duke Field on Hwy 85. So be careful, the speed limit in that area is 65 and then you run right into the light.
At the same time Eglin also prepares for the Army Special Forces Group. Construction is underway in Crestview for the facilities to support the influx of thousands. And to help aid the the additional traffic flow, a new traffic signal has been installed right at the entrance to Duke Field on Hwy 85. So be careful, the speed limit in that area is 65 and then you run right into the light.
How's The Real Estate Market?
The REALTORS in Northwest Florida have been rocking and rolling. At the beginning of the year 2009, the Fort Walton beach and surrounding areas had over 3 years worth of combined real estate inventory on the market for sale. That inventory includes single family homes, townhomes as well as condos.
While the news channels will only acknowledge improvements marginally, the buyers and sellers in our area need to know, that your REALTORS are working hard to infuse our economy. The facts speak for themselves. Year to date we have sold over 2600 properties, with a sales volume of 607,662,984. Besides the numbers, what that means to me is that we have helped over 5000 families relocate!
Is it still a buyers market?
Based on supply and demand the short answer is sort of. But in real estate, there is really never a short answer. Real estate is dynamic and ever changing. Agents in our area have sold over 300 properties per month for the last 6 months, but you may not realize that because, just as fast a we are able to get a home sold, another one becomes available. So to the average viewer it doesn't really look as though the market is moving. There are definitely deals to be made, this is a great time to buy real estate! But buyers looking for a steal, may have pretty much missed that boat.
So where are we now?
As we slide into the last quarter of this year, we are still making a difference, in the first 3 days of October, so far 17 homes have sold already. We currently have about a 15 month inventory of homes available for sale. Homes are selling for between 94-97% of the listing price. That means homeowners are retaining more of their equity of their investments. Now that's working on a pretty healthy market.
FREE Search Homes For Sale: Fort Walton Beach* Eglin AFB/ Hurlburt Field* Navarre* Crestview
Network w/me for industry/local information: Facebook ActiveRain Twitter Linkedin
While the news channels will only acknowledge improvements marginally, the buyers and sellers in our area need to know, that your REALTORS are working hard to infuse our economy. The facts speak for themselves. Year to date we have sold over 2600 properties, with a sales volume of 607,662,984. Besides the numbers, what that means to me is that we have helped over 5000 families relocate!
Is it still a buyers market?
Based on supply and demand the short answer is sort of. But in real estate, there is really never a short answer. Real estate is dynamic and ever changing. Agents in our area have sold over 300 properties per month for the last 6 months, but you may not realize that because, just as fast a we are able to get a home sold, another one becomes available. So to the average viewer it doesn't really look as though the market is moving. There are definitely deals to be made, this is a great time to buy real estate! But buyers looking for a steal, may have pretty much missed that boat.
So where are we now?
As we slide into the last quarter of this year, we are still making a difference, in the first 3 days of October, so far 17 homes have sold already. We currently have about a 15 month inventory of homes available for sale. Homes are selling for between 94-97% of the listing price. That means homeowners are retaining more of their equity of their investments. Now that's working on a pretty healthy market.
FREE Search Homes For Sale: Fort Walton Beach* Eglin AFB/ Hurlburt Field* Navarre* Crestview
Network w/me for industry/local information: Facebook ActiveRain Twitter Linkedin
How Many Credit Cards Are Too Much?
I recently spoke with a lady who had 26 credit cards! Incredible. Why you ask? She enjoyed collecting them. And, about half had a balance of between $25-$500! The other half had zero balances, but had available credit up to $12,000. She thought that by having so many cards she was showing how much credit worthiness she had.
When you are trying to buy a home, the exact opposite is true. That hurts you because in the banks eyes, they see the amount of open trade lines as a risk because if you actually start using that amount of credit, and become overwhelmed in debt, you could find yourself in a position of not being able to make your mortgage payment. Too many trade lines and it will actually reduce your credit scores. And that would be the last thing they want.
So reduce your risk and reduce your credit lines. Keep a couple on hand, try to keep the balance less than 50% of the maximum available, and always pay them on time.
When you are trying to buy a home, the exact opposite is true. That hurts you because in the banks eyes, they see the amount of open trade lines as a risk because if you actually start using that amount of credit, and become overwhelmed in debt, you could find yourself in a position of not being able to make your mortgage payment. Too many trade lines and it will actually reduce your credit scores. And that would be the last thing they want.
So reduce your risk and reduce your credit lines. Keep a couple on hand, try to keep the balance less than 50% of the maximum available, and always pay them on time.
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