Honey Sells The Gulf Coast

06/28/2023

This could be you driving your boat home as the proud owner of this beautiful 200 feet of waterfront property, make no mistake: you would be the envy of everyone. If population trends are any indication, counties directly on the shoreline account for less than 10% of total U.S. land area, but 39% of the total population, according to the National Ocean Service.

This home gazes over a sparkling lagoon & Bay. Minutes from the beautiful Gulf. Not only does it have an amazing view, but it also offers easy access to exclusive activities (boating, fishing, swimming, all watersports access to restaurants, and Shell Island ).
8115 North Lagoon Drive Panama City Beach Florida 32408

01/24/2022

Lately, I have been asked if we are in a Housing Bubble. A Housing Bubble is what happens when there is an unsustainable growth in home prices, eventually “bursting” when demand can no longer support the high home values, followed by sharp price declines. It’s typically caused by an influx of demand from homebuyers and real estate investors.
This housing market has been strong and driven since the worldwide coronavirus pandemic in 2020. This has created new opportunities for remote schooling and working from home, coupled with the record-low mortgage rates it has produced a strong homebuyer demand and a shortage of existing homes. New construction prices have continued to rise due to material cost and labor shortages. Median home prices have continued to rise. Buyers and sellers have concerns about how fast prices are rising, especially those who remember the housing market crash during the Great Recession. According to Redfin Chief Economist Daryl Fairweather. “If this rate of price growth were to continue for another year, I would be worried about a bubble, too, but I predict home-price growth will slow significantly in 2022. What we’re going through right now is closer to a ripple in the water than a bubble. Mortgage rates are already going up, which will likely stabilize demand and reduce the risk of a bubble that could burst.” Fairweather continues to say, “that homebuyers have less disposable income to put into the housing market.”
I agree with Fairweather’s analysis that there will not be a housing bubble.

But, with my experience as realtor, I am seeing that buyers are much more aware of their debt-to-income ratio, keeping below the 30% threshold. Mortgage lenders and the secondary markets continuing to be strict with lending standards. This has produced high quality mortgage loans.

The pandemic housing boom is fundamentally different from that of the mid-2000s, when bad lending criteria allowed many homebuyers to take out mortgages they couldn’t afford. That resulted in millions of foreclosures and a sharp decline in home prices.
This housing market is strong.

Call Honey Carico
Licensed Florida Real Estate Agent.
850-708-2525

01/18/2022

11/02/2021

We did again! Best costumes I've made so far. We won! Disney Princess Warriors. Jasmine, Pocahontas and Belle. The arm candy is The Genie, The Beast, and John Smith.

05/28/2021

EWS & MEDIA
interest rates shown in newspaper
Glowimages / Getty Images
MAY 27, 2021

30-Year Mortgage Drops After Hitting 3% Last Week
Rates this week averaged 2.95% – roughly the same level they’ve seen for a few months. One year ago, a 30-year, fixed-rate loan averaged 3.15%.

WASHINGTON (AP) – Mortgage rates declined this week, pushing the benchmark 30-year home loan back down below the 3% mark. Signs continued of the economy’s recovery from the pandemic recession.

Mortgage buyer Freddie Mac reported Thursday that the average for the 30-year rate fell to 2.95% from 3% last week. At this time last year, the average long-term rate was 3.15%.

The rate for a 15-year loan, popular among those seeking to refinance, eased to 2.27% from 2.29% last week.

With historically low mortgage rates prevailing, the U.S. housing market has grown so overheated as demand outpaces supply that prices keep hitting record highs – and roughly half of all houses are now selling above their list price. Two years ago, before the pandemic struck, just a quarter of homes were selling above the sellers’ asking price, according to data from the real estate brokerage Redfin.

New data out this week further illuminated the red-hot nature of the housing market: Prices rose in March at the fastest pace in more than seven years. The S&P CoreLogic Case-Shiller 20-city home price index jumped 13.3% that month compared with a year earlier – the biggest such gain since December 2013. That price surge followed a 12% year-over-year jump in February.

The pandemic has encouraged more people to seek out the additional space provided by a single-family home. Yet at the same time, COVID-19 discouraged many homeowners from selling and opening up their homes to would-be buyers, thereby shrinking the number of homes for sale.

In the latest positive economic news, the government reported Thursday that the number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and further evidence that the job market is strengthening as the coronavirus wanes and the economy reopens more widely.

05/17/2021

FOR SALE $489,000.00
Contract Pending $510,000.00
Great Location in 30A

05/17/2021

FOR SALE $339,000.00
Rare opportunity to purchase a home for this price in the Bay Point Subdivision Panama City Beach Florida

Rare opportunity to live in Bay Point. Well maintained home with large yard. This is one of the first homes built in the Bay Point community. This 3 bedroom, 2 bath home is priced perfect for a first-time home buyer. Large yard with privacy fence, with out side storage. Original owner is relocating....

05/17/2021

FOR SALE $289,000.00
Contract Pending $305,000.00

Great beach home for short term and or long term rental. Property is within 48 ft to beach access. Home features spacious Livingroom that is open to the kitchen with breakfast bar, half bath on main floor and laundry closet. Back door leads to to a covered patio and fenced yard. second floor feature...

05/17/2021

FOR SALE $339,00.00
This property wont last long. Trip Advisor ranked Panama City Beach #2 in the world for best place to visit.

Great Investment property, 5min walk to beach, Balcony has water view. Great community with pool and close to Pier Park

03/15/2021

Making dreams come true. Sold another condo. PCB Florida is ranked #2 in the world by Trip Advisor.
Great Return on your Investment. Call me if you want to have a piece of paradise.

03/15/2021

Making Dreams Come True. Panama City Beach is ranked #2 in the world by Trip Advisor, best place to visit. Great return on your investment.

02/22/2021

SOLD ANOTHER DREAM....LIVING IN PARADISE.