Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point.

The graph below helps tell the story of just how different things are today.

This year, buyer demand has eased as higher mortgage rates and mounting economic uncertainty moderated the market. This slowdown in demand is clear when you look at the red bar on the graph. It uses the latest data from ShowingTime to illustrate how showings (an indicator of buyer demand) have softened by just over 12% compared to the same time last year.

Now for a look at how housing supply has changed, turn to the green bar. It…

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Okaloosa Island to Host First Ever Boardwalk Country Music Beach Festival 

https://weartv.com/news/local/okaloosa-island-to-host-first-ever-boardwalk-country-music-beach-festival


252 Pound Swordfish Joins Destin Fishing Rodeo Leaderboard

 

https://www.wkrg.com/northwest-florida/okaloosa-county/252-pound-swordfish-joins-destin-fishing-rodeo-leaderboard/


Grand Boulevard's Christmas Holiday Lights Kick Off Nov. 18 


https://www.destinchamber.com/events/details/grand-boulevard-s-christmas-holiday-lights-kick-off-49931


Great Gulfcoast Arts Festival Celebrates its 50th Year - Nov, 4-6

 

https://www.ggaf.org


Business Man Pledges $1M to Destin High School Athletics Program 

 

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The housing market is rapidly changing from the peak frenzy it saw over the past two years. That means you probably have questions about what your best move is if you’re thinking of buying or selling this fall.

To help you make a confident decision, lean on the professionals for insights. Here are a few things experts are saying about the fall housing market.

Expert Quotes for Fall Homebuyers

A recent article from realtor.com:

This fall, a more moderate pace of home selling, more listings to choose from, and softening price growth will provide some breathing room for buyers searching for a home during what is typically the best time to buy a home.”

Michael Lane, VP and General Manager, ShowingTime:

Buyers will continue to see less…

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While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession.

You’re likely feeling the impact in your day-to-day life as you watch the cost of goods and services climb. The pinch it’s creating on your wallet and the looming economic uncertainty may leave you wondering: “should I still buy a home right now?” If that question is top of mind for you, here’s what you need to know.

Homeownership Is Historically a Great Hedge Against Inflation

In an inflationary economy, prices rise across the board. Historically, homeownership is a great hedge against those rising…

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The 22nd Annual Mountainfilm on Tour Returns to the WaterColor® Marina Park Ampitheater!

 

https://www.watercolorresort.com/mountainfilm-on-tour


Grace Pizza and Shakes Announces Grand Opening for Second Location on 30A 

 

https://30a.com/grace-pizza-second-location-on-30a/


New Scenic Gulf Drive Regional Beach Access Opens 

 

https://sowal.com/story/new-scenic-gulf-drive-regional-beach-access-opens


Seeing Red Wine Festival® Celebrates 30 Years - Nov. 10-13

 

https://seasideseeingred.com


30A Thanksgiving Day 10K, 5K and 1 Mile Fun Run in Rosemary Beach

 

https://www.visitsouthwalton.com/events/30a-10k-thanksgiving-day-races/


Deer Lake State Park Reopens with Improvements

 

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It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR):

“Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.”

If you’re thinking of buying a home or have been trying to recently, that’s a big increase in a monthly mortgage payment – and it may be causing you to press pause on your plans. This jump is making homes less affordable, especially compared to the last two years when mortgage rates were at historic lows.

The good news is you can navigate today’s housing market and this rising rate environment with a few simple tips. Here are three…

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Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house.

Data shows 51% of homeowners have a mortgage rate under 4% as of April this year. And while it’s true mortgage rates are higher than that right now, there are other non-financial factors to consider when it comes to making a move. In other words, your mortgage rate is important, but you may have other things going on in your life that make a move essential, regardless of where rates are today. As Jessica Lautz, Vice President of Demographics and Behavioral Insights at…

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Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: what’s ahead for the price of my home, know that experts are now answering this question, and its welcome news for homeowners who may have been led by the media to believe their home would lose value.

Historically, home prices have appreciated at a rate near 4%. For 2023, the average of six major forecasters noted below is 2.5%. While one, Zelman & Associates, is calling for depreciation, the other five are calling for appreciation. The graph below outlines…

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It's finally fall in Florida! Check out some of the top local news and seewhat fun events are coming up on the Emerald Coast as we head into October.

Watersound Origins Porchfest Returns to the Watersound Origins Community Oct. 9

https://www.watersound.com/watersound-porchfest

Visit the Magnificent Monarch Art Train in South Walton Florida

https://sowal.com/story/the-magnificent-monarch-art-trail-in-south-walton-florida

Mountainfilm on Tour Returns to WaterColor Inn & Resort

https://www.thedestinlog.com/story/lifestyle/2022/08/29/mountainfilm-tour-returns-watercolor-inn-resort/7883476001/

30A Businessman Michael V. Jordan is Now a Two-Time Movie Star. Here's Where to Watch

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