How Would the Proposed $15K First-Time Buyer Tax Credit Work?

How Would the Proposed $15K First-Time Buyer Tax Credit Work And How Will It Impact The Housing Market? Click below link to find out more👇🏼👇🏼


Pres. Biden campaigned on a new $15K credit to help first-time buyers. It doesn’t exist yet, but lawmakers will probably consider it eventually. If passed, it would likely work like the credit from 2008-2010, with a heavy spike in demand followed by a drop-off after the program ends.

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source https://www.floridarealtors.org/news-media/news-articles/2021/01/how-would-proposed-15k-first-time-buyer-tax-credit-work

Mortgage Rates Move Lower, Down to 2.73%

The average 30-year, fixed-rate mortgage dropped from last week’s 2.77%. Read more👇🏼👇🏼


The average 30-year, fixed-rate mortgage dropped from last week’s 2.77%. A Freddie Mac economist attributes it to a new administration and COVID-19 “malaise.”

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source https://www.floridarealtors.org/news-media/news-articles/2021/01/mortgage-rates-move-lower-down-273

The 6 Worst Homes for First-Time Buyers

Great advice for first time home buyers! Read on👇🏼👇🏼👇🏼


There isn’t a one-size-fits-all formula for choosing your first home. (If there were, we’d tell you.) But there are certain kinds of homes you should avoid.

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source https://www.realtor.com/advice/buy/worst-homes-for-first-time-buyers/?cid=soc_shares_article_fb

Monica Mortara, Realtor - Levin Rinke Realty's cover photo

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source https://www.facebook.com/144955392775178/posts/779466415990736/

Environmentalists’ Lawsuit Challenges Fla. Permitting Change

Interesting article for land developers.


The U.S. Environmental Protection Agency shifted development approval for sites that include wetlands to the State of Florida, and developers praised the change, saying it cuts down lots of red tape. However, environmental groups have filed a lawsuit challenging EPA’s decision.

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source https://www.floridarealtors.org/news-media/news-articles/2021/01/environmentalists-lawsuit-challenges-fla-permitting-change

Mortgage Rates Move Noticeably Higher This Week

Economists forecast modest increases in mortgage rates this year.


The 30-year, fixed-rate mortgage averaged 2.79% this week, a relatively large increase from last week’s record-low 2.65%. But one year ago, the rate averaged 3.65%.

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source https://www.floridarealtors.org/news-media/news-articles/2021/01/mortgage-rates-move-noticeably-higher-week

Pensacola Housing Market Stats for December 2020 compared to December 2019. 👇🏼👇🏼 Market still looking good but need more listing...

Pensacola Housing Market Stats for December 2020 compared to December 2019. 👇🏼👇🏼 Market still looking good but need more listings!! Looking to upgrade to another home? With interest rates and home inventory at a record low, it’s a great time to sell your current home at a premium sales price and upgrade! 🙌🏻🏡🙋🏼‍♀️

✅There were 1,002 home listings in Dec 2020 compared to 2,104 home listings in Dec 2019
✅ Dec 2020 pending sales were up 45% compared to Dec 2019.
✅Dec 2020 average sold price was $290, 874 compared to $239,807 in Dec 2019
✅Average days on the market in Dec 2020 was 39 days compared to 61 days in Dec 2019
✅997 homes sold in Dec 2020 compared to 792 homes in Dec 2019

#ownthelifestyle #levinrinkerealty #ownrealestate #investinrealestate #thrivinghousingmarket #strongeconomy #thrivingeconomy #feelslikehome



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source https://www.facebook.com/144955392775178/posts/777443576193020/

Monica Mortara, Realtor - Levin Rinke Realty

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source https://www.facebook.com/144955392775178/posts/776651719605539/?substory_index=0

According to a study done by the National Association of Realtors’ Chief Economist, with a strong economy and mortgage rates at ...

According to a study done by the National Association of Realtors’ Chief Economist, with a strong economy and mortgage rates at their all-time low, the timing is indeed ideal for those who want to enter into homeownership and for those looking to move on to their next home.



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source https://www.facebook.com/144955392775178/posts/776602079610503/

Tighter Rules May Hurt Condo Lending in Vacation Areas

If you’re having a problem getting a loan on a vacation property, I can put you in contact with lenders that are still lending despite the tighter rules.


Fannie and Freddie will no longer fund condo loans in high-rent vacation areas. Bankers say entire complexes, even with few rentals, may be ineligible for financing.

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source https://www.floridarealtors.org/news-media/news-articles/2021/01/tighter-rules-may-hurt-condo-lending-vacation-areas

Have you been looking for a home only to find it’s already off the market before you can make an offer? Call a trusted real esta...

Have you been looking for a home only to find it’s already off the market before you can make an offer? Call a trusted real estate expert that can help you rise to the top along the way. 🙋🏼‍♀️🙋🏼‍♀️🙋🏼‍♀️

5 Tips For Homebuyers Who Want To Make A Competitive Offer👇🏼👇🏼

✅ Listen to Your Real Estate Agent. Home buying is an emotional process. A trusted professional can help you stay focused on the most important things.
✅ Understand Your Finances. Get preapproved for a mortgage loan.
✅ Be Ready to Move Quickly. Homes are flying off the market.
✅ Make a Fair Offer. Everyone wants a good deal but most houses are receiving multiple offers because home inventory is low. Your trusted realtor will help you make an informed offer based on the market value of the home.
✅ Be a Flexible Negotiator. Your position can be strengthened with an offer that includes flexible move-in dates, a higher price, or minimal contingencies.



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source https://www.facebook.com/144955392775178/posts/774223159848395/

New Year, New Record-Low Mortgage Rate: 2.65%

Mortgage rates were on a decline in 2020. This year we start off with a record low of 2.65%. The 30-year, fixed-rate is down from last week’s 2.67% and last year’s 3.64%.


The pandemic pushed mortgage rates lower in 2020 and kept doing so this first week of 2021. The 30-year, fixed-rate is down from last week’s 2.67% and last year’s 3.64%.

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source http://newsletter.floridarealtors.org/rd/9z2zu6rnmvh4dro5ho6q3gjcmlabpm2n77k2uh7ung0_rp22sh2s8i66p30c1ieepj6cph2bs

7 Home Upgrades to Transform Your Space Without Remodeling - Redfin

Making smaller upgrades can be much more cost-efficient. Consider these 7 home upgrades that help breathe new life into your home.


Major remodeling can sometimes be expensive and time consuming. Consider these 7 home upgrades that can help breathe new life into your home.

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source https://www.redfin.com/blog/home-upgrades-to-transform-your-space/

Experts project an optimistic year for the 2021 housing market. With mortgage rates forecasted to remain low, high buyer demand...

Experts project an optimistic year for the 2021 housing market. With mortgage rates forecasted to remain low, high buyer demand is expected to fuel more home sales and continue to increase home prices.



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source https://www.facebook.com/144955392775178/posts/771123326825045/

Downtown Improvement Board may look to events to help downtown grow

Pensacola’s Downtown Improvement Board is looking to add more outdoor events in a safe, clean manner with social distancing in mind to help the local economy. Good News!! 😃👍🏻


"We're not looking at cramming a bunch of people into a building and trying to have an event. I don't think you'd see us try and do something like that."

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source https://www.pnj.com/story/news/local/2020/12/31/pensacola-downtown-improvement-board-may-look-events-help-area-recover-grow/4085767001/

How Remote Work Can Power Your Vacation Home Sale | Pensacola, Gulf Breeze, Pensacola Beach Real Estate :: Levin Rinke Realty

Demand is on the rise, so let’s discuss your next steps when it comes to selling your vacation home!


This year, the opportunity to work remotely has increased the demand for vacation homes. Gay Cororaton, Senior Economist and Director of Housing and Commercial Research at the National Association of Realtors (NAR), notes: “Working from home is a positive factor in demand for vacation homes.

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source https://www.levinrinkerealty.com/blog/how-remote-work-can-power-your-vacation-home-sale/

High competition among fast-moving buyers is leading to rising home prices. Work with an expert when you're ready to move!

High competition among fast-moving buyers is leading to rising home prices. Work with an expert when you're ready to move!

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source https://www.facebook.com/144955392775178/posts/769656953638349/

Your House May Be High on the Buyer Wish List This Holiday Season | Keeping Current Matters

More than ever, this may be the year it makes the most sense to list your house. Reach out and let’s determine if selling now is your best move!


Around this time each year, many homeowners decide to wait until after the holidays to sell their houses.

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source https://www.keepingcurrentmatters.com/2020/11/25/your-house-may-be-high-on-the-buyer-wish-list-this-holiday-season/