Welcome to my monthly real estate snap-shot! I try to keep it simple, to the point and short because I know you won’t read it otherwise. As an interested buyer in our market it’s important that you understand the market dynamics so here we go.
With the world economy swinging all directions, and not always good directions; threat of trade wars, stock market volatility, odd bond market with rising interest rates, it’s a breath of fresh air to see one market that continues a steady path upwards; real estate on 30A, Destin and Miramar Beach. Our real estate market continues to impress and prove that this is not only an attractive location to own property but one many with disposable income consider a relatively safe haven to park their funds. And why not? Most buyers here pay cash or finance simply to take advantage of low interest rates and would be in no threat of losing the property if real estate started a downward trend at some point. Owners can absorb costs with substantial rental income and enjoy the many tax write-offs of an investment property. Compared to risky stocks, real estate, and especially this market, is a great bet and by the way it’s an investment you can actually use and enjoy unlike a stock, bond, precious metal or even Bitcoin.
As you can see, our markets continue their upward trend and I see no reason this should not continue in the foreseeable future with worst case scenario being a slow down at some point which is to be expected with any asset class that has been moving upwards for a few years running. Slowing, yes, maybe, crash no. There is no technical rhyme or reason for it.
Feel free to check out your favorite neighborhood or area below in detail and contact me any time with questions.