You are currently browsing the Panama City CondoSaleTrends.com blog archives for January, 2009.
Investment Analysis Template Sample
Investment Analysis Template Download
Panama City Beach Condo Market 2007
From
January 2008
Panama City Beach Condo Prices Decline in 2007
Panama City Beach condo sale prices declined 10-12 percent in 2007 after a 10-15 percent decline in 2006 (see chart below). New issues have entered the markets that will exert downward pressure on existing condo sale prices during 2008.
New FNMA Condo Guidelines May Have Chilling
Effect on Panama City Beach Condo Sales
From www.condosaletrends.com
January 11, 2009
FNMA released new condo eligibility guidelines for mortgages acceptable to be purchased by FNMA in Announcement 08-34 (www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0834.pdf). These new guidelines are directed specifically toward condominiums located in Florida. The guidelines specify particular situations that place additional restrictions on condominium mortgages that FNMA will purchase in the secondary market. The new guidelines have an effective date of January 15, 2009.