Thank you to everyone who came to the open house and official launch of The Preserve at Regatta Bay Golf & Yacht Club!
Thank you to everyone who came to the open house and official launch of The Preserve at Regatta Bay Golf & Yacht Club! Congratulations to our raffle winners who won some restaurant gift cards and a brand new Apple watch! Please contact Lindsey Lynch to claim your prize! We would also like to congratulate Royce Mitchell’s Emerald Coast - Destin 30A Real Estate office for winning the $200 luncheon!
The sluggishness of 2017 is about to end as consumers see residential real estate as a solid investment once again.
Housing was the epicenter of the last recession. From the peak in 2005 to the end of the contraction in mid-2009, U.S. residential investment declined at an unprecedented rate of about 20 percent a year. In normal business cycles, sectors that overshoot to the downside tend to rebound sharply. Given the significant oversupply of homes and tightening of credit, housing enjoyed no such recovery. Residential investment was essentially flat for almost two years after the recession ended. Since then, a slow recovery has been underway and we suspect the housing market will pick up in the year ahead.