Florida Panhandle real estate: Path to Authenticity, Thriving Community, & Opportunities, 30A

Whit Jerkins is a Florida realtor located off the Gulf coast in a phenomenal area along the 30A highway where most people refer it as 30A where there are beautiful beach towns, the epitome of upscale living. Prior to being an agent, Whit was a short-term vacation rental expert so he will be able to provide us a ton of value on building wealth through rental properties.

Discover what investing is like in 30A and the returns on investment along with what to expect when vacationing in paradise!

#30a #coastaldunelakes #fullcountpodcast

Current Events covered-

Fed is supposed to provide price stability/inflation and maintain sustainable employment levels. Their rates influence short term interest rates but they also buy/sell treasuries and MBS. Recently the Fed chairman said, "The American economy remains strong, and Treasury securities are the world’s pre-eminent safe and liquid asset." He said this after the Fed stopped raising rates in November. Markets are convinced it's done hiking and speculate he will cut rates next year. Currently Fed funds rates at a 22 year high!

o Mortgage rates will not go back to 3% – we’ll be lucky if we get back to 5,” per NAR chief economist Lawrence Yun.
o Mortgage apps have gone up 2.8% over the last week. Slow recovery according to Redfin economist and thinks rates have likely peaked.
o Redfin Chief economist mentioned Nepo homebuyers due to affordability so they rely on family for help on the down. Don’t have enough to put money down, you’ll have a high monthly payment. Cash gifts are huge advantages.40% under 30 receive gifts or inheritance.
o New Zillow forecast has a sharp down revision. Lance Lambert tweeted- predicts US prices, measured by ZHVI, will fall -0.1% over the next 12 months. It was only 3 months ago, Zillow issued a bold 6.5% call.
o Orange- inventory up 1.1% in oct but year to yeara down -35.5%; SD 8.6% and year ago still down -31%, Los angeles +7% and yr ago-19%. Miami-Dade county up 7.3% and year ago still up 2.5%
o Moodys went negative. National fiscal strength in the government has fallen due to all the debt so they expect Congress not to be able to do anything until 2025. Down grade for next 18-24 months

Whit's contact info:
Mobile: 850-974-4140
whit.jerkins@gmail.com

Drone footage from Sierra Jerkins