Welcome to Your Destin Real Estate, your source for Destin real estate. If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.

In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in Destin with my New Listings Notification. 

Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction.

In addition, if you have any general questions about buying or selling real estate in Florida, please contact me as I'm more than willing to help. 

Please browse my website for listings, reports and important local real estate information.

Sincerely,

Mark DeSalvo
Newman-Dailey Resort Properties, Inc.

February 18 2011 The Economy is Embarking on Period of Expansion, According to Fannie Mae’s Economic & Mortgage Market Analysis Group.

Continued improvements in economic activity driven by strong growth in consumer spending are moving the economy beyond the recovery phase and into a period of expansion, according to the February 2011 Economic Outlook released by Fannie Mae’s Economics & Mortgage Market Analysis Group. For 2011, economic growth is projected to accelerate to 3.7%, up from 2.8% economic growth in 2010.

Housing has yet to see robust movement and continues to lag the rest of the economy, according to the group. On the upside, the excess supply of housing appears to have peaked. In addition, the rental vacancy rate fell, indicating the excess supply of housing is being worked off slowly—a trend necessary for housing to return to stability. The downward trend in the rental vacancy rate is consistent with the downward trend in the homeownership rate, which implies a rising share of households have chosen renting over owning. The homeownership rate fell to 66.5% in the fourth quarter of 2010, down from a peak of 69.2% in late 2004.

Foreclosure Activity Declines in First Half of 2010
Foreclosure filings — including default notices, auction sale notices and bank repossessions — dropped 5 percent in the first half of 2010 compared to the previous six months, but rose 8 percent compared to the first six months of 2009.For the month of June, foreclosures declined 3 percent from the previous month and 7 percent from a year ago. June marks the third straight monthly decline in foreclosure activity.