Mark Hoeft ~ 850-525-2765 ~ ~ The Florida Coast Realty Pensacola

Welcome to; I would like to introduce myself, my name is Mark Hoeft I am a Florida Real Estate Broker & Owner of The Florida Coast Realty Pensacola LLC in Pensacola, Pensacola Beach, & Gulf Breeze Florida, I also the proud owner of The Florida Coast Realty West Palm & The Florida Coast Realty Destin Florida. It would be my honor to help you find your slice of Florida's beautiful Emerald Coast that you've been searching for. Whether you are looking for your primary home, a second home, or investment property for your Real Estate portfolio on Florida's beautiful Gulf Coast. I specializing in Beach Homes, Condos, and Townhouses. I use my 20 years of knowledge and dedication to hard work to make your real estate transaction as smooth as possible. I've become a leader in buying and selling Pensacola Real Estate, Scenic Gulf Breeze Homes, and Pensacola Beach Condos & Homes. I pride myself in my professionalism and expertise. I've closed over 350 real estate transactions and have totaled more than $40,000,000.00 in sales during the past 20 years.

Advice of the DaY

Fickle drops sprinkle crops.


Sandro Botticelli (artist; works include the painting Birth of Venus”“) – 1510
John Jay (first Chief Justice of the U.S.) – 1829
John Deere (American manufacturer) – 1886
Lawrence Welk (musician) – 1992
Joe Black (baseball player) – 2002
Tony Randall – 2004
Frank Gorshin – 2005
Donna Summer (singer; Queen of Disco”“) – 2012

Specializing in Pensacola Florida luxury homes & Pensacola Beach Florida luxury condo for 

buyers &  Sellers


Edward Jenner (physician) – 1749
Maureen O'Sullivan (actress) – 1911
Dennis Hopper (actor) – 1936
Bill Paxton (actor) – 1955
Sugar Ray Leonard (boxer) – 1956
Bob Saget (actor & comedian) – 1956
Enya (New Age singer) – 1961
Craig Ferguson (actor & television host) – 1962
Tony Parker (basketball player) – 1982

Mark Hoeft Broker/Owner

Higher Rates Creating a Larger Housing Supply

By Alex Veiga

Buyers have a wider selection of homes to choose from today than a year ago, but rising mortgage rates remain a hurdle for many.

LOS ANGELES — Mortgage rates have been mostly ticking higher lately, but it’s not all bad news for home shoppers.

Homebuyers have a wider selection of homes to choose from now than they had at this time last year, a trend that could help lead to more sales in a market still constrained by a thin inventory of properties.

In the first four months of this year, active listings — a tally that encompasses all homes on the market except those pending a finalized sale — were the highest since 2020, according to

The most recent monthly snapshot showed 734,318 homes on the market in April. That’s 30.4% up from the same month last year. New listings, meanwhile, jumped 12.2%.

Some of the increase is seasonal, with more homes typically going on the market just before and during the spring homebuying season.

The pickup in inventory is good news for the housing market, which has been in a slump for two years, partly due to a shortage of homes for sale.

However, the inventory of available homes remains well below the pre-pandemic era. In April 2019 there were roughly 1.1 million homes on the market, or over 400,000 more than last month.

Many factors have contributed to this chronic shortage of homes for sale, including more than a decade of below-average new home construction and demographic trends that have led to homeowners hanging on to their properties longer. The large gap between current mortgage rates and where they were just a couple of years ago has also discouraged many homeowners who locked in rock-bottom rates then from selling.

While home shoppers have more listings to choose from, high mortgage rates remain a hurdle for many.

After climbing to a 23-year high of 7.79% in October, the average rate on a 30-year mortgage stayed below 7% this year until last month, according to Freddie Mac. The average rate has been hovering slightly above that threshold since. When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers, limiting how much homebuyers can afford.

“If mortgage rates remain elevated over the next few months, the housing market may see a return to the holding pattern of scarce inventory, as we’ve seen over the past few years,” economists wrote in a recent report. “For buyers, that could mean fewer opportunities for finding their ideal home as summer approaches.”

friDAY, may 17, 2024

PENSACOLA Beach Condo Sales

Pensacola Home Buyers

Gulf Breeze Homes for Sale


Joliet-Marquette Mississippi River expedition began– 1673
The New York Stock Exchange established at Merchants Coffee House, New York City– 1792
Fire began that destroyed part of St. Louis, Missouri– 1849
First Kentucky Derby held– 1875
District of Alaska created– 1884
Clifton Fadiman hosted the NBC Blue network quiz show Information Please– 1938
First coin-operated mailbox, the Mailomat, installed– 1939
First U.S. cross-country helicopter flight ended– 1942
Massachusetts became the first state to process marriage licenses for gay and lesbian couples– 2004
Peter Phillips, son of British Princess Anne, wed Canadian Autumn Kelly– 2008
Allan Ganz honored for 67-year career (and counting) as ice-cream man– 2014® February Rental Report: Renting Now Beats Buying in All of the Largest U.S. Metros

SANTA CLARA, Calif., March 26, 2024  /PRNewswire/ -- Elevated mortgage interest rates, still-high home prices and falling rents have made it more affordable to rent than buy in all of the top 50 U.S. metros, according to the® Rental Report released today. In February, the mortgage payment on a starter home in the largest metros cost $1,027 (+60.1%) more than the monthly rent in those markets, on average. At the same time last year, 45 metros favored renting.

The top 10 metros with the largest rent versus buy savings (see below for top 50 metros):
1.    Austin-Round Rock-Georgetown, Texas – $2,165 monthly rent savings (141.5% difference)
2.    Seattle-Tacoma-Bellevue, Wash. – $2,422 (121.1%)
3.    Phoenix-Mesa-Chandler, Ariz. – $1,528 (99.0%)
4.    San Francisco-Oakland-Berkeley, Calif. – $2,689 (95.5%)
5.    Los Angeles-Long Beach-Anaheim, Calif. – $2,539 (89.7%)
6.    San Jose-Sunnyvale-Santa Clara, Calif. – $2,780 (86.7%)
7.    Nashville-Davidson-Murfreesboro-Franklin, Tenn. – $1,366 (86.0%)
8.    Portland-Vancouver-Hillsboro, Ore. Wash. – $1,396 (84.4%)
9.    Sacramento-Roseville-Folsom, Calif.  –  $1,514 (82.1%)
10.  Houston-The Woodlands-Sugar Land, Texas – $1,103 (80.0%)

"With rents continuing to fall and the cost of buying a home remaining high, exacerbated by the rise in mortgage rates in the later half of 2023, renting a home is now a more cost-effective option in all major U.S. markets," said Danielle Hale, Chief Economist at®. "Deciding whether to rent or buy often goes beyond a financial advantage though, and likely depends on a consumer's circumstances. Renters often prize flexibility while the biggest reasons homebuyers cite are that they want a place of their own and to be closer to family and friends. The financial scales have tipped monthly costs in favor of renting over buying, but it does not bring the benefit of housing wealth gains over time that owning does and movers should consider their long-term housing plans and personal situation as they make this decision."

The overall advantage of renting continues to grow in most markets
In February, the cost of buying a starter home in the top 50 metros was $1,027 (60.1%) higher than renting one; comparatively, the cost to buy was $865 higher than renting in February 2023 – a $162 higher monthly savings from renting compared to the prior year. The savings are mostly driven by declining rent prices and higher buying costs, especially interest rates – the 30-year fixed mortgage rate remained elevated at 6.78% in February 2024 compared to 6.26% 12 months ago. 

The advantages of renting have become more pronounced across the top metros. Looking specifically at the top 10 metros that favor renting over buying, the average monthly costs for buying a starter home were $1,950 (95.6%) higher than rents – nearly double the cost. Those metros are mostly markets with a higher concentration of tech workers and high earners, where both the average rent and buy costs are higher than the national average.

Renting beats buying in all major metros, especially in south and west; five metros flip from last year
In February, median rents fell across all unit sizes. Despite seven months of annual rent declines, median rents are still $252 (17.3%) higher than the same time in 2020, before the onset of the pandemic. Last February, 45 metros favored renting, but over the past 12 months Memphis, Tenn, Birmingham, Ala., Pittsburgh, St. Louis and Baltimore metros flipped from favoring buying to favoring renting. Four out of five of those markets were among the top markets seeing a high share of investor activity, which may have accelerated the growth of home prices there and increased the overall costs of buying a home, tilting those markets further toward favoring renting over buying.

Austin, Texas, where the monthly cost of buying a starter home was $3,695 – 141.5% more than the monthly rent of $1,530, for a monthly savings of $2,165 – topped the list of markets most favoring renting. Other top markets favoring renting over buying were Seattle, Phoenix, San Francisco and Los Angeles. Metros with diminishing rental advantages were San Jose, Calif.; Dallas; San Francisco; Columbus, Ohio; Miami; and Minneapolis.

Rental data as of February 2024 for studio, 1-bedroom, or 2-bedroom units advertised as for-rent on®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within the top 50 largest metropolitan areas.® began publishing regular monthly rental trends reports in October 2020 with data history stretching back to March 2019.

The monthly cost of buying a home was calculated by averaging the median listing prices of studio, 1-bed, and 2-bed homes, weighted by the number of listings, in each housing market. Monthly buying costs assume a 8% down payment, with a mortgage rate of 6.78%, and include taxes, insurance and HOA fees.

With the release of its January 2024 rent report,® incorporated a new and improved methodology for capturing and reporting more comprehensive rental listing trends and metrics. The new methodology is expected to yield a cleaner, more representative and more consistent measurement of rental listings and trends at both the national and local level. The methodology has been adjusted to better represent the true cost of primary housing for renters. Most areas across the country will see minor changes with a smaller handful of areas seeing larger updates. As a result of these changes, the rental data released since January 2024 will not be directly comparable with previous releases and® economics blog posts. However, future data releases, including historical data, will consistently apply the new methodology.