Archives for May 2022

Padre Island Housing Data – April 2022

May 26, 2022 By

America’s home buying binge seems to be coming to an end. Our specific area, Padre Island, is still hot for relocations & second homes, but we are starting to sense a shift and data is beginning to support this sense.

Home sales have tumbled for the third month. Cash buyers are beginning to be fewer and disappearing. Even though mortgage rates eased this past week many buyers are pulling back from the housing market. The stock market is scaring people. Where is our economy going?

Before long, and we’ve seen this before, there will come a time when buyers and sellers are not knocking down a sellers door. Many of we real estate brokerages are beginning to prepare for the upcoming market changes. Our real estate inventory is beginning to rise, ever so slightly, and fewer sold/closings.

We’ve been here before…..get prepared.

Cheri Sperling is the owner of Coastline Properties with a dedicated team of agents specializing in residential listings, sales, and property management in the Padre Island real estate market. Coastline’s team is the most knowledgeable real estate office on Padre Island. No pressure style, patience, and an intimate understanding of the local market. They go to work for you!

 

Padre Island April 2022 Data (Click Pic below for Larger Image)

padre-island-housing-report-april-2022

Filed Under: buying a home, Corpus Christ Real Estate Data, Investment Property, Mortgages, New Homes Padre Island, port aransas, property taxes, realtors, selling a home, windstorm insurance

Crypto Crimes on the Rise!

May 15, 2022 By

Cryptocurrency scams climbed to second riskiest in 2021, according to BBB report

Online purchase scams remain #1 riskiest

Scams related to cryptocurrency jumped from the seventh riskiest scam in 2020 to second riskiest in 2021. Although cryptocurrency scams made up only 1.9% of the scams reported to BBB Scam TrackerSM in 2021, according to the Better Business Bureau, the average reported median dollar loss reported for these scams was $1,200, much higher than the overall median dollar loss of $169 for all scam types.

Online purchase scams maintained the top spot as the riskiest; this scam type made up 37.4% of all scams reported to BBB Scam Tracker in 2021, with 74.9% reporting a monetary loss. Employment scams dropped in 2021, from second riskiest to third. The susceptibility and median dollar loss of this scam type dropped slightly, while the number of reported scams increased from 7.1% in 2020 to 7.8% in 2021.

“Scammers shift their tactics constantly and appear to have expanded their use of cryptocurrency to perpetrate fraud,” said Melissa Lanning Trumpower, executive director of the BBB Institute for Marketplace Trust, which produced the 2021 BBB Scam Tracker Risk Report. “Cryptocurrency scams were riskier in 2021 with 66% of those targeted by this scam type losing money and a reported median dollar loss of $1,200. Scammers are using social media and other means to promise investment opportunities with great returns and low risks, which is a huge red flag. We received many reports of people being targeted on a variety of social media platforms after their friends’ accounts were hacked.”

While susceptibility (the percentage of people who lose money when targeted by a scam) decreased in 2021, median dollar loss rose 47.0%. Credit cards remained the highest reported payment method with a monetary loss, followed by online payment systems. Payment made via cryptocurrency that resulted in a monetary loss more than doubled from 2020. The payment methods with the highest median dollar loss were wire transfer ($1,450), cryptocurrency ($1,200), check ($900), and prepaid card ($700).

With regard to age, online purchase scams were the riskiest for all age groups in 2021. Cryptocurrency scams were the second riskiest for ages 25–64. Employment scams were second riskiest and third riskiest across several age brackets. Interestingly, investment scams were third riskiest for ages 18–24 for the first time since BBB began publishing the risk report. The rise of cryptocurrency scams as the second riskiest overall in 2021 may play a role in the rise of investment scams for this age group.

More than 44% reported losing confidence or peace of mind because of the emotional impact of being targeted by a scam and about 35% reported losing personal information. About the same percentage of people (55.5%) reported losing time as reported losing money after being targeted by a scam.

“Time is money, and our survey results reflected this,” Trumpower explained. “We can’t ignore the fact that there are many other non-financial impacts of being targeted by a scam.”

For more highlights from the 2021 BBB Scam Tracker Risk Report, visit BBBMarketplaceTrust.org/RiskReport.

Filed Under: chamber of commerce, Charities, cybersecurity, home maintenance, property taxes, Todd Hunter

Media Advisor – Mayor Proclamation National Small Business Week

May 2, 2022 By

Media Advisory

WHAT:

Mayoral proclamation establishing the annual recognition of National Small Business Week in the City of Corpus Christi from May 2 thru May 6.

WHY:

America’s 30 million small businesses support our economy by representing half of all private sector jobs, payroll and output in the United States. Additionally, a diversity in leadership, vision, experience and perspectives is demonstrated by 30% of small businesses being women-owned, 29% being minority-owned and nearly 10% being veteran-owned.

WHO:   

Corpus Christi Mayor Paulette Guajardo

United Corpus Christi Chamber of Commerce President and CEO John LaRue

Better Business Bureau Regional Director Katie Galan

WHERE:

United Corpus Christi Chamber of Commerce, 602 N. Staples Street, Third Floor Board Room, Corpus Christi, Texas 78401.

WHEN:

Mayor Guajardo is expected to begin the proclamation at 9:30 a.m. on May 6, 2022.

Filed Under: Better Business Bureau, chamber of commerce, Charities, corpus christi jobs, Corpus Christi Schools, cybersecurity, home maintenance, Park Road 22 Proposed Bridge, property taxes