Bay County Market Comments for Lynn Haven, Panama City, Panama City Beach

New Jobs for Tyndall on the Horizon

In a presentation to the Bay County Chamber of Commerce last Friday, the Brig. general of Tyndall Air Force Base announced that up to 1,000 new personnel will be coming to Panama City; bringing with it a new F-22 fighter squadron.

This is welcomed news as this will likely create some civilian jobs as well. As I have stated in the past, the local unemployment issues continue to hamper our local housing market. Of course, with the high rate of unemployment, REO and short sale activity continues to impact the Bay County and Panama City marketplace.