Editing Panama City Beach, Florida (section)

==History==
===Real estate boom===
A construction boom in the early to mid-2000s changed the image of the area due to the older homes and motels being replaced with high-rise condominiums and more expansive homes. However, this is turning unobstructed, low-rise beach views and affordable waterfront property into rarities. At the peak of the real estate boom, many beachfront properties had quadrupled or more in value since 2000. In November 2006 CNN/Money named Panama City Beach the No. 1 real estate market in America for the next five years in.<ref>[https://money.cnn.com/popups/2006/biz2/newrules_bestinvest/index.html Top 10 cities: Where to buy now] ''money.cnn.com''</ref>

Beachfront property has sold for upwards of $60,000 per "front foot" (linear foot) at the top of the market. The downturn in the U.S. real estate market in 2007, combined with a surge of new condo construction, brought spiraling prices somewhat under control. With the real estate boom, Panama City Beach became a well known destination for spring break.<ref>[http://realtytimes.com/rtmcrloc/Florida~Panama_City_Beach Panama City Beach, Florida Real Estate Market Conditions] ''realtytimes.com''</ref>

[[Category 5 hurricane|Category 5]] [[Hurricane Michael]] made landfall near [[Mexico Beach, Florida|Mexico Beach]] in [[Bay County, Florida|Bay County]] on October 10, 2018, becoming one of the strongest and most-destructive hurricanes in American history as it destroyed a large part of the county, including many structures in Mexico Beach and Panama City.<ref>{{Cite web|url=https://www.foxnews.com/us/hurricane-michael-devastation-in-panama-city-florida-seen-in-drone-video-photos|title=Hurricane Michael devastation in Panama City, Florida seen in drone video, photos|last=Fedschun|first=Travis|date=October 11, 2018|website=Fox News|language=en-US|access-date=2019-03-17}}</ref><ref>{{Cite web|url=https://www.floridatoday.com/story/weather/hurricanes/2018/10/10/hurricane-michael-devastates-panama-city/1595842002/|title=In a harrowing two hours, Hurricane Michael devastates Panama City|website=Florida Today|language=en|access-date=2019-03-17}}</ref>
An EF-0 tornado did minor damage to the northwest part of Panama City Beach, Florida on February 15.