Jacksonville Real Estate Market

Jacksonville, Florida

Banks Hold Off On Foreclosure Notices

I’m sure you’ve all seen the headlines from RealtyTrac today that show a new record for bank repossessions. In some of the news reports today, I’ve also heard anchors make mention of some bright news in the report, that Notices of Defaults are down 30 …

Home Price Double Dip Begins

Given the combination of the expiration of the home buyer tax credit and the increasing number of loans moving to final foreclosure, we knew that home prices overall would take a hit, but it would take a while. Well we’re here.

REITS on a Roll

It sounds counter-intuitive; as we continue to report all sorts of problems in the commercial real estate market, not the least of which is rising defaults in commercial mortgage-backed securities, real estate investment trusts, many of which invest in…

Sunday Open House: Monday Morning Quarterback

I haven’t done the open house story in a while, but I couldn’t help but notice the slew of ads in yesterday’s paper touting “New Listing!” and “New Price!” August is pretty much the dead season in real estate and the weekend after Labor Day traditional…

Home Ownership: Do You Really Need Skin in the Game?

The government is trying to stem the tide of mortgage walkaways by creating programs that force lenders to give borrowers back home equity — and despite the small credit hit to the borrower, that’s free equity.

FHA Commissioner: GSE’s Considering Principal Forgiveness in Short Refi’s

Let the principal reduction begin.  The new FHA “Short Refi” program, announced earlier this year, went into operation yesterday. It allows borrowers who are current on their mortgages now to refinance into FHA-backed loans, if and only if their lende…

Federal Housing Stimulus: How Much More?

New reports are rolling around Wall Street and Washington today that the Obama Administration is considering yet another economic stimulus package; this round would be for small businesses. This comes just one week after increased chatter about more go…

Taxpayers Footing Bill for Tiger’s New Mansion?

I don’t have it on my authority, but it is being reported widely and wildly that newly divorced Tiger Woods took out a $54.5 million mortgage on his Jupiter Island, Florida estate where he is currently building a mansion.

Corporate Rental Sublet in Jacksonville Florida

Just put on the market, this totally refurbished, one bedroom, fully furnished condo located in Jacksonville, Florida’s desired “business district” ( the Southside ), is ready for occupancy. This is an upscale, ground floor sublet that overlooks the lake. That lake has plenty of water fowl and fountains. The re design of this corporate rental […]

The Home Traffic Report: This One’s Ours

Anyone who reads this blog on a regular basis knows that one of my biggest frustrations in covering the housing market is the never-ending, always constant stream of reports. They are often conflicting, usually based on different time frames and almost…

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This web site is dedicated to providing valuable information related to the Jacksonville, Florida real estate market and the real esate industry as it impacts the buying, selling, and renting of homes and condos.

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