Jacksonville Real Estate Market

Jacksonville, Florida

Unexpected Cities See More Homes Go Back to the Bank

Foreclosure “actions” in Q3, which include anything from default notices to bank repossessions, rose in 65 percent of the nation’s top 200 housing markets.

Builders Hit by Loan Put-Backs

In all the headlines screaming about the big banks and their messy foreclosure practices, we may have overlooked another set of players in the scandal: Home Builders.

Why Home Price Reports Are Irrelevant

With distressed properties running at 35 percent of all sales and foreclosures being more than 2/3 of those, the foreclosure freeze will negate a huge portion of the current data in the coming months.

Existing Home Sales: Read Between the Numbers

Noise. There’s an awful lot of it in today’s report on September existing home sales from the National Association of Realtors. Even the markets could hear the noise, as they didn’t react all that much to the 10 percent jump in sales that completely be…

Housing’s Worst Case

Yesterday the regulator for Fannie Mae and Freddie Mac put out a forecast of how much the two mortgage giants would cost taxpayers through 2013…After the news hit, there was much consternation at the Treasury Department because many news outlets went…

Housing’s Worst Case

Yesterday the regulator for Fannie Mae and Freddie Mac put out a forecast of how much the two mortgage giants would cost taxpayers through 2013…After the news hit, there was much consternation at the Treasury Department because many news outlets went…

Fannie/Freddie Bailout Could Total $363 Billion

So out of the blue this morning I get a bill for anywhere from $221 billion to $363 billion; it wasn’t addressed to me alone, but as a taxpayer I tend to take these things very personally.

Administration Shifts Focus on Foreclosure-Gate

As I suspected would happen, the Obama administration is changing the foreclosure conversation.

Is Foreclosure-Gate Over?

The big banks seem to be taking a legal stand, and trust me, they have plenty of high-priced lawyers telling them what they can and can’t stand on.

Do Foreclosure Freezes Benefit Builders?

The builders say they are starting to see some “flickers of interest among potential buyers.” They also note that most builders have no access to capital for building homes, and therefore won’t be able to meet the pent-up demand.

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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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