Jacksonville Real Estate Market

Jacksonville, Florida

The Foreclosure Dump

Today’s report from RealtyTrac serves as a warning to big banks, Fannie, Freddie and local communities; The foreclosure glut is coming, and they’d better be ready to get rid of that glut in a big way.

Commercial Real Estate Rallies

Forgive me for being ever so slightly optimistic two days in a row, but we’re getting some improving numbers on the commercial real estate market, and it’s worth noting.

Time to Dip a Toe in Housing?

I’ve said it before, and I’ll say it again: In housing, prices lag sales, on the way up and on the way down. Recently we’ve been getting a lot of bullish news on home sales, with both pending and existing home sales up toward the end of the year and ex…

Pension Funds Threaten Big Banks Over Foreclosures

Mortgage, housing and banking analysts took the weekend to pontificate on the ramifications of last Friday’s decision by Massachusetts’ highest court to void two foreclosures due to improper paperwork. A coalition of state pension funds took a differen…

Play a Troubled Borrower — In a Movie

This week mortgage giant Fannie Mae launched a new interactive web tool designed to educate troubled borrowers “about their options to avoid foreclosure and motivating them to take action and seek help in 20011,” according to the press release.

One Bright Spark in US Housing — Apartments

If there is an upside to the downturn in U.S. housing, it is the recovery of the commercial multi-family market. Apartments are in vogue again, now that home ownership is less than palatable for some and out of reach for so many others.

Treasury Drops Short Sale Requirements

A recent report from the folks who oversee the TARP said that the Treasury has spent just $4.3 million on the Home Affordable Foreclosure Alternative Program for 661 short sales. So Treasury, last week, decided to change the rules a bit.

Mortgage Market Underestimating Defaults

Analysts at Amherst Mortgage Securities recently argued that without more governmental intervention, 11.5 million borrowers would be in danger of losing their homes, their premise is the mortgage market is underestimating defaults.

Furnished Rental NEW In Jacksonville

White Collar Rentals opened the door to it’s newest furnished rental located in Jacksonville’s Southside business district.  This may be the most cosmopolitan inspired corporate sublet they have ever presented. This is a one bedroom condo nestled in a park like setting that comes complete with all linens, full sized kitchen, washer/dryer, cable tv’s, high […]

Bank of America’s New Year’s Detox

I can’t decide if it’s more like a full-body detox or somehow akin to a new year’s resolution —the part where you recognize what’s wrong in your life and try to fix it, no matter how painful, or, in this case, expensive it may be.

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