Jacksonville Real Estate Market

Jacksonville, Florida

Home Builders May Be Faring Better Than We Think

Last week’s revelation that realtors had been overestimating the number of existing home sales in 2010 was certainly a bombshell to those of us who cover housing, but it didn’t really affect investors. But here’s a new one that could affect how you sto…

Will Banks Be Forced to Reduce Loan Principal?

I’m reporting today from a Wells Fargo two-day mortgage modification event in Portland, OR. This is the 20th such event WFC has held since September of 2009, meeting face to face with over 19,000 borrowers.

Realtors Seek Data Help

It wasn’t at all what I expected. With accusations over the weekend by various journalists that the Realtors have been overestimating existing home sales numbers, I was ready for a full-court PR press at this morning’s monthly sales report lockup. Not …

New Doubts Over Housing Data

Why do all these numbers matter in the real world of Sunday open houses and local market closings? Because sales and inventories drive prices and they drive expectations…the latter, perhaps, more important in the current market where consumer confide…

Mortgage Delinquencies Turn a Corner

Fewer Americans are falling behind on their mortgage payments; in fact, the fewest in two years. Mortgages just one payment past due (30 days) fell to their lowest level since just before the recession began.

It May Be Time to Believe in Housing Again

As the economy improves, and consumers start to feel better about their personal finances, they are starting to think about investing in their homes again.

Foreclosure Sales Rise Dramatically in Key States

ForeclosureRadar.com shows that foreclosure sales jumped dramatically in January from the previous month in some crucial states. In California, bank repossessions jumped 51.5 percent, in Arizona 56.2 percent, in Nevada up 36.8 percent.

A Caution for the Raging Apartment Sector

It seems all this help for the housing market may impact negatively the one area of housing that’s actually doing well right now, the apartment sector.

Fannie/Freddie Reform: Reaction Redux

I’m still waiting for the keynote from Alan Greenspan, the formed chairman of the Federal Reserve, who presided during much of the headiness in the housing boom, but here are just a few of the comments that have gone out this morning from industry, ana…

Fannie and Freddie Finally on the Block

The Obama administration finally released it’s “white paper” on how to eventually wind down Fannie Mae and Freddie Mac. Really no surprises. They offer three scenarios and don’t throw their weight behind any one in particular.

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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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