Jacksonville Real Estate Market

Jacksonville, Florida

Struggling to Make a House Call on Confidence

Today’s report on consumer confidence, or the striking lack of it, is yet another sign that housing is going to be in a very sticky state for a while. It’s hard to say whether housing is weighing on confidence or lack of confidence is weighing on housi…

Foreclosure Effects Are Everywhere

Every time we get the monthly foreclosure numbers from RealtyTrac, I hear someone on TV say, ‘Well, the problem is really only concentrated in a handful of states.” Yes, the volumes are, the problems are not.

Foreigners Make Run on US Housing Market

Falling home prices may be plaguing the US economy, but they are candy to foreign investors, who already have a weak dollar on their side. Buyers from overseas spent roughly $41 billion on US residential real estate last year, a bump up from the previo…

New Push to Unload Bank-Owned Properties Squeezes Out Investors

As big banks and Fannie Mae and Freddie Mac spacer push foreclosures through the pipeline, the inventory of REO (bank-owned) properties is rising. That pushes distressed and overall home prices down.

Short Sales Surge, But No Thanks to Government Program

Any time I see a 74 percent jump in anything, I hear alarm bells, so when the Treasury Department reported just that big a jump in its Home Affordable Foreclosure Alternatives (HAFA) program, I figured there had to be something really big behind it. An…

Predicting Home Prices is Now Impossible

Now we have a new dip in home prices, which is putting more borrowers in a negative equity position. There is more concern of more borrowers hitting that “stress threshold,” as one panelist put it, where they just quit paying on their loans.

And the REIT Winner Is — Storage?

REITs overall are on a tear, with the FTSE NAREIT All Equity REITs Index up 14.13 percent on a total return basis in the first five months of the year. But when I read down the fact sheet to the winners and losers, imagine my surprise to see the least …

Falling Mortgage Rates Spur Serial Refinancing

Andrew and Peggy Sheren can’t resist a good deal, especially when it comes to financing their McLean, Virginia home. They have refinanced their home four times in four years, taking equity out only the first time for a renovation, but essentially cutti…

Spring Housing Season

With the Spring housing season coming to a end, the vaunted S&P Case Shiller Indexes called a “double dip” and the New York Times reported persistent weakness in the real-estate market. Suddenly, housing watchers are nervous again.

Your Home As Corporate Housing: It Just May Get You A Job

Temporary corporate housing is seeing a boom, and it’s not just in big rental apartment buildings. Job seekers are actually renting out their own homes as corporate housing, so they can take a job somewhere else and not have to sell at a loss.

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