Jacksonville Real Estate Market

Jacksonville, Florida

Mortgage Rate Spreads Widen

I can’t get off the phone with anyone I know without first having to hear about their particular mortgage story; Okay, maybe that’s an exaggeration, but not that far off.

Know the loan modification details of FHA and conventional mortgages

If you are buying a new home in Florida or if you are relocating in Florida, you need to know about the kinds of mortgage loans available in Florida. Knowing this would help you in loan modification whether it is conventional mortgage loan or an FHA loan. Read on to know about both in details.

When Investing in Foreclosures, Turn-Key is Key

It was just hitting 105 degrees in Dallas when Phillip Carter herded a group of Australian investors onto a bus and headed out to see some previously foreclosed properties. Cowboy to cowboy, Carter tells them the Dallas market is ripe for profit, as re…

The Worst City In The Housing Market !

You know, sometimes it is difficult to report the latest news. The report was recently released from Clear Capital, a provider of real estate asset valuation information, that Jacksonville, Florida . . . my current Home Town and real estate investment business center, is the lowest performing major housing market ! Yep, it beat out Detroit which had held the undesirable honor for the past seven months as being the worst.

Federal Housing Finance Agency Under Inspector’s Fire

Given that the conservator of Fannie Mae and Freddie Mac, the Federal Housing Finance Agency (FHFA) has been wielding incredible power of late in deciding how much the two mortgage giants can and cannot charge in guarantee fees and whom they can and ca…

Home Sales Bounce: Catching up to Spring?

Sales of existing homes took an unexpected and rare jump in August, rising 7.7 percent from July. Realtors say it’s the result of delayed sales from the spring market, which they previously characterized as disappointing. The results were unexpected be…

Spec Building is Back, With a Catch

With consumer confidence weak and getting weaker, and demand for housing showing no signs of resuscitation, home builders today are not only changing their building models, they’re changing their business models; that includes returning to a practice t…

Fannie and Freddie’s Boss Speaks Out On Obama’s Refi Plan

Barely two weeks after President Obama proposed expanding a government mortgage refinance program in order to make millions more borrowers eligible, the man who would have to guide such a program announced yet another barrier to entry.

Fannie Mae Bailing Out Bank of America? Not So Much

Late yesterday the chairman of the House Oversight and Government Reform Committee, Darrell Issa, sent out a press release titled, “Is Fannie Mae’s Purchase of Troubled B of A Portfolio a Back-Door Bailout?” The answer is: No‚Ķbut let me go back a bit.

Record Low Mortgage Rates Don’t Matter

Mortgage rates hit yet another record low this week, 4.09 percent on the 30-year fixed, according to Freddie Mac. This will only fuel President Obama’s recent proposal to refinance more Americans into these lower market rates.

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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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