Jacksonville Real Estate Market

Jacksonville, Florida

New FHA Foreclosures Spike

As lenders continue to try to modify delinquent mortgages or offer foreclosure alternatives, like short sales or deeds-in-lieu of foreclosure, the number of loans entering the foreclosure process are falling.

Lack of Distressed Supply Continues to Hit Home Sales

The unexpected drop in signed contracts to buy existing homes in April should have come as no surprise. It is all about price point, supply, and where the action is/has been.

Home Prices Hit Lows, but ‘We See Signs of Hope’

“We have encouraging signs in the market,” S&P/Case Shiller’s Robert Shiller told CNBC Tuesday. “We are seeing some signs of hope.”

Under Pressure, FHA Skews to Wealthier Home Buyers

The Federal Housing Administration is often credited with saving the home finance market during the worst of the latest housing crash, but that was not without a very high price.

Huge Spike in Home Prices Is Not Real

Numbers showing the biggest price jump in housing prices since January of 2006 are different. That jump was real, this latest spike is not.

Investor Caution: Beware of Heat in Distressed Housing

As real estate investors rush to buy distressed properties and reap the rewards of a still-heating rental market, two distinct phenomena are suggesting caution, perhaps extreme caution.

Foreclosures Move East as Hardest-Hit Markets Clear

Foreclosure activity in April fell nationally to the lowest level since the summer of 2007, but government intervention and the recent $25 billion mortgage servicing settlement are now changing the face of the crisis.

Foreclosures Fall…And That’s a Bad Thing?

A new report came out this morning with a curious headline: “Foreclosure Activity Declines, Hurting Investors.” I read it twice. You would think declines in foreclosure activity would be a good thing, that is, would help, not hurt. Not in this biza…

After a Dip, Homebuilder Sentiment Surges Again

Builder confidence jumped five points in May, which is a sign that the nation’s homebuilders are feeling far better again, after an unusually warm winter wreaked havoc with the usual traffic and sales trends.

Obama’s ‘Responsible’ Reno Homeowners: Are They?

President Obama has visited a “responsible” couple who owe more on their mortgage than their Nevada home is currently worth. But did they act responsibly?

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