Jacksonville Real Estate Market

Jacksonville, Florida

Mortgage Market Still Hampers Housing Recovery

The Realtors say it, the home builders say it, and now the chairman of the Federal Reserve is saying it: “Some creditworthy borrowers are still having trouble getting a mortgage.”

Bank of America Offers Principal Reductions to 200,000 Homeowners

A select group of struggling mortgage borrowers are about to get an offer that sounds too good to be true. Executives at Bank of America admit that, as they begin mailing 200,000 letters offering certain customers mortgage principal reduction.

Short Sales: Necessary Compromise or Scamming the System?

Short sales (selling the home for less than the value of the loan) are rising across the nation, and while they have yet to overtake foreclosure numbers in Atlanta, they are in fact up 120 percent from a year ago, according to RealtyTrac.

Flood of Foreclosures Still Fails to Materialize

The number of homes entering the foreclosure process rose 8.1 percent in March, according to a new report, but the volume is down more than 30 percent from a year ago.

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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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