Jacksonville Real Estate Market

Jacksonville, Florida

Apartments reap rewards of rising rates

Rising mortgage rates threw a wrench in the housing recovery. But it’s not all bad news, not for rental apartments.

Housing Recovers, but the Repo Man Is Back

The good news is that overall foreclosure activity continues to fall. And the bad news…?

Foreclosure Spike Is Positive Sign For Housing

Foreclosure starts, the first phase of the process, rose 9 percent in May month-to-month, the first increase in over two years. Bad news, right? Only if you are the one losing your home.

Market Scoffs at Pitiful Home Sales

Call me crazy, but I thought a near 10 percent monthly drop in existing home sales might affect the markets today. If not the sales, then maybe the 5.2 percent annual price drop, or the rise in inventories to an 8.6 month supply. Nope. Apparently that’…

Housing Recovery: Faith or Just a Good Deal?

The good news is that more Americans say they are willing to consider buying a foreclosed property; the bad news is that they’re expecting a bigger discount on that property than ever before.

Big Banks Move to Short Sales, But Will it Help Housing?

The good news is, that will cut down on foreclosures. The bad news is that short sales, like it or not, are comps. They sell for less, and consequently bring down the values of properties around them.

Home Buyer Tax Credit Snafu: No USDA Loans

In 2006, the USDA program backed about 31,000 loans or $3 billion worth. In 2009, that had grown to 133,000 loans worth $16.2 billion. The good news is the standards are tight and the default rates far better than the FHA. The bad news is the program wasn’t meant to handle that many loans, and it ran out of money.

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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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