Jacksonville Real Estate Market

Jacksonville, Florida

Are Big Home Builder Stocks Too Hot?

Improvement in the jobs market, improvement in potential buyer traffic, improvement in existing home sales, no change in record low mortgage rates…no surprise the analysts are starting to upgrade the nation’s public home builders. Not to mention th…

Home Sales Fall on Credit, Cancellations, Confidence

July’s existing home sales came in well below expectations. While analysts called for an increase, based on several months of rising pending home sales (contracts signed), they did not give enough weight to the three biggest issues plaguing the market,…

Credit Rules the Housing Market

Existing home sales were basically flat in April, down close to one percent month to month and down nearly 13 percent year over year, but you have to remember last year we were heavily under the influence of the home buyer tax credit. Now we are heavil…

Why Housing Is Going Through a Double Dip

The sales pace of newly built homes is now at the lowest on record. Sales dropped nearly 17 percent in February after a big drop in January. Put that on top of the nearly 10 percent February drop in existing home sales reported earlier this week and th…

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’…

Home Builders May Be Faring Better Than We Think

Last week’s revelation that realtors had been overestimating the number of existing home sales in 2010 was certainly a bombshell to those of us who cover housing, but it didn’t really affect investors. But here’s a new one that could affect how you sto…

Realtors Seek Data Help

It wasn’t at all what I expected. With accusations over the weekend by various journalists that the Realtors have been overestimating existing home sales numbers, I was ready for a full-court PR press at this morning’s monthly sales report lockup. Not …

Home Sales Rally Amid Mortgage Questions

Existing home sales took a huge and unexpected jump up in December. Not only was the seasonally adjusted monthly increase up over 12 percent, but the unadjusted number was even higher. The question of course now is, given that inventories always rise t…

Time to Dip a Toe in Housing?

I’ve said it before, and I’ll say it again: In housing, prices lag sales, on the way up and on the way down. Recently we’ve been getting a lot of bullish news on home sales, with both pending and existing home sales up toward the end of the year and ex…

Existing Home Sales: Read Between the Numbers

Noise. There’s an awful lot of it in today’s report on September existing home sales from the National Association of Realtors. Even the markets could hear the noise, as they didn’t react all that much to the 10 percent jump in sales that completely be…

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