Jacksonville Real Estate Market

Jacksonville, Florida

Are Construction Job Losses All About Pay?

Despite rising demand for newly built homes, construction employment in August remained flat, stuck at the same paltry pace for the past four months. The numbers don’t make a lot of sense at face value, given that housing starts are up in both single…

Home Buyers Could Pay for Payroll-Tax Cut

At face value, it seems like an easy, albeit creative way to pay for the extension of the payroll tax cut. Raise the fees that banks pay mortgage giants Fannie Mae and Freddie Mac to guarantee home loans.

Fannie, Freddie Vs. Big Banks: Housing Gets Hurt

At face value, the lawsuit makes sense; the role of the FHFA is to limit losses to Fannie and Freddie.

Negative Equity and Rising Rates: Toxic Cocktail for Housing

First came the surge in negative home equity, now a surge in mortgage interest rates. Add it up, and it throws a big pail of underwater on the hope for a big spring housing surge. At face value on their own, the two reports out today shouldn’t cause to…

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