Jacksonville Florida makes the American Improving Markets Index (IMI) list! - 01/10/12 05:18 PM
 
More good news! Three Florida cities (including Jacksonville) made in onto the American Improving Markets Index (IMI). The index measures three sets of independent monthly data to get a mark on the top improving Metropolitan Statistical Areas. The three indicators that are analyzed are employment growth from the Bureau of Labor Statistics, house price appreciation from Freddie Mac, and single-family housing permit growth from the U.S. Census Bureau. If not for overly restrictive lending policies and the inventory of distressed properties conditions would most likely have improved even more.  As market conditions improve so will home prices. I'll say it … (0 comments)

Federal Government Admits “Anti Flipping” Regulation Hurts the Housing Market - 01/03/12 05:09 PM
On 1 January 2012 the federal government extended a waiver of the “Anti Flipping Regulation” which prohibits FHA insured mortgages for a single family property if the contract of sale is executed within 90 days of the acquisition of the property by the seller.  The extension will be in effect until 31 Dec 2012. This regulation was originally implemented in an effort to protect homebuyers from investors reselling properties with an “artificially” inflated value.  The regulation had the effect of increasing carrying costs to the investor which of course would eventually be passed on to the buyer which further contributed to the … (0 comments)

 
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Lucien Vaillancourt Jacksonville Florida Real Estate

Jacksonville, FL

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Native Sun Realty, Inc.

Address: 9951 Atlantic Blvd, Suite 106, Jacksonville, FL, 32225

Office Phone: (904) 994-0493

Cell Phone: (904) 994-0493

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