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homes for sale: 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)

homes for sale: 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)

homes for sale: Jacksonville Florida More Affordable to Buy Than Rent - 02/03/11 07:51 PM
 
                    VS         
 Which Costs More?
Jacksonville has been identified as one of the many cities around the country where it has become more affordable to buy a home than to rent one.  This may be attributed to the increased demand for rental homes created by would be buyers who are renting while waiting for home prices to bottom out.  Smart real estate investors are buying up distressed properties, making the necessary improvements and making the homes available to rent to meet the increased demand. 
As with any product or service the increased demand for rentals is driving … (0 comments)

homes for sale: HOPE for Homeowners or just postponing the inevitable? - 01/27/09 04:36 PM
 
Passage of the Housing and Economic Recovery Act of 2008 (HERA) H.R. 3221 may offer some hope for homeowners facing situations that may lead to foreclosure.  Since the vast number of foreclosures is having a negative effect on home values preventing even more homes from going into foreclosure may help to stabilize prices and restore confidence among potential homebuyers.  At least this is the intent.  To see the effect of foreclosure sales on the Jacksonville home values check out my "Jacksonville Florida Real Estate Market Trends" page.
 One component of H.R. 3221 designed to reduce the number of foreclosures is … (0 comments)

homes for sale: Foreclosures VS Home Values - 01/26/09 06:42 PM
What’s it going to take to stabilize home values?  Here's my take on the situation. The Jacksonville real estate market continues to favor buyers with over 16 months of residential real estate currently for sale. Property values in Jacksonville and the immediate area have adjusted downward in response to a decrease in demand and a surge in short sale and foreclosure inventory. For example, there are currently 12,852 single family homes for sale in Jacksonville. 28% of those are listed with a title status of “pre-foreclosure” or “foreclosure”. In the last 30 days 757 single family homes were sold with 42% … (2 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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