market conditions: Jacksonville Florida makes the American Improving Markets Index (IMI) list! - 01/10/12 09:18 AM
 
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)

market conditions: Foreclosures VS Home Values - 01/26/09 10:42 AM
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)

market conditions: What happened to the Jacksonville Real Estate Maket? - 09/11/08 09:50 AM

So what's causing the drop in home prices in Jacksonville?  That's an easy one.  With over 16 months of inventory as of August 2008 there are still too many homes on the market.  As with anything else it is an issue of supply vs demand.  An increase in supply drives prices down while and increase in demand drives prices up.  Simple economics.
 So what caused the increase in supply?  This may be up for debate but here's my take on it.  Adjustable rate subprime mortgages.  During the boom years practically anyone could get a mortgage.  If the borrower did not … (0 comments)

 
Lucien Vaillancourt, Jacksonville Florida Real Estate (Native Sun Realty, Inc.)

Lucien Vaillancourt

Jacksonville Florida Real Estate

Jacksonville, FL

More about me…

Native Sun Realty, Inc.

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

Office: (904) 994-0493

Mobile: (904) 994-0493

Email Me



Links

Archives

RSS 2.0 Feed for this blog