market trends: Jacksonville Florida More Affordable to Buy Than Rent - 02/03/11 11:51 AM
 
                    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)

market trends: HOPE for Homeowners or just postponing the inevitable? - 01/27/09 08:36 AM
 
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)

market trends: Jacksonville Real Estate Market Showing Signs Of Improvement! - 05/06/08 10:01 AM
I'm sure most of us are sick of hearing the drum beat of gloom and doom coming from the mainstream media and are anxious to point to some good news for a change.  Well I am happy to report that, at least in Jacksonville, FL, the real estate market is showing signs of improvement.  The graph below from the North East Florida MLS shows that the inventory of available homes has declined for three consecutive months with just over 16 months of inventory as of 31 March 2008.  Although 16 months of inventory still represents a strong buyers market if this trend … (4 comments)