Jacksonville's housing market continues to fair better than most areas of the country!!! This blog cites information from recent Florida Times Union article.
According to Forbes.com, Jacksonville is # 8 on Forbes' national list of Real Estate Bargain cities. Jacksonville's ranking is largely based on the fact that our market "didn't go through an obscene speculation boom, making its recovery cycle far less daunting than other spots." Also, a relatively low foreclosure rate (compared with other Florida cities) is likely to reduce inventory. Very exciting news as the recent market had definitely been a departure from the past.
We all know what a wonderful place the Jacksonville/St Augustine area is to live and raise a family. Hopefully, with the pricing adjustments of the past, the attractive mortgage rates available, and more sound lending practices in place, buyers will be ready to make a great deal and begin enjoying our wonderful city.
Great news for all of us in the Real Estate and related services industry!!!
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