30-YEAR FIXED RATE FALLS TO AT LEAST A 37-YEAR LOW

Hot off the press from Freddie Mac is that rates have just gotten better. Affordability is at its best in years…
The average 30 yr fixed rate was 5.19 percent with .7 points. That’s pretty darn good!
If you’re in Jacksonville and interested in taking advantage of these historically low rates shoot me an email [...]

December Update

Well it’s time to take a look at where we are and where we’re headed in the Jacksonville real estate market. Currently inventory levels aren’t looking pretty. However, Governor Crist halting foreclosures, government bail-outs, and never before seen affordability levels may make 2009 an interesting year for real estate. I’ve said it [...]

Selling in today’s market

Read an interesting article recently on the gap between real estate reality and what sellers think their property is worth…  Check it out here

Florida Housing Help

Wanted to discuss a recent article on the FAR website…  It’s been a while since my last posting but it’s time to get back in the swing of things!
In regards to the July $700B Economic Stimulus Package the question has oft been asked, “where is that money going?”  Well, if you’re a Floridian there is [...]

Bailout Bill a Bust

Not sure where to start this post…  The Dow Jones closed down 7% for the day and both the Nasdaq and S&P 500 both down right around 9%.  All of this due in large part to the negative vote the $700B emergency rescue package received today in the house.  This is the article from the [...]

Home Values in Jacksonville, FL for September ‘08

As mentioned in previous posts, one of the key factors influencing the value of real estate is the level of inventory in a given market.  Inventory shows us how supply and demand is changing at different times and what affect that is having on values.
According to a recent article on the FAR website home values [...]

The Bailout Bill

Hard to keep up with all of the news that’s been happening in finance and economics of recent.  This is the kind of stuff that will be written and talked about for years to come.  Just wanted to talk briefly about the upcoming bill that is going to be passed by President Bush and Congress [...]

Fannie mae and Freddie Mac Bail Out

Was speaking with a friend of mine who’s also a mortgage originator for Wachovia.  He had a customer who had 1 day prior been approved for a 30 year fixed rate loan @ 6.25% (give or take) and then after the Fannie/Freddie bail-out this same customer’s rate dropped over 3/8 of a point.  
Currently, this [...]

Real Estate and Capital Gains Tax Rates

I’ve been involved recently with a couple of sellers who are trying to determine whether or not they should go ahead and sell now, in a market that is 15-20% off in their respective neighborhoods, or wait it out and sell in a few years.  I know this is an issue that many sellers (with [...]

Doppler Radar for Jacksonville

A cool site that I came accross that allows you to see live doppler radar for Jacksonville.  With Fay right on top of us it’s good to check the site occassionally for updates…