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 [...]

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 [...]

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 [...]

Real Estate: Florida still on top for International Buyers

This article is a case and point for why you need a strong internet presence when selling your property…  In addition to that, motivating the agents working with these foreign buyers by offering additional incentives is always a good idea as well.
REAL ESTATE
Foreign buyers put Florida 1st
Like their domestic counterparts, foreign buyers have retreated [...]

Have we hit bottom?

Recently there was an article written in the Times Union discussing the positives of our current real estate market.  The one thing not mentioned was inventory levels for existing homes.  They talked quite a bit about new construction, but there was very little regarding existing homes.
So, a look at our july-inventory…
So we can see that [...]

The New Housing Bill

Should you have any questions about the below article (or the bill itself) feel free to ask. I myself have mixed feelings about the bill. It’s a good thing to help homeowners who are in over their heads at no fault of their own. However, the bailing of Fannie & Freddie may [...]

Jacksonville Real Estate – Are things starting to pick up?

Inventory levels have improved for the last 5 months coming down from 19.12 in January to 13.19 in June.  What does this mean?  Well, the absorption rate is kind of like a golf score, lower is always better!  Basically, the absorption rate measures buyer activity.  It takes total available homes for sale and divides that [...]