This category currently has 51 blog entries.
According to Zillow, South Florida median home values fell 23.5% in 2008. Northeast Florida (Jacksonville and surrounding area) and the Nation had a matching loss of 11.6%. This can be split between single family homes with a de...
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The National Association of Home Builders found the top reasons why buyers haven't bought from self-described "on the fence" buyers. 44% Waiting for Lower Mortgage Rates I don't see mortgage rates going lower unless the go...
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Monitoring month to month trends can give an idea of where the market is heading. You can see we had a sales increase in December in both Duval and St. Johns County. The eventual selling price per listing price was a little bit lower...
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The S&P/Case Shiller index should be ignored. The reasons are as followed: Jacksonville is not included in the index. As everybody knows, the local market matters most. While they happily point out items such as 11 of 20 of th...
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As newspaper advertising have dropped to wayside, television ads has soon followed to be usurped by internet advertising. Century 21 was the first real estate franchise to purchase national real estate ads on TV in the 1970s. So it is lan...
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According to the 2008 National Association of Realtor annual survey of Buyers & Sellers Buyers used multiple sources to look for homes. The top 3 are: 87% Internet 85% Real Estate Agent 62% Yard Sign So if you want to ha...
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Short Sales & Foreclosure have taken over the market. In summary: Short Sales & Foreclosures have risen from being just 6% of what was being sold to 32% by the end of the year. These motivated sellers and banks have set n...
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Nationally in 2008 homes under $400,000 are down 3%, while homes over $750,000 sales are down 47% according to the National Association of Realtors. Experts point to the lack of decline in the Jumbo Loan rate, the inability of the move up buyers to ...
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