April 21, 2017

Jacksonville Real Estate Trends in March – Highest Number of Contracts Written Ever!

“I saw the angel in the marble and carved until I set him free”. Michelangelo

I hope you had a wonderful Easter and are enjoying the awesome spring weather! The Northeast Florida housing market is heating up according to the Northeast Florida Association of Realtors market stats.

The pending sales for March jumped 10% from last March to 2,893. This is highest number of contracts written in any month including the peak of the market in 2005. (more…)

March 31, 2017

Jacksonville Real Estate Trends in February – More First Time Homebuyers!

“It’s what you learn after you know it all that counts.” John Wooden

With March Madness in full swing, we can always use some wisdom from John Wooden. May your team finish strong.

An interesting article on Forbes.com with Lawrence Yun, chief economist of the National Association of Realtors discusses how rising populations and growth in the job market will have a large impact on housing demand over the next decade. Yun says “About 325 million people currently live in the U. S., and population projections forecast a 27 million increase to 352 million in 10 years.” (more…)

February 21, 2017

Jacksonville Real Estate Trends in January – It’s A Seller’s Market!

“Don’t fear failure. Fear being in the exact same place next year as you are today.”

Dr. Sean Snaith, the Director of the Institute for Economic Competitiveness at the University of Central Florida released the Florida forecast in December 2016 for 2016-2019 and the report is very encouraging. He is predicting Real Gross State Product (RSGP) to grow an average of 3.7% annually in 2016 through 2019. (more…)

January 24, 2017

Jacksonville Real Estate Trends in December – Trulia Names Jacksonville #1 on Hottest Real Estate Markets to Watch in 2017

“If you really want to do something, you’ll find a way. If you don’t, you’ll find an excuse.” Jim Rohn

I mentioned last month that Realtor.com is predicting Jacksonville to be the 6th most improved market for 2017. Trulia posted an article “10 Hottest Real Estate Markets to Watch In 2017” and selected Jacksonville, FL number one. Trulia said “Why is it so appealing? First, there are serious job opportunities. Jacksonville posted a 3.8% job growth rate in 2016, which makes it one of the healthiest markets for employment opportunities in the state. Second, there’s an increasing influx of people — which contributes to the area’s very high ratio of inbound home searches on Trulia by out-of-towners versus outbound searches by locals looking to leave.” It makes perfect sense to me that people would want to live in our beautiful area. (more…)

December 27, 2016

Jacksonville Real Estate Trends in November – Realtor.com Forecasting Jacksonville as 6th Most Improved Market of 2017

“Christmas is a season not only of rejoicing but of reflection’’ Winston Churchill

Reflecting on 2016, I remembered new relations with Cuba, several terrorist attacks, the Benghazi investigation, Wikileaks, Hurricane Matthew and the Presidential election. If you are a sports fan, Alabama won the College Football playoffs, Denver won the Super Bowl and then Peyton Manning retired. There were Olympic games in Rio, the USA won the Ryder Cup, and the Chicago Cubs won the World Series. It was an eventful year. (more…)

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