Davidson Realty, Inc.

Jacksonville’s December Real Estate Trends – Distressed Homes Down by 53%

January 21, 2016

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Posted by in News, Northeast Florida Market Trends

“Perfection is not attainable, but if we chase perfection we can achieve excellence.” Vince Lombardi

Florida Realtors published a great article reviewing 2015 and looking ahead to 2016. I would like to share the highlights with you.
1. The market – According to Freddie Mac’s latest Multi-Indicator Market Index, Florida’s real estate rebound led the nation, with Orlando the top U. S. rebound city.
2. Inventory is getting tighter – Some underwater owners still can’t sell, some boomers are staying put, and some investors scooped homes in the lower-price categories, leaving today’s first-time buyers struggling. Read more

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