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Jacksonville Real Estate Trends in August -Top 4 Reasons Closings Get Delayed

September 20, 2016

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Posted by in News, Northeast Florida Market Trends

“At the moment when you feel like you have reached the point of absolute exhaustion, inspire yourself to take one last step, and that is when you have successfully arrived to the next level.” Master Jin Kwon

This quote really inspires me because it is so rare to see true mastery in sports, the arts and business. It is fun to have college and professional football back and the final days of baseball for this year.

The Northeast Florida Association of Realtors market stats for August continue to show a strong local real estate market. The closings and pending sales are up, the median and average sales price are up and the inventory of homes for sale and percentage of distressed properties are down. All of these trends are very positive. Read more

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Jacksonville Real Estate Trends in July – Jacksonville Ranked #1 in Nation for Investors on a Budget

August 23, 2016

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Posted by in News, Northeast Florida Market Trends

“Winners focus on winning. Losers focus on winners.” This great quote was over a picture of Michael Phelps from the Rio Olympics.

The national real estate market is positive. Jonathan Smoke, realtor.com chief economist says “these factors have made this summer one of the best in a decade. The highest consumer confidence for a July since 2007, the highest nominal home prices for a July on record, and the lowest July mortgage rates on record.” Read more

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Jacksonville’s Real Estate Trends in June Show Highest Pending Sales to Date!

July 22, 2016

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Posted by in News, Northeast Florida Market Trends

“Lighthouses don’t go running all over an island looking for boats to save; they just stand there shining.”

According to UCF economist Sean Snaith in his 2nd quarter Florida & Metro Forecast, Florida’s economy is shining. He predicts that Florida’s economy will continue to grow at a faster pace than the national forecast for the next four years because of rising job growth and home construction. Read more

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Jacksonville Real Estate Trends in May – Find Out What The Experts Are Saying

June 17, 2016

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Posted by in New Home Construction, News

“If we ever forget that we are One Nation Under God, then we will be a nation gone under.” Ronald Reagan

I couldn’t resist a little Ronald Reagan with the 4th of July coming up so soon. I wish you a wonderful holiday.

The May numbers from the Northeast Florida Association of Realtors continue to indicate a healthy real estate market in our area. The pending sales of 2,765 are up 6.5% over the previous May and 5.5% year to date. There were 2,393 closings in May which is down 1% from last May, but year to date closings are up 5.1%. Read more

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Real Estate Trends in April – 3 Reasons Jacksonville is NOT in Another Housing Bubble

May 23, 2016

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Posted by in News, Northeast Florida Market Trends

“Live as if you were to die tomorrow. Learn as if you were to live forever.” Mahatma Gandhi

As I continue learning and reading articles about the real estate market, I have seen several references to another housing bubble. I am in complete disagreement with the theory that our market looks like the market 10 years ago. My reasons for disagreeing are: Read more

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