Jacksonville Beaches Real Estate

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From Freddie Mac 04/17/2024 Mortgage Rates Exceed 7 Percent for the First Time this Year MCLEAN, Va., April 18, 2024 (GLOBE NEWSWIRE) --  Freddie Mac  (OTCQB: FMCC) today released the results of its  Primary Mortgage Market Survey ®  (PMMS ® ), showing the 30-year fixed-rate mortgage (FRM) averaged 7.10 percent. “The 30-year fixed-rate mortgage surpassed 7 percent for the first time this year, jumping from 6.88 percent to 7.10 percent this week,” said Sam Khater, Freddie Mac’s Chief Economist. “As rates trend higher, potential homebuyers are deciding whether to buy before rates rise even more or hold off in hopes of decreases later in the year. Last week, purchase applications rose modestly, but it remains unclear how many homebuyers can withstand increasing rates in the future.” News Facts The  30-year FRM  averaged 7.10 percent as of April 18, 2024, up from last week when it averaged 6.88 percent. A year ago at this time, the 30-year FRM averaged 6.39 per...

The market in Jax Beach is robust. See details   here. .

 

Here is a condensed-quickie take on today's market vs 2008 and why I don't think the market is going to crash. Lending standards are very strict now. In 2008 if you had a pulse, you could get a loan. Wanted to buy 2 or 3 homes?? Let's check that pulse... APPROVED .  Our inventory remains extremely low. We only have a 3 months supply of homes for sale (6 months is considered a healthy market).  In 2008 we had a 10 months supply, driving the prices down. There were SO many foreclosures flooding the market, prices had no where to go but down.   People aren't using their homes as ATM's. In 2008 people tapped their home equity for cars, boats and vacations. You know, the "essentials".  The available equity (before hitting 80% of loan to value) is at an all-time high. Only 1.1% of homeowners are underwater (owe more than their house is worth). People with equity have options to avoid foreclosure. Without all of the foreclosures of 2008 prices will contin...

According to Real Estate gurus at KCM (Keeping Current Matters): Prices aren’t likely to depreciate in 2024 because inventory is still tight and lower mortgage rates are leading to strong buyer demand. Those two factors will keep pushing prices up as the year goes on. As Selma Hepp, Chief Economist at CoreLogic, explains: “With mortgage rates dropping, demand for homes in early 2024 is likely to be strong and will again put pressure on prices, similar to trends observed in early 2023 . . . Most markets will continue to reach new home price highs over the course of 2024.” What Does This Mean for You? Experts are saying home prices will go up this year, and that’s good news if you’re thinking about buying a home. When you become a homeowner, you want the value of your house to go up. That appreciation is what builds equity and makes homeownership such a good investment over time. Beyond that, expected home price appreciation also means if you’re ready, willing, and able to buy, waiting ...

 

Home sellers reveal why they decided to bypass professional representation—and the mistakes they made without a trusted adviser. Homeowners who decline to use a real estate agent to sell their property are twice as likely to say they weren’t satisfied with the selling experience, according to a new survey from Clever Real Estate of 1,000 home sellers in 2022 and 2023. Survey respondents say they realize they likely made less money on their home sale and faced more stress by not having a professional representative. Those who didn’t use a real estate agent said before their transaction that they think pros are overpaid for what they do and are not more knowledgeable about the homeselling process than the average seller. However, when these respondents reflected on their experience after the transaction, they admitted that they made some mistakes without the help of a pro. More than a third of non-agent sellers, such as FSBOs or those selling to an iBuyer, said the process was more diffi...

Jacksonville, Florida, is a vibrant city that offers a diverse and dynamic real estate market. As the largest city by area in the continental United States, Jacksonville boasts a wide range of neighborhoods, each with its unique charm and characteristics. Whether you're considering buying or selling a property, understanding the key aspects of the Jacksonville real estate landscape is essential. 1. Market Diversity: One of the defining features of Jacksonville's real estate market is its diversity. From historic neighborhoods with charming bungalows to modern waterfront developments and suburban communities, Jacksonville caters to a variety of lifestyles. Understanding the distinct features of each area is crucial for finding the perfect fit for your needs. 2. Market Trends and Stability: In recent years, Jacksonville has experienced steady growth in its real estate market. The city's economy, fueled by a mix of industries including finance, healthcare, and logistics, ...

Mark Your Calendar Fri. - Sun. 10/13-10/15 WasabiCon at Prime Osborn Convention Center Fri. 10/13 The Florida Ballet’s Dracula at Jacksonville Performing Arts Center Sat. 10/14 TEDxJacksonville Conference 2023: Human/Nature at WJCT Sun. 10/15 Jacksonville Jaguars vs. Indianapolis Colts at EverBank Stadium Thurs. 10/19 Sip & Stroll Presented by PNC at Southbank Riverwalk

 

  With its super hot weather, Jacksonville Beach, FL offers a variety of activities to help you beat the heat and enjoy your time. Here are some ideas: Beach Fun: The obvious choice is to hit the beach! Jacksonville Beach offers sandy shores and warm waters. You can swim, sunbathe, build sandcastles, or simply take a leisurely stroll along the shoreline. Water Sports: Embrace the heat by engaging in water sports such as surfing, paddleboarding, kayaking, or jet skiing. The ocean is your playground, and these activities can help you cool off while having a blast. Fishing: Jacksonville Beach is known for its excellent fishing opportunities. You can fish from the pier or join a charter boat trip for deep-sea fishing. Beach Volleyball: Many beaches have designated areas for beach volleyball. Gather your friends or join a pickup game to get active while enjoying the sea breeze. Beachfront Dining: There's nothing like indulging in delicious seafood while overlooking the ocean....

Okay.  So it's pouring down rain again in Jacksonville Florida. Here are some ideas of how to fill those vacation days if it's raining on your Beach vacation. Visit a Museum: Jacksonville is home to several interesting museums. You can explore the Museum of Science and History (MOSH) or the Cummer Museum of Art & Gardens. Both offer engaging exhibits and collections that can keep you entertained and educated. Indoor Trampoline Park: Head to a local indoor trampoline park like Velocity Air Sports. These parks typically have a variety of activities such as trampolines, foam pits, dodgeball, and obstacle courses. It's a great way to stay active and have fun even when it's raining outside. Bowling: Enjoy a friendly game of bowling at one of the bowling alleys in the area. Bowl America Southside is a popular option where you can have a good time with friends or family. Escape Room Adventure: Challenge your problem-solving skills by participating in an escape room a...

I have a hundred reasons why people are leaving New York and coming to Northeast Florida.  Here are my top 5 reasons. 1. Affordable Cost of Living : Northeast Florida offers a more affordable cost of living compared to New York. Housing prices, property taxes, and general expenses tend to be lower, allowing individuals and families to stretch their budgets further. 2. Pleasant Climate : Northeast Florida enjoys a mild climate with warm summers and mild winters, making it an attractive destination for those seeking a break from New York's harsh winters. The region's pleasant weather allows for outdoor activities and a generally more relaxed lifestyle. 3. Outdoor Recreation Opportunities : Northeast Florida boasts beautiful beaches, rivers, and parks, providing ample opportunities for outdoor recreation. From surfing and fishing to hiking and wildlife observation, residents can enjoy an active lifestyle surrounded by natural beauty. 4. Vibrant Cultural Scene : Northeast Florida o...