Thursday, February 3, 2011

Death of Jacksonville Real Estate Market Highly Exaggerated!

Great article in the Biz Journal today. Here's a little snippet for you to ponder.

Jax ranked No. 4 for in the nation for home sales in January

Jacksonville Business Journal

Home prices in Jacksonville improved by 3.5 percent quarter-over-quarter, according to the report, though they were down nearly 8 percent year-over-year.

Real-estate-owned saturation, which Clear Capital defines as the percentage of REO properties sold compared with all properties sold in the last rolling quarter, was nearly 30 percent in Jacksonville.

Could it be that we've hit bottom??