tag:blogger.com,1999:blog-5820814098123090781.comments2023-04-06T08:41:07.957-04:00Jacksonville Beaches Real EstateRonda Densford, REALTORhttp://www.blogger.com/profile/16381842692494706165noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-5820814098123090781.post-64232336477587075612013-11-18T07:35:34.084-05:002013-11-18T07:35:34.084-05:00This is a great article thanks for sharing this in...This is a great article thanks for sharing this informative information. I have browsed most of your posts.This post is probably where I got the most useful information for my research. Thanks for posting, maybe we can see more on this.<br /><br /><a href="http://buyfastlikes.org/worldwide-fans/" rel="nofollow">get more worldwide facebook fans</a><br /><a href="http://buyfastlikes.org/" rel="nofollow">buy fast likes</a>Anonymoushttps://www.blogger.com/profile/08319602793362053011noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-59712112324145112472012-06-11T02:46:16.528-04:002012-06-11T02:46:16.528-04:00609 Hope things will fall in its proper places. A ...609 Hope things will fall in its proper places. A lot of thanks for sharing this kind of blog. Keep updating.<br /><br /><br />Zummicamping Philippineshttp://www.nuvali.ph/tri-kids-camp-oct-8-9/noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-65966655354958300972012-02-09T02:57:54.297-05:002012-02-09T02:57:54.297-05:00Homes for Sale Jacksonville FL - Its a very good a...<a href="http://www.housesforsalejacksonvillefl.com/about/" rel="nofollow">Homes for Sale Jacksonville FL</a> - Its a very good and motivative blog for new beginer in real state industries.dsddffdshttps://www.blogger.com/profile/12615358741772921944noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-16672985255278426562011-11-16T05:08:51.838-05:002011-11-16T05:08:51.838-05:00Thanks for sharing this very helpful information. ...Thanks for sharing this very helpful information. First time Thailand tourist should read this post.<br /><a href="http://pattayabeachproperties.com" rel="nofollow">Property in Pattaya | Condos House Rental Properties | Pattaya Villas Properties</a>Property in Pattaya | Condos House Rental Properties | Pattaya Villas Propertieshttp://pattayabeachproperties.com/noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-28971589405992346412011-11-02T23:18:51.854-04:002011-11-02T23:18:51.854-04:00Manfred I work with investors occasionally. I have...Manfred I work with investors occasionally. I have been working with Buyers more than sellers lately but would love to talk to you. <br />Thanks!Ronda Densford, REALTORhttps://www.blogger.com/profile/16381842692494706165noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-28511581125397586232011-11-02T18:50:35.528-04:002011-11-02T18:50:35.528-04:00Will you work with real estate investors?Will you work with real estate investors?Manfredhttp://jaxoffers.comnoreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-2952083857271911012011-10-28T01:53:58.812-04:002011-10-28T01:53:58.812-04:00This is a really good timing for those who want to...This is a really good timing for those who want to own a new house. They can avail it in a reasonable price, especially for the clients who would like to posses house in Jacksonville.<br /><br />Best regards,<br /><a href="http://seattlearea.com/neighborhoods/laurelhurst/" rel="nofollow">seattle guide<br /></a>vincent shawnhttps://www.blogger.com/profile/15426550663359496346noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-9117668706902857652011-09-06T21:51:01.616-04:002011-09-06T21:51:01.616-04:00I love this post it was fantastic and informative ...I love this post it was fantastic and informative as well for those who wants to buy a house now in Jacksonville. You did a good job. Thank you for sharing.<br /><br /><br />Charles Aproperties Philippineshttp://www.atayala.com/noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-23942463725134261062011-02-06T11:05:31.826-05:002011-02-06T11:05:31.826-05:00Thanks!
Rich H.Thanks!<br /><br />Rich H.rhans38noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-78818734503166594372010-01-09T00:54:59.375-05:002010-01-09T00:54:59.375-05:00Thank you for the informative new changes that are...Thank you for the informative new changes that are taking place for new home buyers. I really learned alot and most of this gets me motivated to see what we can do in our home shopping. You are so sweet and I've gotta say quite impresed with your level of education in your field : ). Thanks for always being my first choice in realty.Anonymoushttps://www.blogger.com/profile/18358419778193075368noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-52962744164703501372009-09-17T10:34:53.150-04:002009-09-17T10:34:53.150-04:00Thank you for reblogging our article about why loa...Thank you for reblogging our article about why loan modifications and some short sales get turned down. We appreciate you spreading the word. Education is key to understanding.Katerina Gassethttps://www.blogger.com/profile/15516769258733072156noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-87900373937496363982007-06-12T11:16:00.000-04:002007-06-12T11:16:00.000-04:00.Home loan interest rates will continue to go up s....<BR/><BR/><BR/>Home loan interest rates will continue to go up since most home loan rates are directly or indirectly tied to the 10-year treasury bond. These bond rates must go up because foreign countries are leaving the US Dollar for Euros, Pounds, etc. as a researve currency. The bond rates must go up to attract new bond investors. When the rates go up, so do interest rates on home loans. Bond rates won't go back down until the US Government stops adding so heavily to the national debt. That won't happen until the war in the Middle East is complete which (for or against) is a discussion for another blog.<BR/><BR/>So, home loan interest rates must go up from here.David in JAXhttps://www.blogger.com/profile/09371542144837323413noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-89121917226854376442007-05-25T09:47:00.000-04:002007-05-25T09:47:00.000-04:00It is only guesswork at this point, but Jacksonvil...It is only guesswork at this point, but Jacksonville did not go up 100% above the mean (which would mean a 50% drop). If the market were to overcorrect it may be possible, but it is very unlikely. As a buyer, I would love to see it happen, but history tells us otherwise.<BR/><BR/>It's very simple to take the FAR numbers and plot out the median home price in Jacksonville over the last twenty years. You see 3% appreciation until about 2001-2002. Then the median sales price shoots up until June 2006. From there is has come down about 10%. If you take the numbers from the pre-boom times until now, prices are not double, so they more than likely will not be cut in half.David in JAXhttps://www.blogger.com/profile/09371542144837323413noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-36754849747919536792007-05-25T08:35:00.000-04:002007-05-25T08:35:00.000-04:00All we can go by are the hard numbers. A CMA on th...All we can go by are the hard numbers. A CMA on this listing puts it below market value. These are just cold, hard numbers based on SOLD property, not based on "asking price". My next step is to get an appraisal. Based on SOLD property they will use for comps, the house should appraise for around 230-240K. We don't want to be the first one in the area to help with the big "adjustment" :) We priced it below market value hoping to sell it fast. We'll just have to wait and see what happens. <BR/>Where are the areas that you speak of? I'm not familiar with any areas that have listings less than 200K that are anywhere as nice as this listing in Ashwood. All of the subdivisions along the Kernan corridor are well above 200K. Where are you seeing these nice homes in nice subdivisions for less than 200K? I have a few clients that I'd love to take into those neighborhoods. I haven't had much luck in my search for homes less than 200K. They want a home 10-15 years old, easy commute to Deerwood area, newer schools, and updated interior. I have found LOTS of condos, but no single family homes that they've liked. Thanks for the tip. I look forward to your comments! :)Ronda Densford, REALTORhttps://www.blogger.com/profile/16381842692494706165noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-86062847900928065972007-05-25T08:17:00.000-04:002007-05-25T08:17:00.000-04:00If the price of homes only has to drop another $50...If the price of homes only has to drop another $50K I will be delighted. I read a pundit yesterday that said he predicts a drop of 50% of current list price by mid 2008. Meaning (I suppose) that a house currently listed (and not selling) at 450K would be on the market in mid 2008 for 225K. Of course, the seller only paid 180K for it, so even if they sold it for 225K, they would make a little money. I'm horrible with math, but a 50% decrease in asking price would seem a like a lot! I'll try to find the article and quote him. He is a muck-a-muck with ReMax so you kind of have to wonder if he isn't on the right track. Who knows? I'm still waiting to see how much more the prices will drop out here at the beach. Some parts of town are somewhat immune, but I'm sure that even those areas are going to see a big "shift" in prices. <BR/><BR/>I appreciate and enjoy your posts! I can tell you're a "numbers guy"! I learned a lot from your statistics and the break down of numbers you used. I think 50K would be a minor adjustment that the market could easily bear. We'll just have to wait and see. I keep hearing "25 year cycle". I suppose that means that prices will drop and then take 25 years to get back to the crazy days of the early 2000's when bidding wars were going on. I was kind of hoping for a 25 MONTH adjustment! :)Ronda Densford, REALTORhttps://www.blogger.com/profile/16381842692494706165noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-91717427615591624582007-05-25T07:01:00.000-04:002007-05-25T07:01:00.000-04:00The market will do what it always has done since t...The market will do what it always has done since the commerce department began tracking home sales in the 1890's. That is, home prices will revert to the mean. The mean increase in home values in Jacksonville has been about 3% / year over the last 100 years. With this said, home prices must and will fall back to these levels that were the norm before the most recent housing boom. This means that the median single family home price in Jacksonville must fall to around $130k before prices begin to stabalize. Another historic indicator is that the median home price should be about three times the median income for the area. This again would put the median price for a Jacksonville single family home around $130k.<BR/><BR/>So, to make a long story short, the median home price needs to fall about another $50k before prices begin to stabalize. History has always repeated itself in the RE market, and the latest boom that recently ended will not be different than any of the other RE booms and busts we have had throughout our history. As to when this will happen, that's the big question. It may take another increase in the overnight rate to wake up sellers.David in JAXhttps://www.blogger.com/profile/09371542144837323413noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-87542606949768059752007-05-25T06:12:00.000-04:002007-05-25T06:12:00.000-04:00You would probably have more luck if you lowered t...You would probably have more luck if you lowered the price. Having been in this neighborhood and many others I know I can get a much nicer home in a much nicer neighborhood for less than $200k. Buyers are much more savy than RE Agents give them credit and have lots of tools available for their home search. Knowing this, why would I even look at this one when it is VERY overpriced for our market.David in JAXhttps://www.blogger.com/profile/09371542144837323413noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-36910889562746595062007-05-24T08:36:00.000-04:002007-05-24T08:36:00.000-04:00Hi David. Thanks for stopping by my blog. I am so...Hi David. Thanks for stopping by my blog. I am sorry you don't like this house! My seller is getting very discouraged :(<BR/>I just can't figure this market out! This home is the very best value in the area and still, no buyers. Lots of lookers, just no buyers. I think when the market finally settles down, this home will sell fast. We'll see! <BR/>In the meantime...let me know if I can help in your home search. I would be happy to keep an eye on MLS and send you info that matches your criteria via email. Let me know if you'd like my help.Ronda Densford, REALTORhttps://www.blogger.com/profile/16381842692494706165noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-16053422946371352172007-05-24T08:18:00.000-04:002007-05-24T08:18:00.000-04:00David, I agree with your assertion that the Feds s...David, I agree with your assertion that the Feds shouldn't try to "fix" the current real estate situation. The actual author of the article I quoted, is quite a Guru in the industry. I usually agree with him across the board. This time, I don't. I think the market is trying desperately to correct itself, but I see no end in sight. I agree with you that the Feds will raise the rates this year. What that will do(?) I don't know. All I know is this: To call a 228K home a "starter home" is insane. How many newlyweds, or new parents do you know that can afford a $1500(+) house payment? Wow!Ronda Densford, REALTORhttps://www.blogger.com/profile/16381842692494706165noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-12782043343517185762007-05-23T14:07:00.000-04:002007-05-23T14:07:00.000-04:00Though I don't like the house, I love your blog. ...Though I don't like the house, I love your blog. I just found it today. I appreciate your honesty. As someone who is actively searching for a home in Jacksonville, I have found that most Jacksonville agents continue to lie about the condition of the market. I believe you will build a stronger business with honesty.David in JAXhttps://www.blogger.com/profile/09371542144837323413noreply@blogger.comtag:blogger.com,1999:blog-5820814098123090781.post-62237402981593364932007-05-23T13:58:00.000-04:002007-05-23T13:58:00.000-04:00Very interesting information. I agree. The local...Very interesting information. I agree. The local media has continually sugar coated the Jacksonville area housing market for the last year. The Times Union has continually gone out and published fluff pieces that might as well be advertisements for NEFAR and NEFAHB. I can’t even count the number of times I’ve read/heard “it can’t happen in Jacksonville” or “Jacksonville is doing much better than the rest of the country” and “the local economy will keep the Jacksonville housing market strong” when the data show that Jacksonville is actually one of the worst RE markets in The United States. The data show <B>BIG</B> price declines coming this way for the area, but the local media acts like nothing is happening.<BR/><BR/>With that said, I disagree with your thoughts on The Fed. It is not The Fed's job to help out the housing market, especially when the market completely lost touch with it’s fundamentals over the last several years. The Fed’s sole job is to control inflation. With inflation at higher than expected levels, The Fed should increase interest rates and increase the reserve requirement to help combat problems we are seeing with the Dollar. We also have to remember that home prices are not counted in the consumer price index. Rents are used in lieu of monthly mortgage costs even though about 2/3 of Americans are homeowners. If you add in the increased cost of home ownership over the last several years that most American’s are experiencing, you can see that The Fed must hold or increase rates to force home prices down to combat another area of inflation.<BR/><BR/>My prediction (as an untrained economist) is that The Fed will increase rates in late 2007 or early 2008 if home prices do not come down faster and if CPI is not held in check.David in JAXhttps://www.blogger.com/profile/09371542144837323413noreply@blogger.com