Buyers Market in Jacksonville!

...NAR lowers expectations for home sales, prices
Forecast calls for 1.3% drop in median existing-home prices
Wednesday, June 06, 2007Inman News

The National Association of Realtors again lowered its forecast for 2007 existing-home sales today, following a downward adjustment last month, and also lowered expectations for home prices.
Existing-home sales are expected to fall 4.6 percent this year to 6.18 million, compared with 6.48 million in 2006, with new single-family home sales dropping 18.2 percent and housing starts dropping 20.4 percent. Housing starts for single-family units are expected to decline 23 percent this year compared to 2006. From Inman News

This news really surprises me! After attending class at NEFAR for the past 2 days, I was hearing all kinds of optimism from other agents. I think if you're representing buyers, you are loving this market! For those of us that also have listings, it's not all that fun....

To be continued...

Comments

Rain Rain Go Away From Jacksonville Beach FL!

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

Proof that the Real Estate Picture is being sugar coated

I have been watching our own little world right here in Jacksonville. The press releases and the information that I kept hearing just didn't match up with what I was reading right on our own MLS! I knew the national story was bleak too after spending countless hours in newsgroups and doing research. I came across this article and thought it was finally giving some concrete numbers to the dreary picture I have been seeing. See if you don't find the article below VERY credible. Closing Data : We purchase and compile actual home closing data for approximately 181 counties across the country, which captures the counties where about 55 percent of the U.S. population lives and a significant percentage of all of the counties where the large home builders are active. This data shows that sales have fallen 22 percent if you compare sales over the last 12 months to the prior 12 months. On a straight year-over-year comparison, the decline is much more. Mortgage Bankers Association (MB

Jacksonville-Kernan Blvd-UNF Home For Sale

This home is conveniently located near J Turner Butler, Beach Blvd, I-95 and all of Jacksonville! Great family neighborhood with excellent schools and close to shopping and the beach. This home has 3 nice sized bedrooms, a large kitchen, large family room and a over-sized screened porch with 2 ceiling fans. Great place for outdoor dining or a kids play area. Dining room has beautiful Pergo floors and the kitchen has updated tile. Fresh paint, meticulous upkeep and GREAT PRICE make this a "must-see". This house is the very best value in the neighborhood. One house 2 doors down is listed at $260,000 FSBO and the only other home on the market is around the corner at $249,000. We are the best value in Ashwood subdivision!!! My seller is very motivated. Let's talk soon. This home is offered at $228,000.00 MLS#340933 Ronda Densford, REALTOR Platinum Realty Enterprises LLC (904) 885-9907 (904) 241-2386

Jacksonville Beaches Real Estate

Search This Blog