Home sales up 12.9% in NE Florida
From WOKV News Talk Radio Jax
Jacksonville, FL —
In February home sales were up 12.9% from a year ago in northeast Florida. The Northeast Florida Association of Realtors is reporting sales are up but prices are down 12.9%.
NFAR communications director Melanie Green says most of the homes sold last month were not traditional sales. "The sales that occurred in February were weighted heavily by lender mediated sales, those are your foreclosed and short sales." She says that's a bit of bad news but it does indicate that investors are coming back into the market.
We also heard from consumer warrior Clark Howard. He says right now is the perfect time to buy, the reason being that the timing is right. "If you're buying a home now, man everything is smiling on you, the prices are phenomenal on the homes, the cost of money to borrow and finance those homes is still great, and this is not a gotcha this is an opportunity."
I can't argue with the experts!! Call me today!
Showing posts with label It's a buyers market in Jacksonville. Show all posts
Showing posts with label It's a buyers market in Jacksonville. Show all posts
Monday, March 21, 2011
Monday, June 1, 2009
What do you mean the house is sold?
Oh my gosh. I think I'm making believers out of my buyers these days! I'm NOT using car salesmen tricks by saying "you better buy it now or it'll be gone". Read my lips: you better put an offer on it or it will be gone!! I kid you not. That's how hot the Jacksonville market is right now. First time buyers are gobbling up the houses in the 100-185,000 price range like I can't even believe. This is a hot, hot price range and the inventory is there to give everyone lots of choices.
The $8000 credit towards closing costs is really going to help a LOT.
Call me today and let's go find one of these bargains for YOU!
The $8000 credit towards closing costs is really going to help a LOT.
Call me today and let's go find one of these bargains for YOU!
Wednesday, February 25, 2009
FL Market Out of Control!
News from Florida Assoc of Realtors is a mixed bag, to say the least! Sales are way up--with prices WAY down. At least some of the inventory is "going away". There have been lots of sales because of all of the foreclosed properties and short sales. That's okay if you're a buyer....not so good if you're trying to sell your home right now. It's all about PRICE in this market. If you're a seller, you're competing with dirt cheap houses all around you. Now, more than ever, if your home isn't priced right, it's not going to sell. Pure and simple. Here's a little bit of what the experts have to say about this crazy market...
...“Many people are looking at today’s market and seeing opportunities to find the home or business they’ve always wanted,” said 2009 FAR President Cynthia Shelton. “With a range of available housing options, historically low mortgage interest rates and affordable prices, buyers who may have been hesitant before should take a closer look at the current opportunities for homeownership. As real estate professionals who know all aspects of their local market conditions, Florida Realtors are here to help counsel consumers making sound long-term decisions for their homes and their businesses.”
..."NAR’s latest housing outlook shows that home prices continue to fall, but also notes a trend of increasing sales activity in the Florida, California, Arizona and Nevada markets. “It appears some buyers are taking advantage of much lower home prices,” said NAR Chief Economist Lawrence Yun. “The higher monthly sales gain and falling inventory are steps in the right direction, but buyers will continue to have an edge over sellers for the foreseeable future.”
TRANSLATION: Buyers market! Are you thinking of buying a home? Do you know you can get up to $35,000 in firt time buyer assistance? Do you know that you get a $8000 Tax Credit if you buy in 2009? Good grief! What are you waiting for???
Call me today and let's get out there and find YOU a bargain!
...“Many people are looking at today’s market and seeing opportunities to find the home or business they’ve always wanted,” said 2009 FAR President Cynthia Shelton. “With a range of available housing options, historically low mortgage interest rates and affordable prices, buyers who may have been hesitant before should take a closer look at the current opportunities for homeownership. As real estate professionals who know all aspects of their local market conditions, Florida Realtors are here to help counsel consumers making sound long-term decisions for their homes and their businesses.”
..."NAR’s latest housing outlook shows that home prices continue to fall, but also notes a trend of increasing sales activity in the Florida, California, Arizona and Nevada markets. “It appears some buyers are taking advantage of much lower home prices,” said NAR Chief Economist Lawrence Yun. “The higher monthly sales gain and falling inventory are steps in the right direction, but buyers will continue to have an edge over sellers for the foreseeable future.”
TRANSLATION: Buyers market! Are you thinking of buying a home? Do you know you can get up to $35,000 in firt time buyer assistance? Do you know that you get a $8000 Tax Credit if you buy in 2009? Good grief! What are you waiting for???
Call me today and let's get out there and find YOU a bargain!
Wednesday, June 6, 2007
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...
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...
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