Jacksonville Beaches Real Estate

APRIL-2010 Newsletter Housing Trends eNewsletter Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general. The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more. Please click here to view the APRIL-2010 Newsletter Housing Trends eNewsletter. If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.

Florida: Like California, home sales are up, and so are foreclosures and defaults. For the eighth month in a row, existing home sales rose--18%--in April, with existing condo sales up too--21%, according to Florida Association of Realtors’ numbers. The state, along with California, Arizona, and Nevada, powers the nation’s foreclosure abyss--10.6% of the mortgages in Florida are “somewhere in the process of foreclosure,” according to the Mortgage Bankers’ newest Delinquency Survey. This info from Florida Assoc of Realtors site. This just means that we're nearing "the bottom". These new and improved, lower prices will be around for a while and once the "distressed homes" are sold-- prices will begin to increase again. Buy now while the prices are low and interest rates are low. With all of the bailouts and now the proposed National Healthcare System looming...inflation will hit us next. The days of very high interest rates aren't too far off. How else can

...A day after the U.S. Commerce Department reported a surge in the sale of new homes across the country, FAR reported that sales of existing single-family homes in the first quarter of 2007 fell 26 percent in Florida, while the median price dropped 3 percent to $237,000. In Jacksonville, sales dropped 14 percent from the first quarter of last year and the median price edged up 1 percent to $199,500. Sales were down by at least 9 percent in 19 of the 20 markets tracked by FAR. Jacksonville was one of only six markets that saw an increase in the median price, with none more substantial than the 4 percent increase in Tallahassee. In the condominium market, things were even worse. The median price of an existing condo in Jacksonville dipped 7 percent to $152,300, and sales were down 23 percent from the first quarter a year ago. Sales were down 30 percent statewide and the median price was up less than 1 percent to $210,800... This info was provided by FAR (FL Association of Realtors) and