No Sign of a Market Crash in Housing

Here is a condensed-quickie take on today's market vs 2008 and why I don't think the market is going to crash. Lending standards are very strict now. In 2008 if you had a pulse, you could get a loan. Wanted to buy 2 or 3 homes?? Let's check that pulse... APPROVED. 

Our inventory remains extremely low. We only have a 3 months supply of homes for sale (6 months is considered a healthy market).

 In 2008 we had a 10 months supply, driving the prices down. There were SO many foreclosures flooding the market, prices had no where to go but down. 

 People aren't using their homes as ATM's. In 2008 people tapped their home equity for cars, boats and vacations. You know, the "essentials". 

The available equity (before hitting 80% of loan to value) is at an all-time high. Only 1.1% of homeowners are underwater (owe more than their house is worth). People with equity have options to avoid foreclosure.

Without all of the foreclosures of 2008 prices will continue to go up in 2024. Slower than 2023, but still UP.

There ya go. Now you know why I think the real estate market isn't going to crash in 2024.

Why should I buy a home in Jacksonville Florida?

Jacksonville, Florida, is a vibrant city that offers a diverse and dynamic real estate market. As the largest city by area in the continental United States, Jacksonville boasts a wide range of neighborhoods, each with its unique charm and characteristics. Whether you're considering buying or selling a property, understanding the key aspects of the Jacksonville real estate landscape is essential. 1. Market Diversity: One of the defining features of Jacksonville's real estate market is its diversity. From historic neighborhoods with charming bungalows to modern waterfront developments and suburban communities, Jacksonville caters to a variety of lifestyles. Understanding the distinct features of each area is crucial for finding the perfect fit for your needs. 2. Market Trends and Stability: In recent years, Jacksonville has experienced steady growth in its real estate market. The city's economy, fueled by a mix of industries including finance, healthcare, and logistics, has contributed to a stable housing market. Home values have seen consistent appreciation, making Jacksonville an attractive destination for both homebuyers and investors. 3. Affordability: Compared to many other cities in Florida, Jacksonville stands out for its affordability. The city offers a range of housing options at various price points, making it accessible to a broad spectrum of buyers. This affordability factor has contributed to the city's popularity among first-time homebuyers and those looking for a cost-effective yet vibrant place to live. 4. Waterfront Living: As a city situated along the St. Johns River and the Atlantic Ocean, Jacksonville provides unique opportunities for waterfront living. Waterfront properties, from riverfront homes to beachside condos, are highly sought after. These areas not only offer stunning views but also access to recreational activities and a laid-back coastal lifestyle. 5. Urban Revitalization: Jacksonville has undergone significant urban revitalization in recent years. Downtown, in particular, has seen a resurgence with the development of new residential spaces, entertainment venues, and cultural amenities. This revitalization has attracted young professionals and creatives, contributing to the city's evolving and dynamic real estate scene. 6. Investment Potential: For investors, Jacksonville presents a promising landscape. The city's strategic location, economic stability, and ongoing development projects make it an attractive option for those seeking real estate opportunities. Whether interested in traditional long-term rentals or short-term vacation rentals, Jacksonville provides diverse investment avenues. In conclusion, Jacksonville's real estate landscape is multifaceted, offering a blend of historic charm, modern amenities, and investment potential. As you navigate this market, consider the unique features of each neighborhood and stay attuned to the city's evolving trends for a successful and fulfilling real estate experience.

Mortgage Rates Creep Up Slightly

Follow the link for detailed information. Mortgage Rates Slightly Lower After Fed Minutes

Halloween Horror Story

Once again it's time for me to repost the scariest real estate story ever! It's become an annual tradition to repost this article. I call it my "List Em and Leave Em" post. Don't let this happen to you!

The names have been changed to protect the slackers and the victims...


I continually hear people say that their realtor bugged them for weeks to get them to list their house with them. They finally agreed to list it and they never saw the REALTOR again!! I'm not exaggerating! Check out this story....

New example of a "list em and leave em" real estate company

JANESVILLE, Wis. - A couple checking out a house for sale were shocked to discover the 55-year-old homeowner dead in her bed. Authorities said foul play was not suspected. Real estate agent Linda stood in the dining room while Justin and Colleen walked through a house Monday night. Before long, she heard Colleen scream."I thought, 'What's wrong?' Maybe it was a dead mouse or something," agent Linda said. But then she peered into the bedroom and saw the body of the owner.

An autopsy determined the owner had been dead for two to three weeks, Rock County Coroner Jenifer K said Wednesday. The cause of death remained under investigation, but the woman appeared to have died of natural causes and no foul play was suspected, the coroner said.

The agent who listed the house, said it was for sale "for a while." Agent Linda said she had noticed a faint odor but thought it was from the mess in the house or the countertop full of dishes. After seeing the body, she said she told the couple: "We need to leave. This is not right. We need to get out of here."

I rest my case! If you want to list your house with someone that will communicate with you---give me a call! I look forward to hearing from you. I promise not to list your house and forget about you!

Week of Valor salutes Military in Northeast Florida

Once again the city of Jacksonville is going all out for a week of celebration and remembrance. We love our military families and we like to SHOW it. Please see the following link to get a day by day run down of scheduled events. http://www.coj.net/departments/military-and-veterans-affairs/week-of-valor.aspx

Jacksonville Open House Blues

Here I sit in a vacant house...waiting for prospects to stop by. I have iced down some bottled waters, I have a wonderful platter of cookies from the Publix bakery, Diet Cokes, Sprite and even the proverbial hard candy bowl!! Only one thing is missing: visitors! I will have to admit that it's about 99 degrees outside and the humidity is around 110%; but still! WHERE ARE THE "LOOKERS". I thought surely I'd at least have a nosy neighbor or two...you always get a few of those. Nope. I guess it's even too hot for them!

This is a cream puff!If you know of anyone looking for a pool home in Arlington in the low 120's--please send them my way.

Wait! Here come some lookers!! Better close up the old lap top and get to work! I have a contract sitting on the counter top...just in case!

Open Houses just don't work anymore I guess. REALTORS have always said that, but sellers don't believe us. Oh well. Jus doin my job...right? Maybe those nay sayers are all wrong! I'll know soon...

First Time Buyers: call me for info on getting $35,000 in down payment assistance!