Our team has been running wide open for months now!
The summer buying season hit and it has been another great summer as Jacksonville home prices are so affordable and rates are at historic lows. It's been the perfect storm for those who can purchase and those who can sell.
In Jacksonville we are still seeing about half the market as distressed sales, which is made up of short sales and bank owned sales. This is a trend I don't see letting up anytime soon.
Despite all the positive real estate news, the fact remains the values of properties dropped in Jacksonville by some 30-40%+. It will take a long time before many of those home owners are back to even. Add the high unemployment above 9% and I believe we will continue to see distressed…