Jacksonville Real Estate Market Predictions 2016

Our 2016 Local Jacksonville Real Estate Market Predictions

About every year I make predictions for the upcoming year, and like every year past... some are obvious and some are a little more "out there".  So without further delay:

  1. Prices are going up in the under $250k category.  
    1. We see houses that were $140k a year ago and are now $170k+
    2. Well priced homes are selling in days, not months.  
    3. Multiple offers are common under $200k when priced aggressively from the date of initial listing.
  2. Mortgage rates are going up. Duh.
    1. Fed fund rate already increased by a quarter point in late December 2015.
    2. Projections from most economists point towards a consistent and slow increase.
  3. Deals are available when buying! ....in the…

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