There are many graphs and charts showing the housing market, but I like this one. This one is different in that it shows the actual emotions of what we feel as homeowners going through a major real estate cyle like we have all just experienced.
We are currently seeing the "Point of Maximum Financial Opportunity". How long will it continue has been argued by many economist. Doesn't matter. The main point is that now is a great time to buy a home in Jacksonville, FL......especially waterfront homes!
If you are already a home owner, notice the graph goes up and goes down. We are always somewhere on this cycle as the cycle will keep going on forever. Amazingly, home prices always go up over the long term. Proof: Not many people will agree to sell a home for what they paid for it in the 80's!
Have a home to sell but are upside down? You obviously need to move for a reason, so consider a short sale. Agree to sell, get it over with, and know this cycle exist when you are ready to buy the next home. Read this post to see if you have the potential to qualify for a short sale.
Ready to find a home in Jacksonville? Need to sell a home in Jacksonville? Make sure to work with a Professional Jacksonville Real Estate Agent.Posted by Brad Officer on