Should I Buy a Home in 2022

Should I Buy a Home in 2022?

Are we all missing a major home buying opportunity?  

From 2020 - early 2022:

In 2020 through early 2022, rates were low, very low.  Everyone knew it! 

Buyers knew it was an incredible opportunity to buy a home at record low interest rates.  The big benefit to record low rates was lower monthly payments.  HOWEVER - most home buyers I've ever known will typically buy the home that matches their desired monthly payment.  Not the other way around.... think about that for a moment.  

Sellers knew it was an incredible opportunity to sell their homes because MORE buyers could afford their home.  Essentially, this created an ideal market for price appreciation, and that is exactly what happened.  

Home prices…

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Should I sell now or wait till Corona Virus is over?

A lot of home owners with big plans are going through this internal debate right now. A lot of questions are starting to float around.  Here are some of the questions we've fielded:

Are people still buying homes during the Corona Virus Pandemic?

Should I sell now while prices are still high?

Are home prices going down because of Corona?

Should I wait till the Corona Virus is over to sell my home? 

I'll answer all of these independently, but to summarize my recommendation:  You should only sell now if you meet all or most of these bullet points:   

• Your home is market ready:  It's tight, nothing left undone, it's super clean and decluttered, no outstanding maintenance, no "ugh" factor when a Realtor walks through with their…

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Is the housing market going to collapse in Florida?

Popular question from many of my friends and past customers as it relates to the Corona Virus and these strangely odd times we are currently living in:  Is the housing market going to collapse in Florida?  

Will Corona Virus cause the housing market to crash?

There are plenty of smart people calling for a housing crash in 2020 due to the Corona virus.  They have well founded research to support their claims of a housing collapse in 2020.  They have beautiful graphs with well labeled bar charts and colorful trending lines pointing in all sorts of directions.  They have well written arguments that are much more eloquent than my style of writing. But is this just shock journalism?  Is this just trying to prey on the public's fears? 

Will the…

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How Fast Our Market Changes

Our local Jacksonville real estate market can change quickly.  This was our show topic on our weekly radio show on WBOB this week.  If you haven't caught the show, it's every Wednesday from from 2-3pm live on WBOB 101.1 or AM600.  We had a good amount of feedback, so I wanted to share it here in a more visual way.  It's an ever changing market, and if there was ever an opportunity to sell at a high, we are there!  

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Summer 2017 Market Report

The Jacksonville real estate market has been strong all summer with both strong demand for housing and affordability still being very high in our marketplace.  Mortgage rates remain low, but this will certainly change sooner than later with the Feds announcement of more "systematic" rate increases.  

If you've been thinking of selling your home, this is the time!

Would you like an accurate estimate of your home's value, or do you have questions about your specific neighborhood?  Give me a call or text anytime:  904-234-5196   - Brad

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Market Report Early 2017

The Jacksonville Real Estate Market Early 2017 Report

This is the Early 2017 Report that shows JUST residential sales through January in Jacksonville.  This does not include Ponte Vedra or any of the St Johns activities.... again, just Duval county.  

Major point on this infograph:  Our ACTIVE Listing inventory is way down, so there are less homes on the market compared to the same period the year before. Interestingly enough, the year before was WAY down from the previous year's stats.  This has continued to be the story of our local Jacksonville real estate market.... shrinking inventory, and Buyer demand!

Infographic for our Local Jacksonville Real Estate Market:

It's time to get into the market!!!  

Search Homes For Sale in…

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Jacksonville Real Estate Market Predictions: 2017 Edition

We have a meeting of the minds as to what our predictions will be for the next calendar year.  This year was no different.  We started compiling our list, and made sure to include the "no shit Sherlock" predictions as well as the more "huh - not so sure about that one" predictions.  

• Rising Mortgage Rates:  Yep - it's already happening and will continue to happen as long as we are seeing a stable economy ahead.  
• More Transactions:  It's been a trend year over year since the dog days of the bust years.  
• Price appreciation slows:  I believe we are near the top of our current "arch".  "Current" being the key word there.
• Move Up Buyers are a MAJOR influence this year:  In Jax, we've had too many people S T U K (4 letter word) for too many…

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2017 The Year of The Move Up

We just finished our Radio show for the week, and our topic was a hot one:  

2017, The Year of the Move Up!

Show notes:

Why we believe 2017 is the move up year.......

First we have to understand demand is building.

1. MANY homeowners in Jacksonville have been STUK (4 letter word) for nearly a decade.
1. Not anymore:  Prices are up, and principal balances are down!
2. Katy bar door! With these homeowners finally above water, MANY will choose to make the move this year.
2. MORE Buyers entering the market.
   1. Millennials are coming of age with real income, real families, and real money.  They are deciding to buy their first homes, but they are skipping the small starter homes and often times buying that next level up... which is…

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Mortgage Rates are On The Rise in 2017

Time to make your move in 2017!

If there has ever been a time to capitalize on moving up, this is the time!  

That's right, make your MOVE UP in 2017 and benefit by both selling high and buying low.  How can that be?

1. Selling High:  We have just finished several years of above average real estate appreciation.  In 2016, Jacksonville realized an 8%+ annual appreciation!  Your house is most likely worth more than you think.  Will this trend continue?  No one knows for sure.  There certainly appears to be a rise in overall consumer sentiment, and our local Jacksonville economy is growing so signs are pointing to positive.  
2. Buying Low:  Rates are historically low, which gives you increased buying power.  That's right, you'll be able to buy…

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Impact of Housing Inventory on Home Prices

As home owners, we are all concerned with the values of our homes.  Obviously we'd love if the values always went up, but that hasn't always been the case in the month to month housing market in the Jacksonville area.  Anyone who lived through the housing and stock market crash in the 2007-2008 timeline can certainly attest to the fluctuation in home values.  

Here we are many years removed and many percentage point increases over the lows of 2012.  Many areas of Jacksonville and the surrounding areas have seen great increases in values while others have seen very slow increases or even flat to borderline decreases.  

Why do some areas appreciate rapidly while other areas (very nearby) in the same town, depreciate?

It all comes down to your Econ…

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