My New Blog

As 2007 comes to an end, we ponder what the new year will bring for the real estate market.  Many economist attempt to predict what will happen within the next year stating that the market will pick up by summer 2008. More importantly, what will happen to Jacksonville's market?  I still stand by the fact that Jacksonville has not suffered as badly as other parts of the Sunshine state and I am optimistic that the market will increase in sales but maybe not as much in appreciation.  San Marco, Oak Hill Manor, Cecil Field (up 300+% in sales and volume sold), Downtown/Northbank, Ponte Vedra Beach-West of A1A, Southwest World Golf Village (up 105% in sales) were all up in sales and volume from 2006.

As always, its a great time to buy.  Buyers who are considering purchasing instead of renting, should evaluate their current household costs in comparison to purchasing their own home.  I closed several homes in the month of December and I was amazed when my customers were thrilled that their mortgage payments were going to be slightly more than their rent!  And with interest rates as low as 5.75, I'm hopeful that the market will continue towards a healthy market for 2008!