Monday, June 20, 2011

Jacksonville Real Estate market in the news


  • According to real estate website Trulia, Jacksonville is one of the top markets for international real estate buyers. Ten of the 24 most popular U.S. cities for international buyers are in Florida, with Jacksonville ranking 9th among Florida cities.

  • Trulia also says Jacksonville continues to be one of the best places to buy a home instead of rent. Trulia calculates the price-to-rent ratio compared to the median rental cost on two-bedroom apartments, condominiums and townhomes listed on their website. A price-to-rent ratio of 1-15 means owning a home is much less expensive than renting; Jacksonville™s ration of 9 is 7th best in the nation.

  • It™s also a great place for investing in real estate. Jacksonville tied for 5th in SmartZip™s Best Large Investor markets.  SmartZip uses a relative rating of the property's investment potential for buyers purchasing as a rental. It is based on a risk-adjusted financial assessment of the property's projected ability to generate cash flow and annual investment yield over a 10-year holding period. Properties that score above 50 are expected to outperform the market; Jacksonville properties averaged 61.

  • And although a lot of news we are seeing is dismal, at least one aggregator says Jacksonville market is the 6th best performing real estate market in the U.S. According to their release, instead of choosing performance, CoreLogic chose to compare share of new-home sales during 2010, because if a market is near the top for new sales share then it's most likely doing relatively well.


What does all this mean? Simply, if you are waiting to buy, to sell, or to invest, you may be missing out. Today™s market has a number of options that you might not have considered. Give us a call today to talk about what we can help you do to realize your dreams!

Jacksonville Real Estate market in the news


  • According to real estate website Trulia, Jacksonville is one of the top markets for international real estate buyers. Ten of the 24 most popular U.S. cities for international buyers are in Florida, with Jacksonville ranking 9th among Florida cities.

  • Trulia also says Jacksonville continues to be one of the best places to buy a home instead of rent. Trulia calculates the price-to-rent ratio compared to the median rental cost on two-bedroom apartments, condominiums and townhomes listed on their website. A price-to-rent ratio of 1-15 means owning a home is much less expensive than renting; Jacksonville™s ration of 9 is 7th best in the nation.

  • It™s also a great place for investing in real estate. Jacksonville tied for 5th in SmartZip™s Best Large Investor markets.  SmartZip uses a relative rating of the property's investment potential for buyers purchasing as a rental. It is based on a risk-adjusted financial assessment of the property's projected ability to generate cash flow and annual investment yield over a 10-year holding period. Properties that score above 50 are expected to outperform the market; Jacksonville properties averaged 61.

  • And although a lot of news we are seeing is dismal, at least one aggregator says Jacksonville market is the 6th best performing real estate market in the U.S. According to their release, instead of choosing performance, CoreLogic chose to compare share of new-home sales during 2010, because if a market is near the top for new sales share then it's most likely doing relatively well.


What does all this mean? Simply, if you are waiting to buy, to sell, or to invest, you may be missing out. Today™s market has a number of options that you might not have considered. Give us a call today to talk about what we can help you do to realize your dreams!

Monday, June 6, 2011

How long will these great mortgage rates last?

News from one of our preferred lenders, Craig Weeks, of Wells-Fargo:




The 10-year treasury dropped below 3.00% today for the first time in 6 months.  This has pushed our  rates to 4.375%. WOW!  




Now, the question is, how long will it last?  


Did you know each 1% increase in rates, reduces a borrower's buying power by 10%?   In other words, to have the same payment one could borrow $150,000 at 4.375% or $135,000 at 5.375%.     This should create a sense of urgency for buyers.



Are you sitting on the fence, waiting to see what prices and rates will do? Don't wait. This may be one of the best times - ever - to move up to a home you've always dreamed of.


Contact us today to get started...

How long will these great mortgage rates last?

News from one of our preferred lenders, Craig Weeks, of Wells-Fargo:




The 10-year treasury dropped below 3.00% today for the first time in 6 months.  This has pushed our  rates to 4.375%. WOW!  




Now, the question is, how long will it last?  


Did you know each 1% increase in rates, reduces a borrower's buying power by 10%?   In other words, to have the same payment one could borrow $150,000 at 4.375% or $135,000 at 5.375%.     This should create a sense of urgency for buyers.



Are you sitting on the fence, waiting to see what prices and rates will do? Don't wait. This may be one of the best times - ever - to move up to a home you've always dreamed of.


Contact us today to get started...