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Florida Housing Market 5-Yr Forecast
Home values will rise steadily but slowly. Inventory will grow, easing competition.
Read MoreMortgage Rates Ease For Second Straight Week
Mortgage rates dropped this week, with the average rate for a 30-year home loan now close to 7%, down from 6.99% to 6.95%. A year ago, the rate was at 6.69%. Factors affecting mortgage rates include the bond market response to the Federal Reserve's interest rate policy and changes in the 10-year Treasury yield, which…
Read MoreIs Jacksonville a Buyer’s or Seller’s Market in 2024?
Jacksonville offers a balanced market for buyers and sellers, with opportunities for negotiation and moderate sales times.Compared to other Florida cities, Jacksonville boasts a more affordable housing market, making it attractive to budget-conscious buyers.
Read MoreCity Living Preference Drops to 20%: Why?
Preference for city living dropped from 25% in 2018 to 20% recently. Suburban living preference increased from 42% to 46% over the same period.
Read MoreFlorida Provides Hurricane Relief Resources
Community Support: The Department of Financial Services offers programs to help Floridians prepare for hurricanes.My Safe Florida Home: This popular program provides grants to strengthen homes against storms.
Read MoreJacksonville Pioneers Florida’s First Affordable Housing Fund
Jacksonville faces a shortage of 40K affordable housing units. Proposal for Duval County's affordable housing fund presented.
Read MoreAlmost Everyone Makes These 5 Home-Buying Mistakes
Neglecting maintenance costs can lead to financial strain, with unexpected repairs averaging $500 to $600/mo. Rushed purchases risk overlooking crucial factors like location noise and crime rates, causing potential regrets later on.
Read MoreHappy Father’s Day
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…
Read MoreBuying vs. Renting: Why Owning Makes Sense
Build equity and wealth: Owning a home allows you to build equity with each mortgage payment, investing in your future instead of a landlord's.Stability and customization: Owning a home provides stability and the freedom to personalize and improve your living space to your taste.
Read MoreFlorida First-Time Buyers: 6-Figure Income Required!
National home affordability data shows a 50% increase in required salaries since January 2020. In Florida, a six-figure income of around $114,771 is necessary to buy a home comfortably in 2024.
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