There are a few things in our lives that tie us all together. Our community is one of them, which is why we look at so many of the fun activities that happen across the First Coast. Another element of our lives that always seems to pull us together is the job market in the area where we live. Luckily for Jacksonville, the job market has been looking good as of late. This is great news for many people who are hoping to purchase a home. Following the housing crisis of several years ago, steady income is paramount to getting a good mortgage rate and getting approval on the home of your dreams.
In November of 2013 the unemployment rate in Jacksonville was 5.86. In December it was 5.6. This is a significant drop to happen over the course of just a month! This rise in employment opportunities can likely be credited to the surge of shopping that happened across Jacksonville during the Christmas and holiday season. However, there hasn’t been this much of a surge in years past. This means that not only is the job market strong enough to allow people to start shopping at the holiday’s more—but the job market in Jacksonville is so strong that it actually helped the job market prosper even more this holiday season!
A community with access to steady jobs is wonderful for property sales in Jacksonville. When people can afford to buy homes the competition around property sales thrive. People become more willing to purchase income properties and this creates more rental property management opportunities in Jacksonville, too.
The thriving job market in Jacksonville is overall great news for all of us. We look forward to the many opportunities that 2014 is expected to bring!