As far as housing sales go, the first two months of 2014 have been a massive success—something that is giving home buyers, sellers and real estate experts alike a great deal of hope in regards to their expectations for 2014.
Across the United States, housing sales started off high in 2014, much higher than they have in the past several years.
In January, home sales rebounded to a number higher than it has been in the past 5 years. Many experts are saying this burst of home sales is the result of a drastically slowed market from last year—a market that was slowed down by severe weather and rising mortgage interest rates.
Steady job growth, an overall healthy economy and increased interest in the housing market are expected to encourage housing sales throughout 2014. This is anticipated to be a good year for property sales in Jacksonville, Florida, as well as throughout the rest of the country. In Jacksonville, there are a lot of new property projects that will be for sale this year.
This includes the highly anticipated 220 Riverside housing and retail complex in the Brooklyn neighborhood near downtown.
With the market being in such great shape, there are a lot of people very excited about purchasing a new home. This is causing many renters to think that it is time to step away from rental property management in Jacksonville and to finally move into the more stable housing market by exploring their property sales options.