Real Estate News
When exploring potential properties, home buyers explore every nook and cranny of the home. They’ll look behind the door, under the carpet and in the crawl space of your attic. As they meander through your current home trying to envision what their own lives may be like if they chose to buy your property, they will leave no inch of the home un-turned. And if there is one aspect of your home that will never be overlooked, it is the closets.
2015 NEFAR President Sally Suslak to Represent Northeast Florida at World’s Largest Real Estate Trade Show Suslak to attend MIPIM in Cannes, France to showcase Northeast Florida to 21,000+ attendees…
It is that time of year again: hurricane season. During this time of year a massive storm could be just around the corner. One day it is sunny and the sky is blue, and the next day we are heading warnings about 50 mph winds and rains that could flood our entire street. When you are searching for property sales in Jacksonville during this time of year, it is a good idea to take a few considerations into mind before making a purchase on your new home.
Recently, the United States Census Bureau released the population estimates for the nation’s largest cities, and it would appear that Jacksonville is getting passed in the population department by a good handful of towns and cities across the country. The reason for this may be due to the many foreclosures in Jacksonville, which could have artificially reduced the population numbers for the First Coast over the past several years. However, with as many property sales in Jacksonville as there are, we can expect our city to continue to grow and to regain its former population level in no time at all.
Following One Spark, there are a lot of people who have their attention turned to the urban core at the moment. This is an exciting time for downtown Jacksonville, especially in regards to real estate development and property sales. There are a decent amount of improvement projects that are underway at the moment, and this is exciting news. New projects means new opportunities for the development and growth of downtown, which has earned a special place in our hearts, as it is the heart of the First Coast.
Don’t be surprised if your new property sale in Jacksonville gets a visit from an Amazon delivery drone next year. That is, if Amazon’s plans are able to move forward as currently planned. The multi-billion dollar online company announced at the end of last year that they are indeed experimenting with drones, and what is more, Jacksonville is going to be one of their test markets.
Take a drive down Riverside Avenue and you’ll be blown away by the progress that is happening at 220 Riverside!
The basic foundation of the building is up and we are starting to see some of the fabulous details that we’ve seen advertised in the conceptual images they’ve put out for us to enjoy. All appearances would say that the entire plaza will be absolutely ready to go by their projected Labor Day deadline.
This is fascinating news for us here in Riverside as we are anxiously awaiting the opening of this center. Now that we can see the construction moving along so well, we want to know who is going to be there!
Often, when looking at property sales and rental property management opportunities, it is hard to separate yourself entirely from thinking about the economy in general. The economy is so closely tied to the housing market that they two topics are frequently talked about hand in hand.
Jacksonville has long had a poor reputation when it comes to sustainable transportation. Ranked the least pedestrian-friendly city in the United States, the First Coast may have been the original city in the United States, but it has certainly fallen behind in terms of ease of commute. Thanks to the vast space between our different neighborhoods and the highway system that connects each pocket of Jacksonville to another area, biking and walking around town isn’t always that easy.
There are a lot of things people look for in a new home. Some of the most common factors include a large bathroom, a certain number of bedrooms or a fenced in yard. But whether you are looking at property sales in Jacksonville or are hoping to take advantage of some of the great rental prices on properties through rental property management, there is one factor that just about everyone considers: your commute.
It might feel like everywhere you look there is new construction to accommodate incoming homebuyers from all around the world. Florida is a favorite destination for those escaping the snow, and is especially known as the place to go for those looking for a comfortable retirement spot surrounded by plenty of golf and beaches that stretch the length of the state.
In recent years, many people have grown personally acquainted with the foreclosure process thanks to trouble with their mortgage. In some situations, these Jacksonville foreclosures were actually the fault of fraudulent activity at the bank, and now, those banks are paying the price.
The Urban Land Institute is a Florida-based nonprofit organization that works towards creating and sustaining thriving communities across the world. The group works in partnership with real estate firms across the world to build and support neighborhoods and other community initiatives. Every year, the Urban Land Institute puts out a report concerning emerging trends in the real estate market. The report is partially sponsored by PricewaterhouseCoopers, the second largest professional service firm worldwide.
One Spark may only come once a year, but the spirit of the community oriented event seems to have taken hold. Plans have been announced to update the Hayden Burns library downtown into an office space dedicated to non-profit organizations. This is a huge undertaking, and the project is not expected to be finished until the end of 2014 or even the early months of 2015.
Across the United States prices of property sales are on the rise, and this has many current property owners excited about the prospect of selling their homes. However, while higher prices might sound great for those trying to sell their homes, this information should come as a word of caution as those looking to buy.
Jacksonville has a lot in common with New York City. To start, one of the oldest neighborhoods in Jacksonville shares its name with one of the most famed Burroughs of New York City. In Jacksonville, the Brooklyn neighborhood sits just between Riverside and the downtown area—very close to where the new 220 Riverside project is being developed.
Plans are in the works for the development of a $40 million dollar project in Avondale called Fishweir Creek, but they are not moving forward without a bit of a struggle. The project is for a mixed-usage property that would include more than 350 apartments and at least 42,000 sq. footage of retail space.
Owning a home has long been a staple of the American dream. Buying a home offers a form of stability. Owning a property is associated with higher grades among children, and those who purchase and gain equity in a home are often able to secure more financial stability later in life.
What size home are you looking for? Turns out, the size of your desired home might have something to do with your age. This probably doesn’t come as too much of a surprise to many people who are looking at property sales in Jacksonville. After all, your age will have a huge impact on what you are looking for in a home. The young couple with a growing family needs something different out of a home than a retired couple looking to downsize. While there are certain common trends, the example doesn’t always make the rule.
The Florida consumer confidence index is a monthly survey report that gages the attitude of Florida residents on certain economic factors. Questions like “are you better off financially than you were a year ago,” and inquiries into the expectations one holds concerning financial gains within the next year are asked, and scores are given for each answer.
The second half of 2012 has been witness to an increase in housing prices across the United States, and this has impacted the price of property sales in Jacksonville, as well. Florida foreclosures are especially experiencing an increase in pricing cost, as the homes that were selling at the bottom of the market have experienced the greatest growth in selling price over the past year.
There has been a big change in the tone of the housing market in Florida, as property sales in Jacksonville as well as throughout the rest of the state continue to rise, and the number of non-distressed property sales is once again outnumbering the amount of foreclosures and short sales in the area.
Is an expanded commuter rail the next step for Downtown Jacksonville? Downtown Jacksonville is notorious for being difficult to drive around and park in. With an abundance of tall business buildings, the downtown area is home to only a small number of families considering the city’s size, and the amenities in the downtown area reflect the lack of population that calls the downtown region home. The city is home to ones small rail line that connects the most inner portions of downtown Jacksonville and San Marco. While catering to businesses and alleviating some traffic congestion from the downtown area, most agree that this small rail line doesn’t go far enough.
It has been four years since the housing crisis in 2008 shifted the fate of thousands of Americans by forcing them underwater on their homes, making mortgage payments difficult to impossible to pay. Since 2008 more than six million homes have been foreclosed on. While those foreclosures in Jacksonville gave many people opportunities for more inexpensive property sales, it also meant that as many as six million families were forced out of their homes. Where all those families decided to live after losing their homes is as varied as anyone could imagine, but four years later many of those families are returning to the housing market in search of new property sales.
Could the housing market give the economy a much needed boost in the upward direction? Thanks to the trends in the housing market over the past five years, most people would be pretty hesitant to start talking about the housing market in a positive light. However, recent trends in the housing market indicate a rise in potential home buyers coupled with a decrease in the amount of time homes are staying on the market, and experts are now saying that these positive trends could help with a much broader economic recovery.
A number of surveys and economic trends coming out lately indicate that the economy and the housing market are on a positive swing. This is especially true here in Jacksonville, where the city ranks within the top 100 improving markets in the entire United States. The downtown core of Jacksonville is also experiencing urban revival and homes throughout the First Coast are spending less time on the market before finding a buyer.
To everyone who is looking at Jacksonville property sales and Florida foreclosures in the First Coast area, congratulations! Jacksonville has experienced a boost in property sales as of late, and it is thanks to the growing interest in property management and value by local residents like you.
It is a matter of basic economic principals—supply and demand. Since 2008 and the onslaught of economic hardship in the United States, more people have turned to renting their homes as property ownership became less of a possibility for many people. The rise in Florida foreclosures contributed to this, as families, students and young professionals all sought temporary housing and support from rental property management.
Well, maybe thriving is an overstatement—but it is a fact that more and more renters are flocking to Downtown Jacksonville. Rental property management in Jacksonville’s downtown area has always taken a backseat to the more suburban communities on Jacksonville’s Southside or near the beaches. But that is all starting to change. For an area that is low on rental opportunities and high on vacant buildings, the urban core of Jacksonville is seeing a great deal of traffic by young professionals who are hoping to rent homes closer to where they hope to also find work.
When we talk about the state of the real estate market, a lot of people think immediately of single family homes and property sales in Jacksonville. However, the construction of multifamily homes and the need for property management in Jacksonville are also signifiers of improved health in the real estate market.
As of September, a new Housing Price Index will be introduced in Florida statewide. This means more ability to track changes in Florida foreclosures and property sales prices throughout the state, including here in Jacksonville.
Property owners across Florida are finally starting to breathe easier as the housing market is keeping to a positive track in the sunshine state. Median home prices, pending property sales and closed sales all increased in the month of July, while the number of homes and condominiums on the market in July dropped.
As the generation of baby boomers continues to age, more and more talk has been allocated to the discussion of the housing market and property sales for the 55 and up crowd. Are boomers going to stay put or are more retiring Americans going to continue selling their houses and move towards sunnier shores. Florida foreclosures have been a point of interest for many adults who choose to move to Jacksonville and other areas of the state as they retire, but there is still a large market of new construction homes for adults 55 and up.
It’s impossible to predict the future, so when it comes to predicting and anticipating shifts in the housing market it is all experts can do to look to the past and consider if what happened once might happen again. While the housing bubble of the 1980s was only moderate in comparison to the bubble of the 2000s, it is possible to look at that situation and gleam a few pointers as to what might be the best course of action for potential buyers now.
There is a lot of talk about the benefits of owning a home. Owning your own home provides investment opportunities, opens the door to additional tax deductions, gives the owner more borrowing power and offers an increased sense of stability that often benefits the entire family. However, purchasing a home isn’t right for everyone. Whether you aren’t willing to commit to a location, are hoping to grow more in your career before you buy or aren’t willing to take on the responsibility of owning a home for whatever reason, renting is a viable option that comes with a slew of benefits of its own.
As someone that grew up in the neighborhood, the expansion planned for Kickbacks is much anticipated. The plan has gone from adding a couple of seats and a much needed expansion…