On December 4th, Florida Realtors received a lawsuit. The lawsuit makes accusations of inflated broker commissions and violation of antitrust laws. Sitzer/ Burnett Case On October 31, 2023, the Sitzer/Burnett case received a verdict. It was a landmark day in real estate. In short, approximately 500,000 Missouri homeowners filed a lawsuit against the National Association […]

We’re excited to share two new townhome developments in Jacksonville: Terraces at San Marco and Calissa Cay. Jacksonville has experienced tremendous growth, earning its place among the top 5 “Boomtowns” nationally during the pandemic, according to a Lending Tree Study mentioned on Jacksonville.com. As a result, developers are actively creating new projects across the city.

The Landing: A New St Johns County Housing Development PulteGroup Purchase On October 31,2023 the Atlanta based PulteGroup purchased 963 acres of land in St. Johns County to develop The Landing.  The land is located south of Greenbriar Road and west of Longleaf Pine Parkway. The deal had a price tag of $17.346 million, according to

Two commercial real estate highlights in our Jacksonville Beaches area: sale of the Taco Bell location and an acquisition for the First Coast Cultural Center. The Fluid Realty team is best known for our work in residential real estate.  However, we also love commercial real estate. We have the privilege of working on some exciting commercial

Programs are available for home buyers and builders. In this article we will feature Foyer and Lock It & List It. New Economic Data Economic data was released earlier this month that revealed weakening conditions.  Subsequently, Movement Mortgage posted a market update stating: “While these events have exerted downward pressure on yields, it is important to remember that

Rates Update: Interest rates remain unchanged after the November 1st meeting of the Federal Open Market Committee.  Mortgage rates are steadily around 7.8% but will continue to go up into the mid 8% range.  Keep in mind, a mortgage rate of 7.8% is for borrowers with a perfect credit score of 760 or higher and a low debt to

What is the minimum income needed to afford homes in First Coast’s wealthiest zip codes? Purchasing a home is the largest financial decision most of us will ever undergo.  It’s a huge investment.  An emotional investment, too, as it shapes so many other areas of our lives.  It can be complicated to have a solid understanding of your

Jacksonville ranks favorably in home affordability when compared nationally, according to a recent report. Home Affordability in Jacksonville Beach’s Real Estate Market is a concern for many homebuyers.  The main reason for this is the national issue of interest rates reaching a 23-year high of 7.5% according to Freddie Mac. A recent report by Insurify ranks the Jacksonville metro area

Buyer Demand is Higher than it Appears. It’s no secret that we’re in a difficult real estate market for homebuyers.  Interest rates are high.  Home prices are high.  Inventory is low.  According to Jessica Lautz of National Association of Realtors, we’re facing the “most difficult affordability conditions in nearly 40 years” as quoted in Florida Realtors recent article.  These factors are

Historically, the month of September is a time in which the Jacksonville Beach real estate market starts to see a downturn.  This month, as expected, we’re watching the red-hot market of summer begin to fade into a slower autumn market.  With this said, we still anticipate another increase in activity before the holidays bring the market to