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

Jacksonville Beach Real Estate Market Update for August 2023 The August 2023 Jacksonville Beach Real Estate Market Update is still moving, even as median sales prices continue to rise, right alongside higher and higher mortgage rates.  These trends are bringing the affordability of homes down.  Nonetheless, active market inventory remains steady and the monthly supply,

Purchasing a home in the beautiful coastal city of Jacksonville Beach is an exciting venture, but it requires careful planning and preparation. Among the critical steps, getting preapproved for a home loan in Jacksonville Beach stands out as a vital early move that can greatly influence your homebuying experience. A preapproval letter from a lender

When it comes to choosing a place to live in Jacksonville Beach FL, there are various options available, and it’s important to understand the distinctions between them. Two popular housing types that often cause confusion are condominiums (condos) and townhomes. While they share some similarities, there are key differences that potential buyers or renters should

It’s officially summer and the June 2023 Jacksonville Beach real estate market update is feeling it.  Things are getting hot as the sellers’ market strengthens.  A sellers’ market is described by Forbes as: “when people who want to sell their homes have more negotiating power than prospective buyers. In a seller’s market, there are fewer homes for sale than buyers.” This

A homeowners association (HOA) is a non-profit organization that manages and regulates a residential community, typically a condominium, townhome, or planned unit development (PUD). The fundamental objective of a homeowners association (HOA) is to uphold and improve the value, attractiveness, and overall quality of life of the community under its jurisdiction. HOAs are created by