Wednesday, July 6, 2011

Amelia Walk - Fernandina Beach

All the neighboring communities envy Amelia Walk's Club area! Oversized pool, club house for family events, playground, tennis courts, workout room and much more. and if that wasn't enough This Lakefront home is the icing on the cake! Pride of ownership with lots of upgrades like granite, ten foot ceilings and built in speakers! easy to see!
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John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com

31185 GRASSY PARKE DRIVE Fernandina Beach, FL 32034 Hot Off The MLS!

Well cared for home in popular Flora Parke. Nice, open 3/2 with office (office could be 4th bedroom -already has a closet). Spacious 18'X24' air conditioned & heated Florida Room (wired for spa & cable) with additional extended covered patio area. Huge back yard, (room for pool and then some), fully fenced with long lasting vinyl fence, has 8x10 shed and well for irrigation system. All appliances including a water softener & 2nd full sized refrigerator in garage. Upgraded lighting, plumbing fixtures and ceiling fans. Dont pass this one up!
$199,990
31185 GRASSY PARKE DRIVE Fernandina Beach, FL 32034 Hot Off The MLS!

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com

97218 BLUFF VIEW LOT 37 Fernandina Beach, FL 32034 Hot Off The MLS!

2 Story w/master on first floor. Preserve view in private gated community. Glass front door, side entry garage and 10x12 Covered patio. D.R. Horton pays 4.5% up to $7,000 in closing costs when using DHI Mortgage .
$199,990
97218 BLUFF VIEW LOT 37 Fernandina Beach, FL 32034 Hot Off The MLS!

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com

96223 LONG BEACH DRIVE Fernandina Beach, FL 32034 Hot Off The MLS!

Beautiful "new" never lived -in home with interior columns, solid surface countertops, over the range microwave, sprinkler system, alarm system, sep. laundry room, his and hers vanities, dual sinks in second bathroom, architectural niches and more. Gorgeous award winning pool, playground, tennis courts and 18 hole Jack Nicklaus designed golf course with golf club. Community features Out Post with kayak storage , launch area, outdoor kitchen, boat and RV storage and a sports field. Close to shopping, beaches and houses of worship.
$199,999
96223 LONG BEACH DRIVE Fernandina Beach, FL 32034 Hot Off The MLS!

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com

96088 BARNWELL CIRCLE Fernandina Beach, FL 32034 Hot Off The MLS!

This is the perfect home for the feel of country living but with all of your conveniences just right around the corner. Secluded and private on a large shady lot, but convenient to everything. This home has been kept immaculate by the owners and is ready to move right in! It features an open floor plan with vaulted ceilings, sky lights, custom trim & crown moulding through out, and bamboo plank flooring. You also have plenty of room to park your RV, boat, extra car or all 3! A really great neighborhood with nice neighbors on every side. You won't find many like this one at this price!

96088 BARNWELL CIRCLE Fernandina Beach, FL 32034 Hot Off The MLS!

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com

Marsh Lakes

$200,000null

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com

5 things to look for in the real estate market

Interest Rates RiseMany, including us, have been surprised that rates have not risen already. However, the next several months are going to see three distinct changes that will propel rates upward.

As the government starts to leave the mortgage market, private industry will step in. Private industry demands a higher rate of return on their investments. Mortgages will be no different. Studies have shown that 30 year mortgage rates could increase by 1 to 3% over the current rate.
In many higher priced markets, rolling back Conforming Loan Limits means that rates for the mortgages on these properties will resort back to the rates on private jumbo loans. The FHFA informed us that last year, the difference between mortgage rates for jumbo loans and jumbo-conforming mortgages has varied between about ½ and ¾ of a percentage point.
As the economy gets better (and we believe it will), the pressure to keep rates low to stimulate growth will abate.

Some Loan Requirements Tighten but More Can Now Get a LoanLending institutions have already started to introduce stricter mortgage guidelines. Whether the Quality Residential Mortgage (QRM) requirements are instituted as originally proposed or eased somewhat, there is no doubt that guidelines will continue to tighten as we work through the year. However, we believe the private sector will again start introducing alternative mortgage financing but at a greater expense to the consumer. You WILL be able to get a mortgage. It will just cost you more.

Housing Sales IncreaseContracted sales have shown consistent improvement over the last six months and we feel this will continue and actually begin gaining even greater momentum. We believe there is a ‘pent-up’ buying demand caused by the volatility of the market over the last several years. When interest rates start to move upward and alternative financing becomes more available, these buyers will start to jump off the fence. We believe there will be a major upswing in sales over the next six months.

Distressed Properties Increase Markedly
More people are paying their mortgage on time and that is great news for housing in the long term. However, the numbers of distressed properties currently in the foreclosure process is still very swollen. These properties will begin coming to the market in the second half of the year as short sales and foreclosures. The numbers will be staggering in some areas.

Prices Continue to Soften in Most Markets
The current housing inventory for sale and the distressed properties about to come on the market will vastly outnumber the increased supply of purchasers we will see over the next six months. There will be more houses for sale then there will be buyers purchasing them. That oversupply will continue to put downward pressure on prices through the rest of this year and into 2012.


John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com

Tuesday, July 5, 2011

Prices begin to Stabilize

Home Prices: Even More Confusion

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com

www.jholbrook.ameliaislandrealestatelistings.com

Goverment wants out of the mortage business

QRM: The Potential Cost to a Purchaser

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com

Almost 14,000 Houses Sold Yesterday

Almost 14,000 Houses Sold Yesterday

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com