Monday, February 11, 2013

Jacksonville Housing Report

Jacksonville, FL – Buyers Becoming More Confident, Looking to Take Advantage of Affordability Source: Credit Suisse; Census Bureau (4,582 single-family permits in 2012, 23rd largest market in the country) Our Take: • Our buyer traffic index jumped to 75 in January from 56 in December, indicating better traffic sequentially and overall levels above agents’ expectations. Agents cited affordability and a desire to buy while the rates and prices are still low. • Home prices increased again in January, as our home price index was unchanged at 75, well above a neutral level of 50. Prices have now increased for five straight months. • Declining inventory levels (our index improved to 75 from 63) and a shorter time to sell (our index was unchange Comments from Real Estate Agents: • “More positive atmosphere.” • “Values are starting to stabilize.” • “Interest rates moving up a bit led to better than expected traffic.” • “On homes priced correctly, the appraisals come in right on the money.” • “Lenders are driving the buyers crazy with so many requests, so frequently.” Reposted by John Holbrook at Prudential Realty John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: Web:

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