READY FOR SOME GOOD REAL ESTATE NEWS?

What Goes Up, Must Come Down And Vice Versa...

Some financial experts have labeled 2007’s market as the "roulette economy." As we all know, whatever goes up must come down, but the nice thing about real estate is that whatever goes down always comes back upward again (like the stock market).

2008 Real Estate Market

A healthier market is anticipated in 2008, as Wall Street cleans up the lending mess and the pressure cooker of home demand releases its top. While the national average of home prices declined between one and two percent in 2007, that's peanuts compared to how much homes appreciated in the previous years. And many markets are appreciating still.

Location, Location, Location Is Still True in Real Estate

Keep in mind that “national” statistics for real estate mean about as much as a forecasted high temperature for the entire nation.  You should only be concerned with the Jacksonville Real Estate Market.  Don't worry about the rest.

The Media Loves To Focus On the Negative

Consumers get skittish when they hear that 40% of foreclosures are due to doubtful subprime loans, but it's important to put that in perspective, because those loans only constitute about 10% of all mortgages. Do some research and you will be able to see how the Media has been very wrong about the real estate market in the past.

Take Advantage of the Market Before It Is Too Late

As the lending industry stabilizes and interest rates rise only slightly, buyers who are ready to purchase will discover that housing is still the best investment out there. Ask a real estate agent to monitor new listings, selling times and final sales prices, and then to advise you when conditions are right to either buy or sell.

2008 should be a year of opportunity in the Jacksonville real estate market.