37.5 million Americans will move this year. Slightly more than half will buy instead of rent.
American Express Spending & Saving Tracker reports that sixteen percent of Americans will find a new place to hang their hats this year. That’s six percent more than in the previous two years, when the number hovered around 10 percent.
will be more popular than renting, they report, with about 17 million people planning to purchase a home or condo, compared to about 16 million who will rent.
It’s all about consumer confidence.
Forget Angie, and Craigslist. If your home is screaming "fix me," than call us. If you’ve heard knocking, creaking, gurgling or scratching, it could just be that Uncle Harold is trapped in the attic, or more likely, it's your house saying, "help me." These noises can occur in homes of all ages, and they’re usually easy to fix. And if you or someone you know needs a referral to a great handyman, plumber or pest control specialist, or any other kind of qualified contractor, contact Joi Perkins, firstname.lastname@example.org, or 904-233-3070. Bloom Realty works with a myriad of qualified professionals on a regular basis, and we’ll be happy to recommend a contractor for you.
Mattamy has recently completed its purchase of the RiverTown development from St. Joe Company.
It’s been the rap for RiverTown in St. Johns County that it is too far off the beaten path to attract as many Jacksonville and St. Augustine new home buyers as they would have liked. But how do you move a neighborhood?
Four Month Renovation included complete exterior makeover.
Bloom Realty unveils its newest reno-jewel in this Avondale
re-do at 3215 Plaza Place. It’s a super cute 1942 bungalow, and the soup-to-nuts makeover makes it virtually unrecognizable from its previous iteration. The four month restoration has left no stone unturned.
Zombies happen. Deal with it.
Folks, if you watch The Walking Dead, and I hope you do, you know that zombies are a growing problem for the real estate market.
The Consumer Financial Protection Bureau (CFPB) is the first line of defense against a problem that plagues some homeowners. The “zombie” foreclosure
occurs when borrowers find out they still own a home they assumed was lost to them via foreclosure.
Real estate market headed in the right direction.
Nationally, as in Jacksonville and the rest of Florida, 1) existing home sales
drop, 2) prices continue to rise. What does this mean? Buy. The National Association of Realtors forecasts the price of existing-home price will rise about of five to six percent this year — as much as $12,000 on a $200,000 home.
What do higher prices really mean? Three things:
Accelerated buying, with opportunities being seized because timing is everything.
Existing homebuyers finding more equity on their home, and if their looking to move, more motivated than ever that they’ll get a great price.
Mortgage rates inching higher: According to Freddie Mac, the rate for the 30-year loan increased to 4.37 percent from 4.33 percent in the first half of February.