You will be paying more for your Jacksonville home
Luckily Interest Rates Remain Low
Jacksonville, FL - You're not unusual. You're probably like many many people. You'd love to buy a home but there's something holding you back. Perhaps its leftover trepidation from the horrible recession we went through. Maybe its because you saw someone buy a home during the bubble and have to experience what its like to be tens of thousands of dollars upside down. Maybe its becuase you want to 'time the bottom'. There are plenty of reasons but I can address the last reason.... you're late. At least in north Florida.
Rarely is there a time like now, where interest rates create a buyer's market while pricing and inventory allow for a seller's market. You need a good Realtor. You need to buy your own home. You'll either pay your own home's mortgage or pay someone else's. You might as well get the benefits.
Call an RTR Agent today and get started.... unless of course you'd like to wait for prices to keep rising and then eventually interest rates to rise too. :)
In a sign that the U.S. housing market is recovering, home prices rose for the second straight month in May, according to an industry report issued Tuesday.
Home prices rose again in May.
Home prices climbed 2.2% compared with a month earlier, according to the S&P/Case-Shiller 20-city home price index. Prices are still off 0.7% compared with May 2011, but that's the lowest year-over-year decline in 18 months, according to David Blitzer, a spokesman for S&P.
The report gave support for industry experts who have been saying that the long-awaited housing market recovery is underway. But Blitzer sounded a note of caution.
"We need to remember that spring and early summer are seasonally strong buying months so this trend must continue throughout the summer and into the fall," he said.
The roller coaster ride for home prices took them up 106.5% between January 2000 and their high of July 2006. After they peaked, prices lost more than 34% of their value. The gains of the last two months have pared that loss to 33%.