, Jacksonville ranked number five out of the seven Florida cities mentioned.
Local realtors, however, said the data doesn’t paint a full picture of the North Florida market, at a time when projecting the future of real estate is increasingly difficult with multiple factors.While people may be flocking to Disney World, researchers at GoBankingRates said homeowners are starting to leave Orlando, pointing to spiking vacancy rates for both renters and homeowners.Fort Lauderdale was number two, following Gainesville, Miami and Jacksonville.
“Someone may have been late on a payment. Or we’re negotiating with a bank for a forbearance or a loan modification or maybe they were even doing a refinance out of a HELOC and missed the payment or late payment, it’s going to be paid off at closing that shows up on many of the portal websites because they just do it in an automated fashion. A box gets checked somewhere it shows up as a pre-foreclosure,” Flaschen said.
I was just tickled when I sold my $200,000 dollar house last year to the nice gay couple from New York for $559,000 dollars. Had a great realtor
Is Duval heading for a housing crisis?🤔 Yes it is..But! not the kind you're talking about, I'm good but rent is flying off the charts😬, and if one of those investment firms make the right offer😁 💸💵💵💰🤨 well .... I'm
What did you expect when investors are allowed to artificially inflate the market? Remember when our government cut taxes for the rich and forced the FED to lower interest rates in a time of surplus and so many clapped? We get what we ask for.
and the sales happening now are all going to investment firms and landlords. Home ownership trending down, rent skyrocketing. Let’s not pretend that housing is only just now an issue.
It would be hard to accept without having more info but the statement that 50% of the homes for sale in Orlando are in foreclosure sounds like BS. No doubt heading for a crisis with the rising interest rates.