The value of homes in the US fell in the second quarter this year by 12% compared to the same time last year.  However, the rate of decline shrank,   according to Zillow.com, with smaller market declines than the year before, and June sales volume being higher than May; and May is normally one of the highest volume months of the year.

An article from the Florida Association of Realtors also suggests buyers of foreclosures need to be quick.  The founder of a top foreclosure company, Foreclosures.com, Brad Geisen, says, “Some homes go under contract fewer than ninety minutes after they are put on the market.”

So you North Florida buyers, listen up, as some markets are showing signs of being at the bottom, and Northeast Florida just may be one of them.  As a real estate professional located in Jacksonville Florida and the Beaches area, I have found there are more offers from more buyers than just a few weeks back.

The Fed on Wednesday extended its support of the weak economy by keeping interests rates at or near 0% for the lending institutions, which means you have until October to take some action to purchase that home.  Until then, who knows?  Rates have already crept up.  It seems to happen overnight in this business, don’t miss out on the lowest interest rates we have seen in years!

My web site with all MLS properties for sale, and the foreclosures and short sales that are left, can be found on my web site at:  http://FindaPlaceWithStyleNgrace.com.   If you need additional information, or wish to comment, please do.

Tags: Buying a Single-Family Home in Jacksonville Florida, Jacksonville Beach Homes, Jacksonville Beach Homes for Sale, Jacksonville Beach Mortgage Rates, Jacksonville Beach Real Estate, Jacksonville Beach Real Estate Market

Posted on Saturday, August 15th, 2009 at 3:40 pm and is filed under Apartments, Buy Condominium, Buy a House, Condos, Estates, Foreclosure Property, Foreclosures, Homes, Homes for Sale, Housing Market, Luxury Homes, Property Investment, Questions and Answers, Real Estate, Real Estate Agent, Relocation, Second home, Second home buyer, Short Sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.