Jacksonville
Real Estate News

Florida Ports Suffer Huge Economic Losses from COVID-19 Outbreak in 2020

Florida Ports Suffer Huge Economic Losses from COVID-19 Outbreak in 2020

Decreased liquid bulk, dry bulk, containerized cargo and nearly five million fewer cruise passengers have created significant financial and economic havoc for Florida's seaports in 2020. Read More »


Missed Residential Rents Balloon in U.S. as Government Aid Soon Expires

Missed Residential Rents Balloon in U.S. as Government Aid Soon Expires

Boosted government unemployment aid has expired, meaning those numbers are likely to rise even further in coming months. Read More »

Aided by Record Low Mortgages, Florida's Housing Market Enjoys Uptick

Aided by Record Low Mortgages, Florida's Housing Market Enjoys Uptick

Florida Realtors are reporting that the sunshine state's housing market showed positive signs of recovery despite the continuing coronavirus pandemic in June 2020. Read More »

Share of U.S. Mortgages in Forbearance Dips to 7.8 Percent in Mid-July

Share of U.S. Mortgages in Forbearance Dips to 7.8 Percent in Mid-July

The total number of U.S. loans now in forbearance decreased by 38 basis points from 8.18% of servicers' portfolio volume in the prior week to 7.80% as of July 12, 2020. Read More »


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Global Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »

Last Updated August 6, 2020 9:00 AM ET

Jacksonville Property News

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.03 percent in the U.S., the lowest rate in the survey's history dating back to 1971.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending July 3, 2020, U.S. mortgage applications increased 2.2 percent from one week earlier.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 26, U.S. mortgage applications decreased 1.8 percent from one week earlier.

The level of commercial/multifamily mortgage debt outstanding rose by $61.0 billion in the first quarter of 2020.

Florida's Realtors are reporting that the state's housing market continued to reflect the economic impact of the coronavirus pandemic in May 2020.

According to Redfin, the impact of coronavirus shutdowns on homebuyer demand has been short and muted.

Commercial and multifamily mortgage delinquencies in the U.S. remained low at the end of the first quarter of 2020.

In a sign that U.S. housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June 2020. Any reading above 50 indicates a positive market.

U.S. homeowners with mortgages have seen their equity increase by 6.5% year over year, representing a gain of $590 billion since Q1 2019.

COVID-19 pandemic is likely to hasten a housing trend already taking place across the nation--residential construction activity that is expanding at a more rapid rate in lower density markets such as smaller cities and rural areas.

Recent U.S. housing data indicate the important role the residential construction industry will play in leading the U.S. economic recovery from the coronavirus pandemic.

More than $1.8 trillion in combined reconstruction cost value are at risk of storm surge and possible mandatory evacuation.

The National Association of Realtors is reporting this week U.S. pending home sales decreased in April 2020, making two straight months of declines caused by the Coronavirus outbreak. Every major region experienced a drop in month-over-month contract activity.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 22, 2020, U.S. mortgage applications increased 2.7 percent from one week earlier.

Home rental prices slowed more than they had in at least five years when the coronavirus pandemic hit. But the for-sale market continues to heat up after a slower early April.

45 percent of the zones saw median home prices rise by more than the national increase of 11.3 percent from the first quarter of 2019 to the first quarter of 2020.

Driven by Coronavirus Remote Working Trends. A new Zillow survey suggests housing preferences could be upended in a post-pandemic America, leading to major questions about the future of dense metro cores.

Surging job losses in March stemming from the COVID-19 pandemic contributed to a decline in U.S. median income and housing affordability in the first quarter of 2020.


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