Is the Market Crashing? 

No. The balance between supply and demand is what affects prices, and in the greater Jacksonville market, we are at 3 months of supply which still indicates a seller’s market (6 months is a balanced market). We expect inventory to rise some in the Spring, but supply will still remain relatively low. We don’t expect homes to appreciate at the pace it has for the last two years. For 2022, the greater Jacksonville real estate market median sale price saw an 18% increase over 2021, and 2021 was up 18% from 2020. Historical average appreciation nationally is 4%, while our area enjoys a slightly higher historical average of 6%. Keep in mind, Florida is still a tax friendly destination state so we should continue to reap the…

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by Aaron Bacus

Are you in the market for a new home but unsure of the best mortgage options for you? Let’s explore the different mortgage options available, discuss the benefits of each option, and provide tips for a smoother home buying process.

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Introduction to Mortgage Options

When it comes to buying a home, there are many different mortgage options available. From fixed-rate mortgages, to adjustable-rate mortgages (ARM), each option offers its own set of pros and cons.

Types of Mortgage Options

The most common type of mortgage is a fixed-rate mortgage. With this type of mortgage, the interest rate stays the same throughout the life of the loan. This makes it a great option if you’re looking for stability.

An adjustable-rate mortgage…

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