Found 2 blog entries tagged as real estate market.

By Gwinn Volen

Q1 2025 home sales in the Jacksonville area were down 7% from Q1 2024. Economic uncertainty, triggered by increasing mortgage rates and a volatile stock market, is suppressing buyer demand.

Housing and financial experts are starting to release their projections for the balance of the year.

Mortgage Rates Expected to Dip Slightly

While a major drop isn’t expected, forecasters call for a slight drop in rates in the months ahead as the economic outlook becomes more certain. Should rates drop, more buyers would likely enter the market.

Currently, 30-year mortgage rates are averaging 7% nationally. The chart below shows where 5 major real estate players predict mortgage rates will be by year-end 2025. Even a small decline would be…

4080 Views, 0 Comments

Read Full Post

by Gwinn Volen

Regardless of political affiliation, the upcoming election has become a hot topic in real estate discussions. Some buyers feel anxious about making a purchase just before the election, opting to wait for the outcome rather than committing to a decision.  

While it is common to see a slight slowdown in real estate activity before the November presidential election, historically, elections have not significantly impacted the market.

Slight Home Sales Decline Leading Up to Elections

Chart of seasonal real estate sales

As you can see in the above chart, some buyers do choose to pause their home searches in anticipation of the election, though this trend has not been dramatic in the past. Additionally, this time of year typically sees a seasonal decline in…

732 Views, 0 Comments

Read Full Post
View All Results