2490 Monument Road | Jacksonville, FL 32225
REAL ESTATE MARKET REPORT APRIL 2021
COLLEEN BORDING 904.607.4401 REALTOR® & Neighbor CBording@WatsonRealtyCorp.com www.ColleenBording.com
LAURA ROSENER 904.403.7941 REALTOR® & Neighbor LauraRosener@WatsonRealtyCorp.com www.LauraRosener.com
Get Current Listings, Market Activity, Home Assessments, and more instantly at www.HiddenHillsCCLifestyle.com
W H Y E X P ERTS B E L I E VE WE A RE N O T F A CI N G A
Real Estate
With home prices increasing, interest rates remaining at record lows, and demand skyrocketing, the same question seems to be on everyone’s mind; are we in a real estate bubble? Experts and Realtors agree the answer is no.
BUBBLE
BETTER REGULATIONS ON LOANS
NEXT GENERATION INFLUENCE
SUPPLY IS STILL MUCH LOWER THAN DEMAND
Unlike the Great Recession’s collapse, home loans are no longer funded via low-doc / no-doc loans by borrowers lacking qualifications.
Over 50% of young adults live with their parents. It’s only a matter of time before these individuals are looking for their first home.
Lack of supply has been a factor for over a decade and has increased in the last year, creating massive shortages and dramatically increasing pricing.
EQUITY IS GROWING QUICKLY
BUILDERS CAN’T KEEP UP
PERMANENTLY WORKING FROM HOME
2020 saw an increase of 11%, and this year is on track for another 6% growth. People can sell or refinance and banks still come out ahead.
Some home builders have reported a ten-month waiting ti m e f o r c o n s t r u c t i o n , wh i l e others are using a lottery system.
COVID-19 has shown that many jobs can be performed remotely, so buyers are moving to areas that better suit their lifestyles.
When a bubble pops, nothing remains – this is opposite of the current market. Demand is fueling the increase in pricing, rather than low-qualified buyers obtaining loans.
HOMEOWNERS, With such a unique market, it’s important to work with a Realtor who understands not only the current market trends, but your community as well. Let us go to work for you and help achieve your real estate goals. Call us today at 904.607.4401 or 904.403.7941 for a free consultation!
HIDDEN HILLS
COUNTRY CLUB ESTATES www.HiddenHillsCCLifestyle.com
PREPARED ESPECIALLY FOR
Homeowners PRESENTED BY
Colleen Bording and Laura Rosener Your Neighbors and Hidden Hills Real Estate Specialists