|Hello, Hope your week is going great!
No fun intro this week, Minshew Mania is fading, the JAX Sea and air show isn't until next weekend and the weather is just meh. See not fun!
Except for this, this is funny!
On to Real Estate:
Folks, we are below 7,000 active residential properties for sale. In 15 years I can't recall that number being so low. We have just at 4,000 in the same category under contract/pending to close. Inventory is slim right now to say the least.
You can get into the weeds if you like on why by reading here.
Lower mortgage rates are causing an epic housing shortage
If you ever want a quick idea of your homes value, please use our free quick valuation tool, or give me a call 904-716-3387
Mortgage Rates: Leaving this same stat from last week b/c it's so important! Rates are now about 1.25 percentage points lower than they were the same time last year. For the average borrower on a 300K loan that's about $2700 per year!
Foreclosures: 104 in our system right now, quite a few VA Owned homes just hit the market. See all of the foreclosures here.
New listings: With inventory so low, if you are wanting to buy before Christmas stay on top of the newest property listings on our website.
Have a great rest of your week, please give me a call if there is ever anything I can do for you.
Realtor® | Broker Associate