According to the
National Association of Realtors, existing homes sales went up in November. The
local Jacksonville movers learned that about 5.04 million existing homes would
be sold in 2012. The number represents a significant increase of 14.5% compared
to last year. The Jacksonville moving specialists also learned that the average
price went up 10.1% from a year ago to $186,600. The month of November has been
really good for the real estate industry, marking the ninth month of
year-over-year price increases. The All My Sons of Jacksonville figure since
there have been more jobs out there, a decrease in the unemployment rate and
rising rents, home purchases have been more popular. The inventory of homes is
still dropping which is also contributing to the higher price tags of homes. In
November, the local Jacksonville movers learned only 2.03 million homes were
listed on the market. That's just enough to last 4.8 months instead of the
healthy-balanced one of 6 months. All My Sons of Jacksonville learned that
September 2005 was the last time the supply was lower.
Monday, December 31, 2012
Existing Home Sales Go Up
Sunday, December 23, 2012
Job Report in Real Estate
The latest monthly job report just came out for the month of
November showing better job growth than expected overall, but the Jacksonville
movers discovered, not so much for the real estate industry. The professional movers learned that construction was down affecting of course the real estate
market. According to the U.S. Labor Department’s job report, there were 146,000
new jobs in November 2012 with the unemployment rate dropping to 7.7% compared
to October’s 7.9%.
However, the Chief Economist at the popular real estate
search engine Trulia noted the job report showed a decrease in construction
jobs. Employment is looking better for 25-34 year olds (prime age to buy a
house) but the national construction employment decrease by a significant
12.7%. The local Jacksonville moving specialists learned that over the past
three months, construction jobs have decreased by 0.4%.
The local Jacksonville movers are wondering what your job
situation is like? Has the economy been good to you?
Saturday, December 15, 2012
Sandy Victims Get Help
The local Jacksonvillemovers are happy to hear that Sandy victims are getting help getting their
homes back in shape after the superstorm. All My Sons of Jacksonville learned
the Federal Emergency Management Agency rolled out a pilot program to speed repairs
in New Jersey. The Sheltering and Temporary Essential Power program (STEP) in
New York is now extended to five counties in New Jersey, providing up to
$10,000 for quick fixes allowing them to live int heir homes while waiting for
bigger repairs. The Jacksonville moving specialists learned that over 2,600 New
Jersey households were still living in hotels or temporary quarters paid for by
FEMA. Countless others are staying with friends and family. So almost a month
after the superstorm, many are still displaced due to lack of heat, hot water
and electricity. STEP will make certain households habitable and help prevent
additional damage during the cold season. The Federal government is paying for
75% of the work, while 25% is paid for by municipal governments.The local
Jacksonville movers learned the program is paying for the repairs of electrical
meters, heating, hot water systems and outdoor repairs. After getting the
grant, residents have two months to complete the repair work.
All My Sons of
Jacksonville found out that in New Jersey, the program is available to people
living in Atlantic, Cape May, Middlesex, Monmouth and Ocean counties. In New
York, it's available to residents of the five boroughs plus Nassau County.
Friday, December 7, 2012
Jacksonville Movers Learn Foreclosures Aren't Cheap Anymore
It used to be that
buying a foreclosed home meant you got an amazing deal, saving a lot of money.
Investors and first time homebuyers snatched those up fast for the last several
years. But these days, a new Zillow study states that foreclosed homes are only
discounted at about 7.7%. Zillow compared the average sale price of foreclosed
homes versus non-foreclosed ones, but the type of homes that were compared
weren't necessarily equal in size or location and amenities. The local Jacksonville movers learned that Detroit showed a 59% difference in foreclosure
prices versus non-foreclosed prices, but the properties weren't equal. For
example, the average foreclosed property was 1,200 square feet and the average
non-foreclosed one was 1,700 square feet in size.
Zillow found that the
biggest foreclosure discounts were available in 2009, when foreclosed
properties were selling at 23.9% below market value. The local Jacksonville
moving specialists found out that the 7.7% difference between foreclosed
properties and non-foreclosed is an average though, some places have no
difference at all like Phoenix and Las Vegas properties. In Cleveland and
Pittsburg, a foreclosed property goes for at least 25% less than a regular
residence.
Friday, November 30, 2012
The Jacksonville Present Home Insurance
With what happened with hurricane Sandy last month, people
across the nation were talking about home insurance. Homeowners and renters
nationwide are getting more informed about what's covered within their policies
and how it affects their homes. The local Jacksonville movers know there are
many insurance companies out there with various types of coverage and
eligibility requirements. For example, a fire insurance is different than a
home insurance policy. The fire policies are typically less expensive but also
offer a more limited coverage. The local Jacksonville moving specialists
learned this type of coverage is generally more bought by landlords for their
rental properties. There are various sections within home insurance, each with
their own coverage. One section covers the roof, walls, plumbing and electrical
systems. Another section covers other structures that are detached from the
main one such as a detached garage or a shed. Homeowners can also insure their
personal property for named perils like fire and lighting, theft, water
escaping from plumbing, windstorm, rain and damage from vehicles or flying
objects.
The All My Sons of Jacksonville suggest you review your
insurance policy carefully so that you can make the best decision for you and
your family as well as your property. Try to find that right balance between
cost and coverage that's right for you.
Sunday, November 18, 2012
Foreclosures Cost Neighbors $1.95 trillion
The All My
Sons of Jacksonville know that home residential foreclosures affect not only
the families that are evicted and the lenders, it also has an impact of
neighborhoods. According to a new report from The Center for ResponsibleLending, Americans have lost almost 2 trillion in equity from nearby
foreclosures. That's the equity that was lost by the neighbors from homes that
were foreclosed on from 2007 and 2011, not the losses that the foreclosed
homeowners themselves were subjected to or even the tax revenue the communities
have lost. The local Jacksonville movers learned that Americans are estimated
to have lost $7 trillion in equity during the foreclosure crisis. All My Sons
of Jacksonville moving specialists found out more than half of the $1.95
trillion in lost equity came from minority homeowners with neighborhoods that
suffered disproportionately from bad subprime loans.
Are you faced
with a foreclosure? Do you have to move out of your home? Call the local
Jacksonville movers for professional moving services at an affordable moving
quote. The All My Sons of Jacksonville movers are backed by four generations of
reliable movers with experience in commercial moves, long distance moves and
auto moves. The local Jacksonville movers are part of the All My Sons Movingand Storage family with moving offices across the U.S. including All My Sons of
Atlanta, All My Sons of Salt Lake City and All My Sons of Raleigh.
Sunday, November 11, 2012
Home Prices Up for 5th Month
According to the S&P/Case-Shiller Price Indices reported that August prices were up in 19 out of the 20 cities since July ad up in 17 cities year-over-year. Home prices across the U.S these days are back to what they were back in the summer of 2003. The 20-city index is 2% above its level from 2011. The local Jacksonville movers learned that home prices did decrease in three cities since last year including Atlanta (by 6.1%), New York (by 2.3%) and Chicago (by 1.6%). Even though Atlanta had declines in home prices compared to last year, prices did go up from July to August. All My Sons of Jacksonville found out that even with this slow, steady recovery, three cities are still reporting home prices that are lower than 2000 levels. These cities include Atlanta, Las Vegas and Detroit. The real estate market in Phoenix did the best with increases of 18.8% in home prices. Detroit followed up with increases in 7.5%. Minneapolis was next and Miami followed up with home prices that increased by 6.7%.
Were you able to sell your home at a better price? Are you looking to move? For professional moving services, call the local Jacksonville moving specialists for an affordable moving quote and help finding quality moving boxes and moving kits for all types of home sizes.
Were you able to sell your home at a better price? Are you looking to move? For professional moving services, call the local Jacksonville moving specialists for an affordable moving quote and help finding quality moving boxes and moving kits for all types of home sizes.
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