The Duval County Clerk of Courts has launched a Property Fraud Alert system that monitors a name and notifies the person when a document is recorded under that name. Other counties operate similar programs.
Local Initiatives Support Corp. is partnering with the Northside Coalition of Jacksonville to provide $5,000 to $8,000 for down payments. The program is an attempt to help people break the cycle of poverty.
More houses are being listed for sale; sales are slowing; and bidding wars are declining. But prices hit a historic high last month, meaning affordable homes are still hard to find.
The booming real estate market could generate a roughly $90 million surge in new property taxes for the city of Jacksonville, double the annual growth the city has experienced in recent years, according to preliminary figures.
Economist Ken H. Johnson says the nation faces a housing crisis that will lead to deep financial losses for millions of homeowners — except in places like Florida. Here, homes and apartments could remain unaffordable for some time.
Jacksonville's rents increased faster than the nation as a whole from April 2021 to April 2022, according to a study by the Redfin real estate brokerage.
Of the five ZIP codes that have seen their rent increase by more than 60% over the past half decade, three have a median household income of less than $32,000 a year, according to census data.