real estate

The number of single-family homes on the market increased 6% in April, but the homes are becoming more unaffordable, according to data released Tuesday.

Rents have skyrocketed due to waves of people moving into the area and the shortage of places to rent, according to new research from Florida Atlantic and two other universities. Corporate landlords aren't the biggest cause, the researchers say.

MoneyGeek, a personal finance website, identified 26 counties where the housing market is no longer affordable based on rising home prices and median incomes.

Although homes are vastly overpriced in Jacksonville, the current shortage of houses for sale will restrain how far prices can fall, economists say.

Spanish Forest, a development planned by Corner Lot of Jacksonville, will include townhomes selling for no more than $240,000.

Although Black residents own 14.02% of homes in the metro area, the rate of ownership falls short of other cities when you consider that 21.32% of the population is Black, a new study found.

The home was sold back to the original sellers after less than a year for a $150,000 gain.

The Julington will include 260 apartments. The first leases, at $1,510 to $2,599 per month, are being signed now.

Despite rising interest rates, the scorching housing market in Florida has not cooled, a surprising development that could indicate the market is nearing its peak, according to new research from Florida Atlantic and Florida International universities.

A Jacksonville Today reader says he’s been frustrated by hundreds of unsolicited offers for his apartment near Ponte Vedra Beach. He believes many of the offers come from investors or large companies that want to rent or flip the property.