real estate

Prices are rising more gradually than they were last year, but homes are becoming less affordable in the face of inflation, rising interest rates and intense competition from corporate investors.

The listed price for the home of former CEO Aaron Zahn has fallen by $300,000, according to online real estate listings. The 7,371-square-foot house in Jacksonville Beach has six bedrooms and seven baths.

More than a dozen communities are in the development phase. The Jacksonville Daily Record has a look at nine of the latest.

The median price of a single-family home actually fell in January, and more homes were listed for sale, the Northeast Florida Association of Realtors reported this week.

Despite the increase, rents here are still a bargain compared with most cities. Only nine metro areas have smaller average rents.

A plan to charge some Baymeadows property owners an annual fee to fix up privately owned roads is heading toward a Jacksonville City Council vote. Councilman Danny Becton is pushing the idea.

Rising prices and a short supply of homes for sale have left many potential buyers frustrated. Sellers have watched their properties go in a flash, often for more than the listed prices.

Zillow predicts that housing will continue to soar this year in all metropolitan areas, but Tampa and Jacksonville will be No. 1 and No. 2 in the U.S.

It'll cost you 22% more to buy a house in Greater Jacksonville than it did last year, according to new data from the Florida Realtors. But Jacksonville remains one of the cheaper markets among Florida's big cities.

Average monthly rents increased 33% in the Jacksonville area over the past year, the Redfin real estate service reported. Jacksonville's increase was the eighth-highest of 50 metro areas, Redfin said.