Housing Market

Three Northeast Florida home construction companies and a national home builder are facing fines from the federal government, which accuses the businesses of safety violations that expose workers to possible falls up to 18 feet. 

carnival fortune teller with crystal ball
Mark Kaletka via Flickr

As 2015 comes to a close, economists are looking ahead and trying their best to guess what market forces will do in 2016.

In the last “Business Brief” of the year, analyst John Burr tells WJCT News Director Jessica Palombo the year ahead will probably start with a whimper—but it could end with a bang. 


We examine the rising cost of housing on the First Coast. New York and San Francisco still top the list of the costliest places to rent in the U.S., but over the last year demand has pushed up rents by more than 20% in some surprising locations, including Jacksonville. What’s driving this? Tim Gibbons, editor of the Jacksonville Business Journal, joins us.

Jeff Turner / Flickr

With Florida still leading the nation in foreclosures, this week the U.S. Department of Housing and Urban Development announced it will provide grants to support 30 housing counseling organizations across the state. Half a million homes around Florida are still underwater or in foreclosure including many thousands in our area. We speak with foreclosure defense attorney Chip Parker of the firm Parker and DuFresne.

One Spark

One Spark co-founder and CEO Elton Rivas joins us to discuss what's new for the upcoming 2015 crowdfunding festival.

We also speak with Jacksonville real estate appraiser Ron Moody of Moody Appraisal Group about the rebounding housing market in Northeast Florida.

And local author Ron Whittington joins us to preview this week's Amelia Island Book Festival. Whittington will give a workshop about writing, publishing and marketing independent novels at the festival.

apartments
CBRE Group

An apartment complex on the Intracoastal Waterway sold for nearly $60 million dollars yesterday, making a huge profit for the owners who bought it just a year earlier. Jacksonville Business Journal Editor John Bur says the Seagrass Apartments sale is an example of the apartment boom happening in Northeast Florida.

respres / Flickr/Wikimedia Commons

It’s a situation homeowners across the country are dealing with, and many thousands in Florida — they’re current on their house payments, but they owe more on their mortgage than their home is worth.

Florida Reopens Fund For Underwater Homeowners

May 14, 2014

Florida housing officials are reopening a program to help homeowners who owe more on their mortgages than their houses are worth.

Diana Parkhouse / Flickr

After years of misery, the housing market is actually looking up for 2014, especially in Jacksonville.

Rick Scott, Steve Wallace, and the FSU Seminoles are in the headlines today.

Casinos, crime, and Tuberculosis are in the headlines today.

Tomorrow, Florida will begin accepting applications from homeowners who are in a financial bind because they owe substantially more for their houses than the properties are worth.

Jeff Turner / Flickr

RealtyTrac’s latest ranking of states based on foreclosure activity in May puts Florida at the top of the list. 

According to RealtyTrac figures, foreclosure filings increased to one-in-every-302 houses, nearly triple the national average. Foreclosure starts jumped 39 percent, the number of auctions went up 6 percent and bank repossessions increased 14 percent. 

Taken together, that amounts to a 20 percent increase in foreclosure activity, which is all it took for Florida to go from being #2 in April to #1 in May.

When it comes to living quarters in Northeast Florida, the needs and desires of those people born between 1946 and 1964, are as varied as the "Baby Boomers" themselves.

Boomers are considering not just how to age but also where. Many want housing that affords them more free time.

Daniel Davis, the executive director of the Northeast Florida Builders Association, says the market shows Boomers more interested in an active lifestyle. Whether finishing out their career or retiring, they want efficient homes that will allow them to do other things.