A few highlights from a “60 Minutes” piece on the Jacksonville market.
Recently, “60 Minutes” aired a piece on the Jacksonville real estate market. I don’t watch the news often, but after multiple people sent the clip to me, I decided to give it a listen. It focused largely on the challenge of rising rents and home prices in Jacksonville, including what’s behind those trends and what you can do about it. Today I’ll share highlights from the clip and discuss what you need to know about today’s market.
Feel free to follow the conversation in the video above or use the timestamps below to navigate the topic at your leisure:
0:00 — Introduction
0:39 — Why Tricon Residential is buying up single-family homes around the country
2:00 — The impact of the Federal Reserve flooding the market with trillions of dollars in 2020
4:20 — The big gap between Jacksonville’s housing prices, income growth, and inflation
5:27 — What can you do about changing home affordability?
6:41 — Can you really just list a house and expect it to sell without any preparation?
8:19 — Wrapping up
Click here to watch the full “60 Minutes” piece yourself. If you have any questions about what’s happening in the market or how it affects your real estate prospects, don’t hesitate to give my team a call or send an email. We’d love to hear from you.