Murray Hill 2011 vs 2018

[Jack Bobeck]

Check out these images, you can see all this data at NEFAR This gives you perspective in Jacksonville, FL of when you should have bought as compared to where we are now. 

2011

2018

Newbies into Real Estate, know that while we may never get back to 2011 prices, there is no need to buy at the top of the top of the market. 

[Jack Bobeck]

If you have a day job, I would recommend you build a list of wholesalers who are buying foreclosures or homes in the market that are distressed. As @Mark Fries states, there are deals out there, but you have to have a system to get the homes. Do not BUY a system from a "guru", work with the local wholesalers, ask people on BP, go to the REIA (leave your wallet at home) and meet other wholesalers, network, network, network NOW. It will pay off for you in the long run.

I have NO crystal ball, but I cannot believe that the int rates will continue to rise, the global economy is not that strong and if the dollar rises too far, it could cause economies overseas (to fail) and this will rattle the markets and people do not buy, anything, when they are nervous. So I see low rates, which is great, great growth in Jacksonville. Low unemployment in Jax, and an explosion going on downtown and the suburbs. Great time to be a Realtor in Jacksonville!

If you are going to watch for anything, watch 32202. The downtown has over 500 empty buildings, there is buzz that the Jacksonville Jaguars owner is going to redevelop 13 acres along the waterfront with a convention center, hotels, and more destination stores and restaurants. Now might be a good time to look at Buildings or condos downtown, because I believe it will happen and it will raise the value of everything downtown. Lofts, warehouses, they are all good options if you can add retail down below and rentals up above. I think the area is ripe for real growth.