RECENT BLOG POSTS
The Bureau of Labor and Statistics reported that there were 75 deaths per year on average in the real estate, rental and leasing field between 2003 and 2009. Frankly I’m surprised that there are not more. Think about it. We REALTOR’s are all about customer service and willing to do whatever it ta...
04/18/2011
The 2008 mortgage crisis resulted in a $150 billion dollar bill to the taxpayer prompting calls for reform in the financial markets.  I believe government meddling (CRA) played a major role in creating the crisis in the first place.  Now that what had been forecasted for years has materialized t...
03/29/2011
Great news for the troops!  Military first time home buyers can still receive the $8,000 first time buyer credit if they get a home under contract by 30 April 2011 and close by 30 June 2011.  To be eligible the service member must have been on extended overseas duty for at least 90 days at any ti...
02/05/2011
                      VS           Which Costs More? Jacksonville has been identified as one of the many cities around the country where it has become more affordable to buy a home than to rent one.  This may be attributed to the increased demand for rental homes created by would be buyers who ar...
02/03/2011
It's no secret that the federal government is running up a huge budget deficit.  The media has done a great job of showing the President proclaiming that giving tax breaks to the rich is irresponsible.  What has not received much publicity is a proposal drafted by the presidents Deficit Reduction...
11/23/2010
The $8,000 tax credit is a great incentive if it actually goes to the first time homebuyer.  Here is a situation where I was caught of guard.  I had a buyer who closed on their new home in 08 and was eligible for the $7,500.00 tax credit.  When he filed his tax return he was getting the full cred...
03/14/2009
  Passage of the Housing and Economic Recovery Act of 2008 (HERA) H.R. 3221 may offer some hope for homeowners facing situations that may lead to foreclosure.  Since the vast number of foreclosures is having a negative effect on home values preventing even more homes from going into foreclosure m...
01/27/2009
What’s it going to take to stabilize home values?  Here's my take on the situation. The Jacksonville real estate market continues to favor buyers with over 16 months of residential real estate currently for sale. Property values in Jacksonville and the immediate area have adjusted downward in res...
01/26/2009
So what's causing the drop in home prices in Jacksonville?  That's an easy one.  With over 16 months of inventory as of August 2008 there are still too many homes on the market.  As with anything else it is an issue of supply vs demand.  An increase in supply drives prices down while and increas...
09/11/2008
I'm sure most of us are sick of hearing the drum beat of gloom and doom coming from the mainstream media and are anxious to point to some good news for a change.  Well I am happy to report that, at least in Jacksonville, FL, the real estate market is showing signs of improvement.  The graph below...
05/06/2008
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Lucien Vaillancourt

Jacksonville Florida Real Estate
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