April 8th, 2014 8:15 AM by Preston Ware
I have been helping mortgage customers in Florida for over 20 years and Jacksonville is one of my favorite spots to lend. Jacksonville actually has faired much better than other parts of the state of Florida because of steady employment figures most likely due to the commerce from the port of Jacksonville.
Jacksonville Real Estate and Mortgage Lending in 2014Jacksonville, Florida is actually doing better than other parts of the state as we enter into the first half of 2014.Where other parts of the state like Fort Lauderdale and West Palm Beach had a larger spike in home prices in 2011- 2013, Jacksonville has been steadily appreciating since the middle of 2012 when I did my last update. Looking at the above graph furnished by Zillow.com it appears that the trend will continue in 2014. As I mentioned earlier, employment figures in Jacksonville are typically better than Florida average and National averages except for back in 2010 where there was a spike most likely caused by some slow automobile sales at the time. JM Family & Associates , the second largest privately held company in Florida is a major employer in the area. They use the port to import every type of Toyota vehicle which are distributed to all parts of Florida and the Southeastern United States. Another benefit to consider when thinking about Jacksonville is the weather. Many customers of mine who wish to migrate to Florida still find it too hot in the lower parts of the state look at Jacksonville. The climate here is a little bit cooler and home insurance prices are much less because hurricanes are very rare here.