By: Alan Aptheker Nationally, as in Jacksonville and the rest of Florida, 1) existing home sales drop, 2) prices continue to rise. What does this mean? Buy. The National Association of Realtors forecasts the price of existing-home price will rise about of five to six percent this year — as much as $12,000 on a $200,000 home. What do higher prices really mean? Three things:
- Accelerated buying, with opportunities being seized because timing is everything.
- Existing homebuyers finding more equity on their home, and if their looking to move, more motivated than ever that they’ll get a great price.
- Mortgage rates inching higher: According to Freddie Mac, the rate for the