The Jacksonville area is now ranked one of the top five metro areas in the U.S. where investors bought the highest share of homes in 2021, according to the real estate company Redfin.
Jacksonville was ranked fourth. Only Atlanta, Charlotte and Miami beat out Jacksonville in the number of investors buying homes, followed by Phoenix, which is ranked No. 5, and Orlando, ranked sixth.“I’m 100% against it, because the investors will buy them, and hold them forever turning your area into nothing but rentals,” wrote Displayname.Truthteller wrote: “Great for sellers but not so good for buyers.
Round Table Realty broker and owner Howard Flaschen says investors seized on the opportunity during the pandemic. But Flaschen and his team say some builders are rejecting offers from out of state investors and instead accepting offers from large local corporations, local companies or wealthy people.“And because the builders are aware of this, the builders are now not allowing investors to buy new construction,” said Realtor Erica Jolles, with Round Table Realty.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
School Closings and DelaysSCHOOL DELAYS: Several school districts have announced delays for tomorrow due to weather. For an ongoing list of closings and delays, click here: Latest forecast updates: Live weather and road updates:
Read more »
Rent Expected To Rise In DFW Through 2022The DFW region is among the areas across the country seeing a spike in apartment rent.
Read more »
Biden to recast and road test economic message in run up to State of the UnionPresident Biden to recast and road-test economic message before the State of the Union as a new poll shows inflation is the top concern among Americans.
Read more »
Father of 3 found fatally shot in Jacksonville home, sister saysA man was found dead Thursday inside a home in the Sherwood Forest neighborhood, according to the Jacksonville Sheriff’s Office.
Read more »
JSO says ‘hazardous device’ found days before bullets sprayed Northside homeA hazardous device was found and gunshots were fired–all at one home on Jacksonville’s Northside in the Panama Park neighborhood.
Read more »
Column: Report says San Diego now is nation’s least affordable metro area, surpassing San FranciscoMonthly analysis compares median home price with local incomes. Drop in S.F. housing prices made a difference.
Read more »