In this episode of 'This is Jax', host Nate Riggs and mortgage expert Trevor Harrington discuss the current state of the Jacksonville housing market, including national trends, mortgage opportunities, and the importance of communication between buyers and their agents. They explore the dynamics of inventory levels, the impact of potential recession on home prices, and the advantages of homeownership over renting. The conversation also covers down payment assistance programs, the benefits of VA loans for veterans, and strategies for sellers in a softening market. The episode concludes with key takeaways for both buyers and sellers, emphasizing the importance of long-term investment in real estate.

Show Notes:
https://www.riggsgroupfl.com/long-ter...

TAKEAWAYS:
The Jacksonville housing market is showing signs of activity with increased mortgage applications.
Communication between realtors and mortgage brokers is crucial for buyers.
Current inventory levels in Jacksonville are still below pre-pandemic levels, providing opportunities for buyers.
Homeownership offers long-term financial benefits compared to renting.
Down payment assistance programs can help buyers who struggle to save for a down payment.
VA loans provide unique advantages for veterans, including no down payment and no appraisal requirements.
Sellers need to ensure their homes are in good condition and priced competitively to attract buyers.
Market dynamics are shifting, making it a buyer-friendly environment.
Understanding mortgage trends can help buyers make informed decisions.
Community engagement and local events can enhance the home buying experience.

CHAPTERS:
00:00 Long Time Friend, First Time Co-host
02:37 Navigating the National Housing Market: Opportunities and Risks for Jax Homebuyers
06:02 The Importance of Communication in Real Estate
11:55 Recession News Making Headlines
17:54 Local Market Insights and Inventory Trends
21:47 How the National Housing Market Affects Jax
24:34 Strategies for Winning in Today's Housing Market
27:30 Understanding VA Loans and Benefits
31:06 Refinancing with VA Loans
33:21 Key Takeaways for Buyers

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Are you considering selling or buying real estate in Florida? Consult with Nate today - Jax Beach, FL's best realtor. Nate is a Broker Associate at Someday Homes Realty.

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