It has been a decade, and the memory of September 11th is just as powerful as ever. We would like to take this time to honor those who were lost and give our respects to the families. We shall never forget, we shall keep this day, we shall keep the events and the tears in our minds, our memory and our hearts and take them with us as we carry on.
- Bloom Realty
When I’m in Orlando for more than a day, there are two places I must go to eat: First Watch and Toojay’s, (more about Toojay’s later. I’m heavily lobbying for one in Jax but have had no success). We have a burning need for decent breakfast places in San Jose and Mandarin. The only First Watch I’d ever encountered was in Orlando, and I could swear it was locally owned and operated. It had that familiar, welcoming feel from the waitstaff. The quality of breakfast and brunch food could give the Metro Diner a run for it’s money -- it’s that good. And even though folks from far and near (including me) will still frequent the Metro in San Marco, it’s great to have the bar for quality breakfast food raised in Mandarin. I wish I’d known that they’d opened a location in Marsh Landing about month ago! I will be writing an angrily worded blog about our lack of a Toojays at a future date. http://www.firstwatch.com
Yes, Jacksonville is at the low end with respect to best performing housing markets. Here’s the lemonade: Because Jacksonville’s rank is low, we’re ranked #8 on the top 10 list of cities in the US where it’s cheaper to buy than rent.
Trulia reports it’s cheaper to buy than rent in 74 percent of 50 major U.S. cities, including Jacksonville. Trulia’s price-to-rent ratio uses the median listing price divided by annualized median rent. Ratios 15 and under mean that it’s less expensive to buy than rent. Jacksonville’s buy/rent ratio: 8. Ratios that are 20 or higher means that renting is a bargain in that city.
Top Ten Places in the US where it’s cheaper to buy than rent, in order of low to high buy/rent ratio: Las Vegas (6) , Detroit (6); Mesa, AZ. (6); Fresno, CA (6); Arlington, TX (6); Sacramento (6); Phoenix (6); Jacksonville (6);, San Antonio (6) and Tulsa(6). The number one place where it makes more sense to rent than to buy: New York City.
We saw the housing report. We beat out Detroit as the worst housing market now, but there’s good reason to believe we’ll find the bottom soon. But if you’re going to talk about being the worst, we should talk about what we do best. Here’s where we showed up in the some formidable top ten lists: view list after the break...
I’d urge readers to take a look at the letter sent by the National Association of Realtors® (NAR) Board to Secretary of Department of Housing and Urban Development Shaun Donovan, and
Timothy Geithner, Secretary Department of the Treasury
The letter was in response to the HUD and Treasury’s request for input and real recommendations for selling REO, and distressed seller/pre-foreclosure properties held by Fannie Mae, Freddie Mac and the Federal Housing Administration. It’s a very compelling read for Realtors® as it ticks through the issues with homeownership in simple language, easy for our clients to digest, should you decide to share it.
It clearly spells out what the Government should do, according to the NAR, with respect to the disposition of pre-foreclosure homesellers.
With the Opening of Seasons 52 at the St. John's Town Center, Jacksonville joins Orlando and 19 other large metro areas where Darden Restaurants operates all of it's six brands: Red Lobster, Olive Garden, and LongHorn Steakhouse. Operating under it's Specialty Restaurant banner are the Capital Grille, Bahama Breeze and Seasons 52. Seasons 52 will open this fall, and in addition to it's seasonally rotated menu (hence the name), it's one of the few Darden properties that is "specialty-marketed" as a true venue for social and business events.