The housing market in Jacksonville, Fla. has been hit hard in the past few years.
According to CNN Money, from the third quarter of 2008 through the third quarter of 2009, home prices dropped 9.6 percent. They are expected to drop another 7.5 percent through 2011, but by 2012 rebound 3.9 percent.
For buyers in Jacksonville this is good news. Lower home prices mean lower Jacksonville mortgages and less money out of your pocket. If you’re in the market for a home today or even in the next few years, you can use Jacksonville Banking Rates to find the lowest mortgage rates available.