Ep. 227 - Is Jacksonville's Condo Market About to Collapse?

Will Jacksonville's Real Estate Market Weather the Storm in 2025? Q&A with Market Expert Quinton Harris Reveals Surprising Insights.   In episode 227 of What's Your One More Podcast, host Quinton Harris delivers an in-depth analysis of Jacksonville's real estate market outlook for 2025. Drawing from multiple data sources including NAR, MLS, and Census Bureau statistics, Quinton breaks down the complex dynamics affecting the Jacksonville Metropolitan Statistical Area (MSA), which encompasses Duval, St. Johns, Clay, Nassau, and Baker counties.   The episode takes a deep dive into what Quinton calls "the condominium conundrum" - a potential crack in Florida's real estate market stemming from the 2022 Florida Condo Safety Act. Harris also explores the fascinating "baby chaser index" phenomenon and its reversal, where millennials are now relocating to Jacksonville to be closer to their parents for childcare support, adding to the city's growing population of potential homebuyers.   [00:00] - Introduction and Market Overview [02:17] - Jacksonville MSA Market Analysis [13:20] - The Condominium Market Crisis [25:55 ] - Construction and Builder Constraints [33:22] - Population Growth and Market Projections [41:38] - Rate Forecasts and 2025 Outlook   Key Quotes:   "47 percent of agents in the United States, real estate agents did not close a loan in 2024" - Quinton Harris   "The median first time homebuyers age has jumped to 38 on an all time high" - Quinton Harris ______________________   Connect with us: Facebook: https://www.facebook.com/whatsyour1more  Twitter: https://twitter.com/whatsyour1more  Instagram: https://www.instagram.com/whatsyour1more  Spotify: https://open.spotify.com/show/37zPGiz...    LoanPeople:  www.loanpeoplejax.com   Please subscribe, like, and leave a comment to let us know you want to keep the content coming!