Ep. 157 - Why the Jacksonville Housing Market is NOT in a Bubble | Pt. 2

In this episode, Quinton breaks down the Jacksonville housing market, busting the myth of a housing bubble. With a data-driven approach, Quinton analyzes the current demand, supply, and population trends that are shaping the market in 2024. He explores the impact of millennial homebuyers, the city's #1 rank in net migration, and the limited housing supply that's driving prices up. Quinton also compares Jacksonville's affordability to neighboring cities like Tampa and Orlando, and discusses how job growth and cash buyers are fueling the market. Finally, he touches on the emergence of built-to-rent communities as a potential solution to the housing shortage. If you're curious about the state of Jacksonville real estate and want to make informed decisions, this episode is a must-watch!

[00:00 - 01:50] - Introduction 

[01:51 - 03:00] - Frustrated Buyers and Housing Bubble Myth

[03:01 - 04:19] - 2008 vs. Now

[04:20 - 06:16] - Measuring Demand

[06:17 - 07:46] - Sold Listings and Cash Buyers

[07:47 - 10:36] - Prices and Inventory

[10:37 - 13:11] - Single Family Home Price Trends

[13:12 - 15:02] - Seasonality and Competition

[15:03 - 16:52] - 90’s Babies: Millennial Home Buying Impact

[16:53 - 18:32] - Jacksonville Population Growth Estimates

[18:33 - 20:03] - #1 Net Migration City

[20:04 - 22:04] - Job Growth and Wage Increases

[22:05 - 23:21] - Affordability: Jacksonville vs. Neighbors

[23:22 - 24:51] - Built-to-Rent (BTR) Communities

[24:52 - 26:44] - Closing Segment

Resources:

Mid Year Outlook: bit.ly/WY1Mjacksonville

Key Quote:

“We are not by any means in a housing bubble, no matter what the YouTubers want you to hear, it's not the case.” - Quinton Harris 

_______________________

Search for “What’s Your 1 More” on YouTube to enjoy highlights and full video episodes.

Watch the podcast on Spotify for full video episodes, Q&As, and community polls! 

Do you want to master your finances and financial leadership? Connect with us on Facebook, Twitter, and Instagram.

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/. 

Please subscribe, share, and leave a review to let us know you want to keep the content coming!