Warning – Interest Rates Will Rise in 2010!

interest_ratesWe had our annual sales meeting at Berkshire Hathaway HomeServices Florida Network Realty yesterday and after the awards and the “rah rah sis boom bah” part, we had an economist, Dr. Henry Fishkind, deliver the keynote address.

He talked about a lot of things including the fact that Jacksonville is much better positioned for a recovery than many other parts of Florida.

A word of warning, however, is that beginning mid-year this year, interest rates will begin to rise and will continue their march up for some time to come. So, if you’re looking for homes for sale in Jacksonville (particularly if you’re a first time buyer), now is the time to jump in while prices and interest rates are still at historic lows — there could not be a better time and it will not last.

Thanks for reading, please join me for my next discussion of the real estate market in Avondale, Ortega and Riverside.