Appraisers In Jacksonville Forecasting Increases
This CBS 47 site tells us the local appraisers are in the prediction business. "Real estate prices seem to be skyrocketing out of control."
"As an example for how fast property values are climbing, appraisers say a house which was just purchased for around $220 thousand dollars could easily sell for $270 thousand in about a year."
Of course, these days everyone is an expert. "Craig Pepin-Donat has purchased two homes in Jacksonville to rent and predicts the city’s real estate bubble will only blow up even bigger. 'I don't foresee too soon that they're just going to burst and the market is going to take a dump. I don't see it happening in the next 3 to 5 years.'"