Orange Park Property Management

Sun Rock Properties — Sat, 31 Jul 2010 21:34:14 +0000

Sun Rock Property Management is now offering full-service residential property management in Orange Park, Florida, including Fleming Island.

We provide honest, reliable property management. We give our best to each and every client. Sun Rock Property Management will efficiently manage your condo, townhome or single family home.

A beautiful suburb of Jacksonville, Orange Park offers the amenities of city life and the comfort of a small town. At Sun Rock Property Management we will secure desirable tenants for you. We know how to increase your cashflow on your investment.

At Sun Rock Property Management, We Mange Your Investment.

For quality property management in Orange Park, Florida, contact Sun Rock Property Management.

Where’s the Bottom?

Sun Rock Properties — Wed, 16 Sep 2009 00:23:53 +0000

It’s been a while since the crash of the housing market, but it is the decline of home values over yet?

If you ask a realtor, mortgage broker or builder, they will tell you it is a great time to buy. That the housing market can not get any lower and that "things" are getting better. I would like to believe them, but I do not see how things can get better when they are propped up, and there are no catalysts to increase demand.

We still have low interest rates. Rates should be higher due to the amount of risk involved with lending money in this economy and depreciating collateral. Interest rates are being kept artificially low by the Federal Reserve. If market forces eventually push rates up to where they should be, then we could hit bottom. Will rates ever go higher?

We still have Fannie Mae and Freddie Mac, they have been bailed out and continue to buy loans on the secondary market. This eliminates risk for banks to lend responsibly and was part of the reason for the bubble in the first place. With government sponsored entities buying up every loan and banks being bailed out, they are not learning from their mistakes. The elimination of risk keeps banks lending and slows the fall to the bottom.

Unemployment has been going up, and I haven’t noticed any new jobs being created. As a property manager in Wesley Chapel and Tampa, Florida see a lot of vacant commercial space and people not spending money. In a service-based economy, this is not a good thing.

My guess is that we have a long slow ride to the bottom, which could take 5-10 years (hopefully not 17). Then from there we will see a less volatile market with slow and steady appreciation that keeps pace with population growth and hopefully inflation.

Tell us what you think, take our poll.

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Orange Park Property Management

Where’s the Bottom?