The Jacksonville Florida economy is constantly changing, so no one can accurately predict what it will do next. Interest rates are generally higher during a depressed market and income may not be keeping up. This proposes the challenge of fewer people qualifying for a home purchase than in prosperous times. People who already own a home usually need to sell it in order to buy their next one. This means that if the buyer wants to purchase a new home, they have to sell one first in a depressed market. If a seller wants to sell his Jacksonville Florida home to take advantage of a hot market when prices are relatively high, they generally have to buy their next home during that same hot market.