There is a lot of debate about the condition of the housing market.  Some economists believe that the market is beginning to stabilize and turn around by spring 2008. Other economists do not seem as hopeful.  Predicting the real estate market in Jacksonville Florida and Northeast Fl is not easy. The course of home prices is just as up in the air as the market. Some feel that we have not yet hit the bottom in home prices, but others believe that prices will begin to rise again. Having such varied judgments about the real estate markets is not abnormal though. In the past, predictions have not always been accurate. Conditions are generally improving, many buyers are waiting to be sure that the market has for sure bottomed out. Some buyers believe that buying when there is more buying-activity is the best thing to do; however, many real estate professionals believe the opposite is best. Lifestyle factors also have an impact on the selling and buying choices. Not everyone has the ability to choose when to buy or sell, and must go with the flow of the market. Knowing about your local Jacksonville real estate market will enable you to make the most informed decision about real estate.