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real estate appreciation: Year 6 Of Falling Home Values Continues To Slow Recovery - 02/17/12 08:04 AM
If you wade through all the rhetoric that most people who report on housing spew, you will find that most US housing markets are still dealing with real estate depreciation.
And just to make sure that I am not lumped in with everybody else, let me simplify the term "real estate depreciation" and specifically say that home values are still dropping.
But here's the funny thing. I know that values are dropping, and I know that supply (both known and shadow inventory) far outweighs demand, but there are some very sound reasons for buying a home today.
We covered those reasons … (0 comments)
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real estate appreciation: Real Estate Depreciation Can Be Measured Several Ways - 09/06/11 08:25 AM
Real estate depreciation can be estimated in many ways, and no way is exactly accurate. For example, most real estate reports look to current average home prices and compare them to average home prices in the past, but this is the very least effective way to measure real estate depreciation. The use of average home prices is flawed because it is more of a measure of what buyers are buying as opposed to price changes from time to time.
With historic low interest rates, home buyers who are focused on monthly mortgage payments can "buy more house" now than they could … (4 comments)
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real estate appreciation: A Positive Housing Report In Tallahassee? Say It Is So Joe! - 06/28/11 02:05 PM
Forest Heights is heating up, and possibly might become the renegade neighborhood in Tallahassee. Though it has declined in value like the rest of the real estate market, Forest Heights is going to be attracting both real estate investors and owner-occupants alike.
With homes built in the 1950s, 1960s, and 1970s, Forest Heights is a mature subdivision in the northwest quadrant of Leon County. This means that no new construction has occurred in roughly 40 years, and the boom of the housing market pulled it up without having a direct impact on supply. These homes are very much “Tallahassee homes,” and … (0 comments)
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real estate appreciation: Moving Averages Provide Clear Home Appreciation Forecast - 04/23/10 09:33 AM
Killearn Lakes (Unit 2) home values have dropped roughly 20% since the top of the market three years ago. We keep a close eye on this popular Tallahassee subdivision, as it is representative of what the median home buyer has been seeking in Tallahassee since I got in the business in 1991.
Recently, long-time reader “Steven R.” answered my request for “math advice” in the analysis of home price forecasting, as he left the following advice in the comments of a recent blog post:
Joe,
I don’t think prices will drop 10%, but I can’t tell you exactly what it will … (0 comments)
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real estate appreciation: How To Measure Depreciation In Your Housing Market - 02/03/10 08:38 AM
A few weeks ago I wrote a blog about FSU Grads wanting to return to Tallahassee. It discussed the obstacles (jobs) to returning, as well as concerns about current and future home values. The blog was a response to a long-time reader who now resides in Ohio and would like to return one day.
After he read the post, he commented
“On the comment about pricing, and I’m sure you already know this, the Tampa, Orlando and Ft. Myers areas (all cities with jobs) are seeing average declines of almost 50%. These numbers may factor in the shadow inventory, but the … (4 comments)
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real estate appreciation: Clarifying What Real Estate Market Bottom Really Means - 12/15/09 05:57 AM
I received a great question from an active reader in the blog yesterday that made me realize that two definitions of the real estate market bottom are lurking around out there and that I need to provide better clarification about “which real estate market bottom” that I am referring to when I comment about the current state of housing market in Tallahassee.
When I refer to the state of the housing market, I am definitively referring to the number of home sales in Tallahassee over the past 365 days. By studying this “rolling average” of home sales, we are able to … (6 comments)
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real estate appreciation: Real Estate Appreciation Graphs Show Movement - 05/14/09 06:16 AM
As I was “cleaning up” my spreadsheet used to determine real estate appreciation in Tallahassee, I found a couple of real estate graphs that had not been used in either “How To Measure Real Estate Appreciation” or “Real Estate Appreciation.” One in particular could be very informative and helpful in determining the next market turn.
As I was doing research into Tallahassee housing appreciation, I found that a simple methodology utilized historic information on home sales and specifically the selling prices compared to the square footage of the home. If the market price per foot was rising, most likely we were … (0 comments)
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real estate appreciation: How Real Estate Appreciation Should Be Measured - 05/13/09 06:02 AM
Last week, I wrote a blog about real estate appreciation that generated a lot of emails to our office. People wanted to know if we could provide a little more analysis of what the Tallahassee real estate market has done, in terms of appreciation and depreciation. So, I thought about it this weekend and came up with the following analysis. I would greatly appreciate any comments following this blog for feedback (scroll all the way down to the bottom of the page).
If you recall, regarding the best way to measure real estate appreciation, the Tallahassee Real Estate Blog wrote:
Using … (2 comments)
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real estate appreciation: How To Really Measure Real Estate Appreciation - 05/08/09 09:57 AM
Much is written about real estate appreciation (or now real estate depreciation) and many points of reference are used to “validate” the rates that are being computed. But I warn you, most references to appreciation are just plain wrong.
How does one go about measuring real estate appreciation? If time and data resources weren’t a factor, you could just take all home sales ever recorded, and then compute the annualized appreciation rate of each unique home. For example, you could look at recent sales and let’s say you found 123 Main Street just sold for $315,000. You would then … (2 comments)
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real estate appreciation: Tallahassee Area Home Values Stable - 08/31/08 02:58 PM
The real estate market is local in nature, yet most of the media reports tell us how the real estate market is doing nationally, or how it is doing in the state of Florida. While this blog typically focuses on the real estate market in Tallahassee, I do occasionally take a peek at the markets that surround Leon County. This blog is one of my monthly updates that is designed to recognize the impact on Leon County when one of the surrounding counties does something unique or extraordinary.
Tallahassee Area Home Values
While most people who want to work in Tallahassee … (0 comments)
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real estate appreciation: What You Need To Know About Tallahassee Foreclosures - 08/23/08 04:59 PM
With so much being written about foreclosures nationally, it is time to put aside rumors and report exactly what is happening with foreclosures in Tallahassee. Rather than talk in general, this blog will report exactly what has occurred in Tallahassee, thus far this year.
Tallahassee Foreclosure Rate The first thing to understand is that every state has different laws on how homes are owned and mortgaged. When one state says a home has been foreclosed, it might not be exactly like a foreclosure in Tallahassee. For the purpose of this blog, I will be reporting that “foreclosures” have occurred once the … (0 comments)
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real estate appreciation: Real Estate Appreciation or Depreciation - How Is It Measured? - 06/25/08 04:31 PM
There has been some debate lately in the Tallahassee real estate market regarding how one would measure appreciation rates of homes in a given real estate market. Some people like to think that you compare the median home price in our market today with the median home price from a year ago, and that will show you the current appreciation.
I disagree.
Completely.
Vehemently.
Patently.
O.K. I’m out of big words.
I believe that the median home price cannot be used to measure appreciation because the median home itself does not remain constant. It’s not saying an apple a year ago … (12 comments)
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Joe Manausa - Tallahassee Real Estate
Tallahassee,
FL
More about me…
Century 21 First Realty
Address: 1140 Capital Circle SE, Suite #12, Tallahassee, FL, 32301
Office Phone: (850) 386-2001
Cell Phone: (850) 508-1544
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