realty: Pending Home Sales Report Projects Changes Coming - 05/03/11 05:21 AM
Updated reports compiled from the MLS in Tallahassee show that the Tallahassee housing market might be bracing for a new market bottom. Pending home sales appear to be settling down to the lowest level since we began daily measurements in 2007, and closed home sales appear to be following a similar track.
In the real estate graph below, the one-year trend of daily pending home sales (new contracts) has reached the previous market bottom level established on November 13, 2010. With the anniversary of the end of the Homebuyer Tax Credit just a few days behind us, we can only hope … (2 comments)
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realty: Numbers Don't Lie ... - 02/25/11 08:06 AM
We had a lot of feedback on yesterday’s blog (Did You Hear What They Say Is Next?) which was a commentary about the garbage being spewed by the NAR and how it is having a negative impact on the credibility of the real estate professionals who perform a valued service by reporting on local real estate market conditions. Basically, it was a rant about putting an end to the “now is the time to buy” style of yapping that our industry lobby has eschewed every year, regardless of market conditions, regardless of individual needs.
Ironically (or predictably), NAR issued a positive … (4 comments)
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realty: Tough Times Require REALTORS® - 02/23/10 05:54 AM
Do you really need A REALTOR®? If you have a home to sell, it sure seems like a good idea to figure out how to save as much money as possible since home values are not where they once were. If you could sell your home without a REALTOR®, wouldn’t you be adding a whole bunch of money to your bottom line (or reducing the amount of money you might need to bring to closing?
In order to find an answer to this oft asked question, I would suggest you start by examining the current state and cycle of your local … (4 comments)
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realty: Real Estate Blog Offers Plenty In Benefits - 08/11/09 06:35 AM
eadership at the Tallahassee Real Estate Blog is growing, but we have found that a good number of our subscribers are reading our daily feed through an RSS reader or our feedburner email feed. This means that the daily content is being delivered to them directly, without them even having to visit our site.
This is a super-convenient way to receive information about Tallahassee housing and real estate market reports, but these readers just might be missing out on some of the new upgrades that we have made to our real estate blog.
Real Estate Blog Sidebar Is Loaded With Special … (4 comments)
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realty: Tallahassee, FL:Ox Bottom Manor Existing Home Sales Update - 07/13/09 05:17 PM
If you ever need to pull information from the Leon County Tax Assessors database of home sales for the different Ox Bottom Neighborhoods in Tallahassee, it can get a bit confusing. There are four “Ox Bottom” neighborhoods:
Ox Bottom Ox Bottom Manor Ox Bottom Gardens Ox Bottom Reserve So, as I’m doing my quarterly update on Ox Bottom in Tallahassee, I was trying to decide whether or not I should just lump them together or treat them separately. I know the correct thing to do analytically is to separate them as they are different neighborhoods with differing home sites, but being … (0 comments)
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realty: Business Roundtable Wants Tax Credit For All Home Buyers - 06/12/09 06:20 AM
In yesterday’s edition of the online edition of the Wall Street Journal, it was reported that a group of business executives issued a set of recommendations for the White House and Congress that are aimed at jump-starting the housing market in order to stimulate a broader economic recovery. How is this important in the Tallahassee Real Estate Market?
Business Roundtable Wants Tax Credit For All Home Buyers We have written quite a bit here lately about the First Time Homebuyers Tax Credit, so this is directly related to that program. The Business Roundtable, an association of chief executive officers of leading … (0 comments)
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realty: Is It Time To Buy A Home - Read This To Avoid The Industry Hype - 06/05/09 11:03 AM
I’ve been reading a lot of articles online about interest rates and home affordability, so I decided I would take a look at home affordability rates in the Tallahassee real estate market. Anybody who has a stake in the real estate market is hyping today as the best time to buy a home in the history of housing. It’s one thing to keep reading about how rates won’t be this way forever, but how does that translate into affordability for today’s prospective home buyer?
The first think I did was pull historical interest rates back to January of 1992. I have … (2 comments)
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realty: Who Really Saves The Real Estate Commission? - 06/03/09 05:09 AM
Yesterday’s blog on “For Sale By Owners” created some interesting discussion both here and at the Tallahassee Real Estate Blog. It seems that, oddly enough, my viewpoint was shared by most REALTORS®, yet some of our readership was mixed. I absolutely love when we get reader comments, because it helps steer the direction of this blog, as well as the direction of our customer service directives at our Tallahassee CENTURY 21.
Reader Asks “Where Is My House” So the first comment is from longtime reader “WW’ who writes:
How do you measure FSBOs? If I’m smart enough to say, “Hm, all … (2 comments)
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realty: 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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realty: Discover How To Find The Absolute Bottom Of THe Real Estate Market - 04/15/09 05:27 AM
Just a reminder that the Tallahassee Real Estate Newsletter was mailed to subscribers on Monday morning. If you have not yet subscribed, you can do so at the end of this article. It is easy and does not even take a minute to subscribe to the Tallahassee Real Estate Newsletter.
One of the interesting real estate graphs that we observe on a daily basis has the one year inventory trends for single family homes, condominiums and townhouses in the Tallahassee real estate market. These trends, or specifically the close monitoring of these trends, should lead us to the discovery of the … (2 comments)
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realty: How To Make Your Offer To Buy Real Estate - 03/27/09 09:59 AM
I was talking with a Tallahassee REALTOR® yesterday and we were discussing an offer he had just made on a foreclosure offering in Tallahassee. We discussed strategy for making an offer to a bank (the home had been foreclosed upon and was for sale by the bank that held the financing on the home) and how the strategy had to be different than when making an offer to a typical homeowner.
Regardless of who is receiving the offer, there is a definite plan one should follow if attaining the property at the best price is the primary goal. Too often, I … (0 comments)
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realty: Prelude To A Tallahassee Real Estate Recovery - 03/25/09 05:59 AM
I was having a discussion about the state of the Tallahassee real estate market with a longtime friend yesterday. He had seen the Existing Home Sales report for both the U.S. as well as for the State of Florida.
The first thing that caught his eye was the national report, which showed that the sale of existing homes sold at a seasonally adjusted rate of 5.1%, far higher than most analysts expected.
Then, he viewed the Florida Association of REALTORS® Single Family, Existing Home Report and saw that we experienced a year-over-year growth of 20% in the number of homes … (0 comments)
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realty: REALTORS® Conducting More Of The Business In Tough Market - 03/23/09 01:35 PM
As the real estate market in Tallahassee and the rest of the country continues to struggle along, the use of REALTORS® is on the rise in home sales. As confidence in the overall market drops, confidence in the effectiveness of REALTORS® is rising.
The real estate graph below represents the measurement of home sales as recorded in the Tallahassee Board of REALTORS® Multiple Listing Service (MLS) compared with all of the home sales recorded in Leon County, Florida.
Tallahassee REALTOR® Activity Report
The blue shaded area represents all of the sales recorded in Leon County, while the red shaded … (2 comments)
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realty: Distressed Properties Begin To Flood Market - 03/23/09 01:23 PM
Every month, we update our Distressed Properties Page on the Tallahassee Real Estate Web Site with all the new lis pendens filings in order to see how the distressed properties are affecting the Tallahassee housing market. Unfortunately, both lis pendens filings as well as foreclosures in Tallahassee are on the rise.
Today, we’ll take a look at two real estate graphs that demonstrate the growth of lis pendens and foreclosures in Tallahassee. We have observed lis pendens rising for quite some time, now we’re finally seeing the foreclosures following suit. Read the rest of this entry
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realty: Home Inventory Report By Area Shows What's Hot And What's Not - 03/17/09 06:54 AM
Every month we pull all the data from the Tallahassee Board of REALTORS® Multiple Listing Service (MLS) in order to determine the months of supply of homes, by price range. This report is a great snapshot that is valuable to people who want to buy a home in Tallahassee as well as to people who want to sell a home in Tallahassee. Think of this as the “competition report” for each price range.
Each area of Leon County (Tallahassee Real Estate Market) is broken down by homes for sale and homes that have been sold. The report shows new home … (0 comments)
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realty: Home Inventory Trends - A Picture's Worth 1,000 Words - 03/03/09 08:05 AM
Keep on eye on home inventory changes. Monitoring short term trends and long-term trends in inventory growth will signal the change in your market.
Continued Here For Larger Graph And Explanation
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realty: Real Estate Forecast With A 99% Confidence Level - 03/03/09 05:18 AM
In case you have not heard, we published our 3rd Edition of the Tallahassee Real Estate Newsletter. If you are not already on our exclusive subscription list, you can join for free in the form http://www.manausa.com/market-newsletterhome.php. All it takes is a name and an email, and you’ll receive the most analytical report of the Tallahassee real estate market that can be found.
I will start today’s blog by saying you will want to bookmark this page immediately. In January of next year, when the 2009 home sales numbers have been posted, you will be able to come back here in order … (3 comments)
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realty: How To Leverage Your Market Knowledge Into Visits To Your Web Site - 03/02/09 07:45 AM
Do you write an informative real estate blog and wonder how to spread the word? Do you know quite a bit about your local housing market and want to get your message out to as many people as possible? Or, are you an avid student of the national housing market?
If so, consider joining a real estate blog carnival. What is a blog carnival you might be wondering? It is a collection of similar-interest-based blogs that have been assembled together in order to bring like-minded news to a larger audience.
Real Estate Consumers Want More Information You can target serious home … (10 comments)
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realty: Pre-Approved Short Sale In Tallahassee - 03/02/09 07:09 AM
So you’re interested in buying a home in Tallahassee and you start to do your research. If you are like 92% of homebuyers in the United States, you start your search on the internet. You most likely find the best place on the internet to view Tallahassee homes for sale and you start your hunt for the perfect Tallahassee home.
After hours of looking at all the pictures of homes for sale in Tallahassee, you come across what appears to be your perfect home. You see a house that is both exciting as well as aggressively priced. In bold headlines it … (0 comments)
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realty: Real Estate Market Sees Small Trend Shift - 02/28/09 09:53 AM
One key trend to pay attention to in any local real estate market is the movement of the sales success trend. What this measures is the total number of home sold divided by the total of homes listed (put on the market) during the same period of time.
Continued Here For Brief Explanation of the Graph
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