realty: Pre-Approved Short Sale In Tallahassee
- 03/01/09 11:09 PM
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 01:53 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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realty: Critical Real Estate Inventory Report Keeps You Informed
- 02/28/09 01:31 AM
Keeping a watchful eye on home inventory trends in your local real estate market will allow you to be one-up on your competition, whether you are selling a home, buying a home, or work in the real estate brokerage business. The following real estate graph shows short-term trends and the long-term trend on home inventory in the Tallahassee real estate market.
Continue Here For Brief Explanation Of Inventory Graph … (0 comments)
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realty: Most Of Florida Real Estate Markets Rebounding
- 02/26/09 09:51 PM
Five months in a row we have seen year over year home sales improve in Florida. This is good. This is wonderful. But this has not yet made it uphill to Tallahasseee. Last week we reported in the Tallahassee Real Estate Blog that Tallahassee had just experienced 31 straight months of year-over-year declines in home sales.
Tallahassee has always seemed to lag the rest of Florida in the housing market. In 2006, when other markets were reporting incredible drops in home sales, Tallahassee was still holding on to remnants of the boom market. I remember thinking “our market is more stable … (0 comments)
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realty: Have A Clear Understanding Of Current Real Estate Market Conditions
- 02/24/09 11:55 PM
Everybody always wants to know “How is the real estate market?” I think the answers can be found through prudent research and a simple study of the current supply and demand elements in any given market. While real estate is local, you can use the Tallahassee real estate market as a fair microcosm of the national housing market.
You can read The Market Bulletin for updates a couple a times a week, where you will find analysis and great visual aids such as the following real estate graph. Please note in the graph that the information represents a “trailing … (2 comments)
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realty: How To Pick The Right Neighborhood For Your Family
- 02/23/09 10:06 PM
I received a question from a reader that I felt would make a terrific topic for a blog post. “Joyce M.” wrote
We will be looking to buy later this year sometime and don’t want to over-pay. Property taxes are not low in Tallahassee. What are the best neighborhoods [safety, value, upscale] for homes $300,000-$325,000 range built after 2000 with gas fireplace, and about 2000-2300 sq ft; thanks.
As you can tell, this is not a simple “quick answer” type of question, and it parallels a question I received recently from a long-time friend who wondered what area of Tallahassee … (2 comments)
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realty: Tallahassee, FL: Year Over Year Home Sales Continues Decline Trend
- 02/22/09 12:00 AM
One statistic that I like to examine each month in the Tallahassee real estate market is how we performed in the recent month versus the same month the previous year. Unfortunately for Leon County, Florida, we have seen a record 31 straight months of declines in our home sales.
For more charts, graphs and analysis of the Tallahassee real estate market, please visit The Market Bulletin on the Tallahassee Real Estate Web Site.
… (2 comments)
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realty: Short Term Home Inventory Growth A Growing Concern
- 02/21/09 11:20 PM
Keeping a vigilant eye on the home supply situation in Leon County, Florida helps us identify changes in the real estate market as they occur. One such trend to track is the short-term inventory trend, which has been showing growth since early February.
[Click Image To Enlarge]
For more charts, graphs and analysis of the Tallahassee real estate market, please visit The Market Bulletin on the Tallahassee Real Estate Web Site.
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realty: Current Housing Inventory Works With Old Demand
- 02/21/09 03:22 AM
I was curious about how the current supply of homes for sale in Tallahassee would appear against demand for the past. If you follow the information on the Tallahassee Real Estate Blog, then you know that the current supply of homes in Tallahassee is a little over 12 months worth at current demand levels.
But graphing current supply against previous demand levels show that we are very near “normal” supply (Click Picture To Enlarge).
The red line in the graph above represents a balanced market at 6.0 months of supply. The blue vertical bars show that current supply would have been … (2 comments)
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realty: Knowing How To Spot The Tell-Tale Signs Of The Housing Market Turn
- 02/19/09 11:33 AM
As I was assembling all of the charts, graphs and analysis of the Tallahassee housing market this past weekend, I had a very strong suspicion that I wasn’t going to find good news. I had already performed a preliminary analysis by downloading January sales from the Tallahassee Board of REALTORs Multiple Listing Service (MLS), and the early prognosis was not what I was seeking.
As we have covered many times in the past, the key to finding the turn in the Tallahassee housing market is getting our inventory levels back down below 6.0 months of supply. Since we are double … (0 comments)
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realty: Reader Calls Real Estate Blogger "Conservative"
- 02/14/09 07:09 AM
I love it when we get feedback from readers, as they do a much better job of guiding this blog than I can do from my viewpoint at ground level of the Tallahassee real estate market. I often get insight that I would not have been able to generate among my peers with whom I interact on a regular basis.
One reader has popped me comments and questions from time to time and I value his insight. “Steven R.” sent the following message after yesterday’s blog:
Joe,
I think your assumptions about when we’ll be back to normal may be too … (2 comments)
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realty: Listen To Your Professor And Choose Your REALTOR Wisely
- 02/14/09 05:47 AM
Guest Blog Post By Summer Munyon
I recently had an enlightening conversation with a Professor of Business at Florida State University. He said that he advises his students to purchase and sell real estate as soon as they can afford the venture. Why? I assumed he would give me the same reasons that people are always told to invest in real estate: don’t throw your money away with rent, tax credits, long-term investment opportunities, paint rooms the color you choose, etc. No, this long-term real estate investor pointed to agent weaknesses.
Click Here To Read The Professors Advice
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realty: A Model To Predict Future Home Sales
- 02/12/09 08:01 AM
I wrote a blog article last year about predicting future home sales based upon a correlation between population growth and home sales. I was/am trying to create a model that should demonstrate, over time, the amount of sales we should expect in the Tallahassee real estate market. Today I am going to update that model with new information.
I want to invite your feedback, criticism, support or arguments in any capacity to help move this model forward. I suspect that with enough feedback, we might be able to build a workable model that should identify future home sales to a fairly … (0 comments)
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realty: Cheaper Homes Might Propel Sales In Southwood
- 02/09/09 10:06 AM
The Southwood Subdivision is the most active neighborhood in Tallahassee in terms of number of homes sold each year (according to the Tallahassee Board of REALTORs Multiple Listing Service (MLS)), so I like to look at it from time to time. So this morning I figured it was time.
Paralleling the rest of the Tallahassee housing market, Southwood is seeing reduced unit sales and dropping prices. Some of the largest price drops found in the Tallahassee MLS are for Southwood homes, mostly due to the abundance of supply as well as Southwood being a relatively new (ish) neighborhood. Home builders … (4 comments)
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realty: Increase Traffic To Your Blog With Easy To Use Method
- 01/04/09 07:37 AM
We have just posted the 22nd Edition of the Real Estate Market Reports Blog Carnival. If you have not participated in the carnival, then you are missing out on a great way to drive traffic to your blog. Each week, the Real Estate Market Reports Blog Carnival gathers together localized information from real estate professionals all around the United States (and beyond). Our goal is to create a place with real information posted by real estate bloggers which is much more accurate than the consolidated MLS reports that NAR publishes.
Again, a super benefit derived from the Real Estate Market Reports … (17 comments)
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realty: Where Does The Real Estate Investor Stand In The Bailout Line?
- 12/28/08 05:55 AM
The Tallahassee Real Estate Blog has always received a good amount of its readership from investors in the Tallahassee real estate market due to the fact that we report real market data, not just opinion and hype of the market. Recently, I made a conclusion that an important factor in the real estate market recovery will be the treatment of loans for real estate investors.
With the credit markets tightening and foreclosures and short sales being seen at all time highs, it is very important for our economy that we attract investors into the real estate market. Think about this … (1 comments)
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realty: 4 Real Estate Trends Worth Observing Daily
- 12/28/08 05:54 AM
As the Holiday Season seems to be completely upon us, I find myself with much more to do and little time for all of the research that goes into the Tallahassee Real Estate Blog. Today, I will use the most recent information from the Tallahassee Board of Realtors Multiple Listing Service (MLS) in order to get an idea of the inventory trends in the Tallahassee MLS. Just as a reminder, we update a bunch of real estate graphs and data almost every day in The Market Bulletin, which you can find on our Tallahassee Real Estate Web Site.
4 Real … (2 comments)
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realty: Tallahassee, FL: 29 Months Of Continued Decline In Home Sales
- 12/22/08 11:19 AM
As I was working on the monthly Tallahassee Real Estate Market Reports this weekend, the information reminded me of time back in the Army when I made the mistake of “volunteering” for the Brigade Boxing Smoker. I figured “what the heck,” and signed up to fight in the heavy weight division.
Unfortunately, and unknown to me, our Brigade had the US Army Europe Gold Glove Heavy Weight Champion stationed with us. Apparently, this news was well known to all the other big guys, so I was able to make it to the final match without having to face anyone else…..
My … (2 comments)
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realty: More Information About the 3000 Square Foot House Saga
- 12/03/08 09:41 AM
Back in July, I wrote a blog about what has happened to the 3000 square foot house. The article sprung from a question that we received when doing work in the relocation industry (corporate moves and affinity relationships). Since it has been several months since I wrote that article, I figured a follow-up would make a great basis for a real estate blog for Tallahassee housing. The last article showed what was happening, by price range, to homes that were sold in Tallahassee. While it showed that housing prices had declined slightly, it also provided a clearer picture of the … (0 comments)
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realty: 4 Key Housing Trends For Today's Hoem Sellers
- 11/09/08 01:36 AM
The Tallahassee Real Estate Blog has focused heavily on facts and trend analysis rather than purely experience and opinion due to the extreme nature of the current trends in the real estate market.
It seems that extreme market cycles create an environment for impulsive optimism or excessive pessimism. In 1996, Alan Greenspan (Chairman of the Federal Reserve) used the term “irrational exuberance” to explain the crazy optimism that he perceived in the market. I suspect the phrase could also apply to extreme pessimism as well.
It is my goal to provide a conservative evaluation of the facts and figures that … (0 comments)
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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.
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