tallahassee housing report: Is The Next Housing Bubble Just Around The Corner?
- 02/12/19 06:34 AM
2018 started off strong, home values increased dramatically, and buyer demand was red hot. Mortgage interest rates increased towards the end of Summer, cooling demand, yet home values continued to go up. Now that we are already in February of 2019 and home values continue to rise, many of our readers are feeling a sense of déjà vu and are wondering if the next housing bubble crisis is on its way.
What Causes A Housing BubbleHousing bubbles are created when the demand for houses decreases but inventories keep going up. The housing market of 2006 and 2007 in Tallahassee is a perfect … (2 comments)
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tallahassee housing report: Stay Informed With A Comprehensive Housing Report
- 01/15/15 06:56 PM
Today we will put 2014 to bed with a year end review of the Tallahassee real estate market.
It was a good year, as house sales were up 7% over 2013 and it was the second year of growth in house sales for Leon County, Florida.
So take a look at six graphs that demonstrate key real estate trends in Tallahassee.
House Sales By Type We track three different types of residential properties in this first real estate graph. Single family detached houses are shown in green, townhouses are reported in red, while blue represents condominium sales each year.
Single family … (2 comments)
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tallahassee housing report: Latest Housing Report Emphasizes Location * Location * Location
- 04/30/13 11:17 PM
After many years of continual bad news, it seems that just about every recent Tallahassee housing report is filled to the brim with good news.
While is easy to see that any good news is reason to smile, it is important to keep a vigilant eye on what is being reported and to identify the market segments that are truly improving.
This Tallahassee real estate report will show the four areas of Tallahassee and identify the ONE that is making all the fuss (good news :))
Northeast Tallahassee Housing Report
NE Tallahassee is definitely seeing a rise in average home values. The following real estate graph shows … (0 comments)
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tallahassee housing report: Track These MLS Trends To Clearly Understand Your Local Housing Market
- 10/02/12 10:45 PM
The year is 3/4ths of the way completed, so I felt it was time for an updated Tallahassee real estate market snapshot.
Every so often, I like to just "listen" to what the data from the Tallahassee MLS is saying, as it produces a real estate market snapshot that will tell us what to expect over the next few months.
Activity Reports Create A Real Estate Market Snapshot The real estate graph above shows that buyer activity is on the rise, and the one-year trend of daily closed home sales is stronger than it has been for two years. Needless to … (4 comments)
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tallahassee housing report: Mid Year Housing Report Forecasts 2012 Up 6%
- 07/11/12 08:43 PM
It’s hard to believe that June is behind us and it’s already time for the Tallahassee Mid Year Housing Report, but the half-way point has been reached.
Based upon our normal seasonality statistics, the Tallahassee Mid Year Housing Report (sales from January through June of each year) usually represent 50.2% of the home sales for the year.
This makes it a good time to review the first half and to begin forecasting how 2012 will stack up when compared to previous years.
Tallahassee Mid Year Housing Report (Homes Sold) The next real estate graph in the Tallahassee Mid Year Housing Report … (1 comments)
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tallahassee housing report: The Bettons Seem Toughest Against The Housing Market Storm
- 06/18/12 08:35 PM
Every single neighborhood in Tallahassee has seen home values decline, but none will weather this tough housing market better than the Bettons (IMHO).
I have written reports on the Bettons (Betton Brook, Betton Estates, Betton Hill, Betton Hills, Betton Oaks, Betton Place, and Betton Woods) for many years, as these neighborhoods are not prone to some of the problems that newer subdivisions in Tallahassee must endure.
For example, we won't see continued building of new homes during a glutted buyers' market like we are seeing in Southwood and Bull Run. And with location, location, location working for the Bettons, they will … (2 comments)
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tallahassee housing report: Tallahassee Real Estate Video Market Report September 2011
- 09/14/11 06:05 AM
We have been learning how to implement real estate video on our website over the past several months, and I am happy to say that you will start to see more video offerings on the Tallahassee Real Estate Website. Perhaps you have seen some of our real estate frequently asked questions answered, but now we are going to step it up a notch and see if we can deliver information in a video format.
Our first attempt is shown below, and it is a 2 minute real estate video that provides an up-to-date housing market report. To make it a little … (6 comments)
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tallahassee housing report: Tallahassee Home Values Report
- 07/04/11 11:35 PM
Tallahassee Home Values have declined by roughly 33% across the entire market coverage area, but we are seeing the rate of decline slow over the past six months. While I am not certain that this is anything more than a seasonal fluctuation, I’ll take it as some moderately positive news for a housing market that has shown very little positive news in the past few years.
Normally, we graph the one-year trend in order to remove all seasonality, but the six month trend often provides insight on the “here and now” view of the market, which is critical information for somebody … (6 comments)
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tallahassee housing report: The Problem With Housing Reports
- 01/26/11 10:33 PM
I sometimes find it difficult understanding housing reports that are published or reported by the national news media, and apparently I am not alone. You see, most of the national reports that appear on the television and in print are a synopsis of monthly reports by the National Association of REALTORS (NAR), so you have to recognize that “our lobby” is putting a positive spin on everything that is being reported.
Recently, a reader of the Tallahassee Real Estate Blog sent in the following question, showing that it is not always easy to understand housing reports that are being thrown … (8 comments)
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tallahassee housing report: Leon County Inventory: High But Best In Region
- 10/11/10 02:26 AM
The Tallahassee real estate inventory report for October has been posted over at our Market Reports Blog, and it should come as no surprise to our regular readers that inventory levels are rising. You can download a copy of the October Housing Report here or anytime in the right sidebar of the Market Reports Blog.
When we take a look at the entire Tallahassee MLS, we can see that the whole of the Tallahassee real estate market has so much inventory now than existed before the boom of the housing market in 2004. In the real estate graph below, the blue … (0 comments)
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tallahassee housing report: Real Estate Versus Automobiles * Which One Wins Lately?
- 08/03/10 12:19 AM
I received an thought provoking email yesterday from Tallahassee Realtor Jay Novak. The message made me wonder if there was a current real estate relativity index, which might reflect long-term values of common assets when compared to real estate. For example, how has a 2000 Rolls-Royce Corniche Convertible fared financially when compared to a home in the Tallahassee real estate market?
When the 2000 Rolls-Royce Corniche Convertible hit the market, only 374 were built and they sold for $359,900. Nowadays, you can find them selling for merely 1/3rd of that on Ebay, with a recent listing for one with only … (4 comments)
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tallahassee housing report: Home Sales Heat Up In Tallahassee
- 04/05/10 09:24 AM
By tracking closings in the Tallahassee MLS on a daily basis, we can normally spot trends just as they are beginning to happen.
When we look at the graph above, we can see a recent spike in the number of daily closed home sales in Leon County. There is much speculation that the Homebuyer Tax Credit is helping boost sales, and we will have to see what happens when that opportunity goes away (buyers must be under contract no later than April 30, 2010 and closed no later than June 30, 2010 in order to qualify for the credit).
What … (0 comments)
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tallahassee housing report: Average Monthly Home Sales Activity Picks Up
- 03/29/10 10:21 PM
The average monthly sales activity in the Tallahassee real estate market seems to be finally picking up. As the real estate graph below shows though, we are just over 1/2 our normal rate of sales. The yellow line represents the normal rate of sales, using the 1990s as the baseline.
Tallahassee Real Estate Links Do you want to know more about the Tallahassee real estate market? It is not as hard as you might think keeping up with the movements in the housing market, you just have to know where to look. The following are some of the best resources … (4 comments)
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tallahassee housing report: Closed Home Sales On The Rise
- 03/23/10 12:45 AM
Closed home sales continue to rise in the Tallahassee real estate market, continuing belief that the market bottom was reached on August 18, 2009. Of course, just because unit sales are rising now does not mean that property prices are rising. In fact, the opposite is true. Home prices continue to decline, thus enticing new buyers to come forward and take advantage of the great buys in Tallahassee housing.
Closed Home Sales Keep Rising When we view recent closed home sales in Tallahassee (above), we get a much clearer picture of the market bottoming out in August of last … (0 comments)
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tallahassee housing report: Good News In Pending Home Sales
- 03/15/10 02:02 AM
The most obvious way to predict future home sales would be to take a look at the list of homes that are under contract and waiting for closing. These are what we refer to as “Pending Home Sales” and we can track them on a daily basis in the Tallahassee MLS.
The real estate graph below shows that the number of pending home sales is climbing up from the bottom found in mid July. It is exciting to see this growth after years of steady declines.
This graph is the one-year trend of pending home sales, so the changes that … (4 comments)
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tallahassee housing report: Best News In 4 Years For Tallahassee Housing
- 01/31/10 11:19 PM
December proved to be a big month for the Tallahassee real estate market. Home sales surged 81% compared to December of 2008, with 129 new units and 292 existing homes sold. Condos and townhouses were up strongly, with a developer liquidation sale great enhancing their numbers. But single family detached home sales were up 50% on their own, meaning the entire market benefited from increased unit sales.
Reminder: The Tallahassee Real Estate Newsletter goes out again today. Subscribed? If not, you can do so in the form at the top right sidebar of the Tallahassee Real Estate Blog.
Year Over Year … (6 comments)
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tallahassee housing report: Tallahassee Housing Report 2010
- 01/01/10 01:01 AM
Since we have entered a new year (and a new decade), it’s time to take a look at the state of the Tallahassee housing market as it stands right now. I think the mode for 2010 will be “Improvement” as many of our real estate trends are moving upwards.
The key for 2010 is finding out whether the improvements that we saw at the end of 2009 were (as one reader put it) a “dead cat bounce,” or if in fact the recovery cycle has begun. 2010 will provide an answer to that question. So, what do our current real estate … (4 comments)
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tallahassee housing report: The Big 4-Oh In Tallahassee Real Estate
- 11/29/09 09:47 PM
Forty is on my mind today. Yesterday, we celebrated the 40th birthday of my “little” brother Danny, and this month we celebrate the fact that 40 tough months of real estate is most likely behind us.
Today, we begin to make the climb up from the bottom of the worst housing market since the Great Depression. Incentives are ripe for home buyers, with federal income tax dollars, low interest rates, and some great buys in the housing market.
Sometimes you have to look backwards to see where you are going. Understanding the cyclical nature of the real estate market … (2 comments)
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tallahassee housing report: Tallahassee Home Sales Report By Zip Code
- 10/06/09 12:09 AM
I was having a conversation with a customer yesterday about Tallahassee subdivisions and Tallahassee zip codes, or more specifically what was happening in various areas of the Tallahassee housing market. Even though she is coming to Tallahassee from another market out west, she was able to have a pretty solid grasp of where she wanted to live.
By using the Tallahassee real estate blog, she was able to differentiate the different housing styles and amenities of Golden Eagle Plantation versus Southwood, and she had narrowed down her desired area to two specific zip codes. She even had specific questions about the … (0 comments)
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tallahassee housing report: Measuring Home Sales Success
- 09/29/09 10:45 PM
Home sellers in Tallahassee are finding it a little easier to sell a home in Tallahassee as home selling success rate trends are equal to the levels that we were experiencing back in early January of this year. It appears as if the trend is going to continue higher as well.
Sales Success Trend Improving By tracking the one-year trend of home selling success rates, we can observe the overall ease (or difficulty) of getting a home sold in Tallahassee, without interference from the seasonal affects that are found in shorter trends. The following real estate graph shows the short term … (24 comments)
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2018 started off strong, home values increased dramatically, and buyer demand was red hot. Mortgage interest rates increased towards the end of Summer, cooling demand, yet home values continued to go up. Now that we are already in February of 2019 and home values continue to rise, many of our readers are feeling a sense of déjà vu and are wondering if the next housing bubble crisis is on its way.
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