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Real Estate Agent with Keller Williams Town & Country Realty

Hello everyone!  Last night I was talking to someone who has had a tremendous amount of experience in our market over the last decade.  I was telling him that things have definately started to pick up and was excited about the growing trend.  He reminded me that this is usually the cycle and that we should wait until after the summer to see what happens.  It will either continue to grow, as compared to last year, or drop off.  This will be the true test to whether we are in a rising market or not.  I look forward to finding out!  Thanks Gene!

Kierston  850-294-0777

Anonymous
Anonymous

things have definitely started to pick up?  it's always picking in the spring seliing season.

The main problem is that over 50% of home buyers either put no money down or little money down to buy or speculate homes in the last 5 years. Now, the lending standards are back to what were before. We just don't have enough qualified buyers to buy up all these homes on the market today. Therefore, inventory keeps moving higher, higher, and higher.

Price will have to fall to a level that inventory starts to clear up. Please let us know when you see year over year decline in home inventory for sales in Tallahassee.

Until then, prices will keep falling.  

Feb 28, 2008 07:38 AM
#1
Anonymous
Joe

Kierston,

Is that the person you talked to Gene Wilcox?

Mar 01, 2008 05:02 AM
#2