National media tends to blend data which creates some information, while useful, that may not be meaningful to you and your neighborhood.
All the data is not always available, but when you look at some information on a neighborhood the story is not so bad. For instance if you look at my web page that tracks data for the Piney Z neighborhood in Tallahassee you will see that all the news is not bad. People are still receiving appreciation on their property.
In fact, the Tallahassee real estate market is not doing all that badly. Sales volume is certainly off but when it comes to appreciation, the norm is to have experienced moderated growth. Certainly not the double digit of some recent years past, but appreciation none the less.
Most of the listing on the Frog Realty website would be in this position. I believe most people have come to grips with the fact that double digit annual appreciation is not a sustainable position. But real estate still shows nice appreciation and therefore still makes for a great investment--especially when you live there!
File this under things are not as bad as they seem.
Michael Lee
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