Too often, we work with people who want to buy a home in Tallahassee who do not understand the importance of being a strong buyer. They believe that due to the nature of the market, they have thousands of homes from which to choose so they can just go out and “shop.” Read the rest of this entry
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Have you ever been driving around a neighborhood and seen a home for sale that really piqued your curiosity? Most likely you called the real estate brokerage office and asked to see the property, only to be asked to come to the office. The office might even be on the opposite side of town! Read the rest of this entry
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I had a request from a long-time reader yesterday that I felt would make a great follow-up article to the one that we did a few days ago on Southwood in Tallahassee. For those of you who saw the headline and were hoping for a “Running of the Bulls - Southern Style!,” then I am sorry to disappoint. This article is about the Bull Run Subdivision in Tallahassee, Florida, not about running with the bulls in Pamplono Spain. Read the rest of this entry
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Here’s a quick Tallahassee Subdivision update. I downloaded all the current listings in the Tallahassee Board of Realtors Multiple Listing Service (MLS) and tabulated the results by subdivision. Read the rest of this entry
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With this being the 101st blog written in the Tallahassee Real Estate Blog, I figured I would give the readers a look at who is visiting our blog in Tallahassee, Florida. You might be surprised at who we drag in. So, to answer our question regarding who are you Tallahassee real estate people…
Women out-visited men during the month of June. I wonder if this is a long-term trend. It seems that our average parallels that of overall internet usage.
Not surprisingly, 93% of our visitors are old enough to buy or sell a home in Tallahassee.
The ethnicity figures for the Tallahassee real estate blog shows that 93% of our visitors are either Caucasian or African American.
This chart shows that it’s not just my friends and family visiting, as we can see that 60% of the visitors to Tallahassee Real Estate Blog have a college degree (or higher).
Roughly 7 out of 8 of our visitors make greater than $30,00 per year, while 1 in 2 make over $60,000 per year.
Perhaps the most interesting data that I have found is that our visitors come from 110 different countries! That too me is amazing. It just shows you the power of the internet and the importance of having an international real estate marketing plan, even for lil’ ol’ Tallahassee.
This next graph shows that we have had over 35,000 visits this year and that mid-day at the Tallahassee Real Estate Blog is roughly 2:30 p.m. and that 2/3rds of our visitors have been to the blog by 5:00 p.m. Eastern Time.
O.K. Now that we all know who everybody is, hopefully we can see a lot more comments and two-way dialogue on what is becoming a very popular spot in the blogosphere. Please do not hesitate to comment below and to recommend anything that you would like to see covered on the Tallahassee Real Estate Blog.
As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.
Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.
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Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
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Well the year is half-way over and we’ll be gathering a whole lot of data over the next three weeks to help us create the mid-year report for the Tallahassee real estate market.
We’ve been playing around with some new technologies and need your help. So, just to make sure this point does not go un-noticed….
Many of our readers have had questions regarding some of our charts, graphs and analysis of the Tallahassee real estate market. In order to make our regular, re-occurring real estate market reports better understood, we are experimenting with video files to explain the real estate market reports.
So, how can you help? Simply watch the following video and then comment below with some feedback.
Please view this video and give us your feedback.
As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.
Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.
If you like this Article then please subscribe to my blog through a full RSS feed, or you can
Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
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We are about to complete the first six months of the Tallahassee Real Estate Blog! How time flies…
You might be surprised to find that the visitors to the Tallahassee Real Estate Blog come from all over the world. Just this morning, I checked and found some interesting results. The maps below represent the source of visitors. The darker the green color, the more visitors that came from that location.
As you can tell, most of the visitors come from the U.S., and most of them come from Florida. But I did not expect to find that 107 countries and every State has sent visitors to the Tallahassee Real Estate Blog in just 6 months! Additionally, who would have guessed that the most active States would not be our neighboring states, but rather California and New York! I guess the world really is shrinking.
Part of our success in drawing people from all over the world is the result of our renewed focus on Internet Marketing for Real Estate with Web 2.0. We committed to this change at the end of 2007 and we are very excited with the preliminary results that we are finding at the Tallahassee Real Estate Blog.
This week, we expect to see the May real estate report completed in the Tallahassee Real Estate Blog. Tune in for colored graphs, charts and more analysis of Tallahassee housing.
As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.
Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.
If you like this Article then please subscribe to my blog through a full RSS feed. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe to this blog and have it delivered by Email.
Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
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You might not be aware of an important decision that the United States Senate will be considering in the next few days. This decision will determine whether or not housing consumers will be able to get fair, safe and affordable mortgage credit, which of course is a major part of the health of the national housing market.
Current loan limit increases for FHA, Freddie Mac, and Fannie Mae are due to expire at year’s end. There is a major push by many groups to make these loan limits permanent in order to restore investor confidence and stabilize mortgage markets and the entire economy as well.
While this is definitely national news, it also hits us close to home in the Tallahassee real estate market. You see, many Tallahasseans have relied on these government insured loans over the past twenty years (and longer, but before my time…). Except for the boom market years of 2004-2006, these were the typical loan programs that we saw utilized in our sales in the Tallahassee real estate market.
So, what can you do? Send a letter to your Senators. The House of Representatives has already voted to do so, but the Senate has reduced the maximum limit in its bill. Our economy is heavily tied to the housing market and we need to follow the lead of the House of Representatives.
How Do You Do IT?
Follow this link and fill out your name and address. It will generate a letter and email it for you if you wish, or allow you to modify it and print it for snail mail. It takes less than a minute and you’ll be doing your part to maintain your own home’s value.
The Senate needs to keep the higher loan limits in place for 2009 and beyond.
June 12, 2008 07:50 PM
Senator Bill Nelson U.S. Senate 716 Hart Senate Office Building Washington, DC 20510-0001Subject: Make Higher Loan Limits Permanent for FHA, Freddie Mac & Fannie Mae
Dear Senator Nelson,
As your constituent and a REALTOR, I urge you, as a Member of the Senate, to support making permanent the FHA, Fannie Mae and Freddie Mac loan limits in the bipartisan Economic Stimulus Act, signed by President Bush last February. The legislation raised the maximum loan limits in high cost areas to $729,750 but it expires on December 31, 2008. The limits help homeowners in 240 counties in 26 states and can help get our national economy back on track.
The House-passed housing stimulus bill, H.R. 3221, makes the $729,750 limits permanent. Senate bills cap the limits at $550,440. Our 1.2 million members applaud the progress the Senate has achieved, but strongly believe that the final bill must include the House bill’s loan limits.
The national mortgage market meltdown dramatically raised the cost and reduced the availability of mortgages in my market. Higher limits are helping to revitalize local housing markets, providing safe, fair and affordable mortgages for our state’s homeowners. The limits are also helping to stabilize our entire economy. Higher limits simply reflect market realities in high cost areas. A lower limit unfairly penalizes citizens based simply on geography.
Drastically reducing the temporary limits at year’s end to the Senate cap of $550,440 will push our fragile housing and credit markets back into turmoil. We need permanent limits of $729,750 to stabilize our housing markets and help citizens of every state — not just residents of high cost areas. Please support making the $729,750 loan limits permanent.
Sincerely,
Joe Manausa 2138 Amanda Mae Court Tallahassee, Florida 32312
Joe Manausa
2138 Amanda Mae Court , Tallahassee, Florida 32312
June 12, 2008 07:50 PM
Senator Mel Martinez United States Senate 356 Russell Senate Office Building Washington, DC 20510-0001Subject: Make Higher Loan Limits Permanent for FHA, Freddie Mac & Fannie Mae
Dear Senator Martinez,
As your constituent and a REALTOR, I urge you, as a Member of the Senate, to support making permanent the FHA, Fannie Mae and Freddie Mac loan limits in the bipartisan Economic Stimulus Act, signed by President Bush last February. The legislation raised the maximum loan limits in high cost areas to $729,750 but it expires on December 31, 2008. The limits help homeowners in 240 counties in 26 states and can help get our national economy back on track.
The House-passed housing stimulus bill, H.R. 3221, makes the $729,750 limits permanent. Senate bills cap the limits at $550,440. Our 1.2 million members applaud the progress the Senate has achieved, but strongly believe that the final bill must include the House bill’s loan limits.
The national mortgage market meltdown dramatically raised the cost and reduced the availability of mortgages in my market. Higher limits are helping to revitalize local housing markets, providing safe, fair and affordable mortgages for our state’s homeowners. The limits are also helping to stabilize our entire economy. Higher limits simply reflect market realities in high cost areas. A lower limit unfairly penalizes citizens based simply on geography.
Drastically reducing the temporary limits at year’s end to the Senate cap of $550,440 will push our fragile housing and credit markets back into turmoil. We need permanent limits of $729,750 to stabilize our housing markets and help citizens of every state — not just residents of high cost areas. Please support making the $729,750 loan limits permanent.
Sincerely,
Joe Manausa 2138 Amanda Mae Court Tallahassee, Florida 32312
As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.
Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.
If you like this Article then please subscribe to my blog through a full RSS feed. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe to this blog and have it delivered by Email.
Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
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Every month I like to take a reading of the inventory movement from the Tallahassee Board of Realtors Multiple Listing Service (MLS). This data source represents roughly 65% of what is happening in the Tallahassee real estate market and surrounding areas. The Tallahassee MLS records information about:
So what does the newest data tell us about inventory movement in the Tallahassee real estate market? Unfortunately, it tells us that we are still seeking the bottom of the market. Inventory levels are rising and sales trends are still falling. Throughout the five-county area, we have finally seen the inventory of housing reach 16 months of supply!
The key to finding the bottom and then turning this market around will be seen in the turn of the sales trend. We have seen prices drop quite a bit, but certain areas of the Tallahassee real estate market have not seen a whole lot of change. Beach properties are having the biggest impact on this graph and I suspect there is more blood that needs to be shed at the beach before we see the investors swoop in and start to scoop them up.
The sign to look for at the beach this summer is rental rates. If we start seeing all of the “flip” properties start to hit the rental market, then rental rates will have to start dropping dramatically. If the flip properties are still being held for sale, then the rental market will be less affected and rental rates will be strong. Once they are converted to rentals, we know the final step before the turn will have been reached.
The inland areas of the Tallahassee real estate market are struggling as well, just not nearly as much as the beach area markets. I will be publishing the Leon County Florida Real Estate Inventory Report within the next ten days and I suspect our inventory levels will be around the 11-month level. While 11 months of supply is no reason to rejoice, it sure beats a day at the beach!
As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.
Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.
If you like this Article then please subscribe to my blog through a full RSS feed. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe to this blog and have it delivered by Email.
Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
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We had such great response to the Tallahassee Florida Real Estate Blog yesterday that we’ve decided to issue a second edition of our most trafficked blog articles. Today’s compilation of real estate articles will focus on Tallahassee real estate.
A Great Tallahassee Real Estate Case Study - Home ownership in the Tallahassee real estate market is the single-greatest investment that a family can make. It blows away the stock market, and for most families, it is by far the smartest investment that they can make.
Tallahassee Real Estate Historical Information - We often hear that the Tallahassee real estate market is cyclical, but sometimes a picture will show us much more than mere words can communicate. This blog article includes excellent charts, graphs and analysis of the previous 68 quarters in the Tallahassee real estate market.
Residential Sales In Tallahassee in 2007 - The Leon County tax data base shows residential unit sales going back to 1990. This article is a collection of graphs that show how the residential market in Tallahassee has changed and grown over the past 17 years.
Inventory Trends In The Tallahassee Real Estate Market - The preliminary numbers are in for the Tallahassee Real Estate Market and the first thing that I like to check (lately) is the inventory trend chart. This chart tells us, based on the previous twelve months of information, whether the inventory in the MLS is thinning or growing.
High-End Market Update - Tallahassee high-end inventory has grown to nearly 30 months of supply, but believe it or not, the upper end market has been growing, so anyone who prices their home competitively should expect to see fairly steady traffic through their home. While such high inventory in this price range is not great news, it is good to know that homes are continuing to sell in the upper end.
Graphs, Graphs and More Graphs of Tallahassee Housing - It appears that prices are rising…. yet we know inventory has risen and unit sales have fallen. What we expect to see is some downward movement on prices. I asked readers of the Tallahassee Real Estate Blog (and others) for opinions on why this was happening and really none of us had a good answer….. Until Gooch had this idea!
Tallahassee Real Estate Market Analysis Home Page - Well, it is finally started. After receiving so many requests for a permanent location to find real analysis of the Tallahassee real estate market, Century 21 First Realty has created the place! If you want to know more about the current trends in Tallahassee real estate, just following the link!
Watch A 5000 Square Foot Home Being Built In Less Than 10 Minutes! - Possibly one of the most fun blogs that we have written at Century 21 First Realty in Tallahassee. This is a 9 minute video, posted on YouTube, that shows a 5000 square foot home being built. The awesome home construction video is set to fun music and will entertain and enlighten people who want to see a home being built, fast.
As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.
Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.
If you like this Article then please subscribe to my blog through a full RSS feed. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe to this blog and have it delivered by Email.
Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
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