Posts tagged as:

Depreciation

Every month, we see new housing reports that are issued first by the National Association of REALTORS®, then by the Florida Association of REALTORS®, and finally by any local REALTORS® who actually pay attention to market reporting.
The one thing all of these seem to have in common is a consistent “spin.” Somebody at the National [...]

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A few weeks ago I wrote a blog about FSU Grads wanting to return to Tallahassee. It discussed the obstacles (jobs) to returning, as well as concerns about current and future home values. The blog was a response to a long-time reader who now resides in Ohio and would like to return one day.
After he [...]

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When the St. Joe Company decided to start its Southwood Development in Tallahassee, the company issued statements (press releases) that included various numbers of reasons why it felt Tallahassee would enjoy growth and prosperity in the future. Most importantly, it outlined the  target market for  people who would buy a home in Southwood.
One particular segment [...]

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Recently a reader of the Tallahassee Real Estate Blog, going by the name of “Nancy,” asked why we did not have a neighborhood report on our site for Pine Tip Hills in Tallahassee. Since I couldn’t come up with a good answer, today we’ll take a quick look at home sales in Pine Tip Hills.

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We love to get questions and comments from our readers, as they often times lead to the best blog posts on the Tallahassee Real Estate Blog. After reading yesterday’s blog regarding the appreciation rates of homes in Tallahassee, sorted by size ranges, we received the following comment from reader “Brad” who wrote:

This is pretty interesting. [...]

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The enclosed real estate graph is chock full of useful information about real estate appreciation in Tallahassee, but first we need to identify how we were able to produce the graph. The graph is a measurement with the following constraints:

* All recorded 2009 existing home sales in Tallahassee (no new home sales)
* Only “Warranty Deed” recordings in order to remove as much “non arms length sales” as possible
* Only properties with square footage recorded at the county
* All Previous sales were used to calculate annualized return for each property

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Much is written about real estate appreciation (or now real estate depreciation) and many points of reference are used to “validate” the rates that are being computed. But I warn you, most references to appreciation are just plain wrong.

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New single family permit and sales activity has been declining in the Tallahassee real estate market since January of 2006. While this is bad news for Tallahassee home builders, it is good news for the stabilization of the Tallahassee housing market.
The massive number of new homes that were built in 2004 and 2005 are a [...]

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I keep coming across articles and getting comments from readers about with whom we should place the blame for this declining real estate market. I have read that it is the banks’ fault for making money too easy to borrow. I have read that it’s the builders’ fault for building too many homes. I have [...]

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If you are in the market for a new mortgage loan, whether for buying a home or refinancing a home, then you might have run across a term that is causing great confusion in the real estate market today. The term that I am referring to is “Declining Markets.”
What Is A Declining [...]

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