It is no fun to have to report that Tallahassee has reached a new housing market bottom (again). The new housing market bottom was reached in July, and our measured evidence suggests that we have further declines to look forward to in the coming months. Slow Home Sales Lead To New Housing Market Bottom Our [...]
home buyer tax credit
The housing market recovery is not going to occur in the next few years, it is going to take longer before we see the kind of balance that we have come to expect as both property owners and as tenants. While there have been a slew of recent articles pointing to the loosening of lending [...]
Pending home sales in Tallahassee look to be racing downwards and might create a new market bottom in the coming weeks. With the anniversary of the Homebuyer Tax Credit just 10 days away, I would say the odds are pretty good that we will see this happen. One year ago, first time homebuyers were drawn [...]
For the third consecutive month, year over year home sales grew in the Tallahassee real estate market. This type of measurement compares a current month with its counterpart from a year ago, so the updated housing report shows that March 2011 saw 16% more sales than March 2010. Considering that at this time last year [...]
Existing home sales in Tallahassee bucked the national trend in February by rising for a second consecutive month. February existing home sales were up 28% compared to February 2010, which following the 61% rise in January has made for a great start to the 2011 housing market. But don’t pop the corks on the champagne [...]
The real estate market in Tallahassee is heating up, as the annual seasonal buyers are making their trek to view (and purchase) homes over the next six months. If you are currently in the market to buy a home or sell a home in Tallahassee, then you should understand the current real estate supply and [...]
Pending home sales fell with the expiration of the Homebuyer Tax Credit, just as we predicted, so I felt it would be interesting to see how the Tallahassee real estate market fared versus the rest of the national real estate market. Today, RISMedia, a leader in real estate information systems, reported that pending home sales [...]
Foreclosure sales and short sales continue to grow in the Tallahassee housing market, showing signs that the shadow inventory is emerging into the mainstream inventory and perhaps we will begin to work our excess inventory through the system. As we have often reported in the past, the destiny of the real estate market is in [...]
It has now been a month since the end of the Homebuyer Tax Credit and many of us are wondering how the market will react. For long-time readers of the Tallahassee Real Estate Blog, you know that I have predicted slower home sales, falling home values, but a rise in the “average” home price. On [...]
