As all my friends and family can attest, I’m no Albert Einstein, but I can still explain the concept of real estate relativity to those who get confused about the current supply and demand dynamic in housing. Specifically, when discussing real estate relativity (or the relative supply of homes for sale), we look at the [...]
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 [...]
Tallahassee Home Values have declined by roughly 33% across the entire market coverage area, but we are seeing the rate of decline slow over the past six months. While I am not certain that this is anything more than a seasonal fluctuation, I’ll take it as some moderately positive news for a housing market that [...]
I was helping an out of town customer buy a lot recently and realized that many people are most likely not aware of some of the great Tallahassee real estate maps that can be found on the internet. I use these all the time to get a feel for lot sizes and topography, so I [...]
Forest Heights is heating up, and possibly might become the renegade neighborhood in Tallahassee. Though it has declined in value like the rest of the real estate market, Forest Heights is going to be attracting both real estate investors and owner-occupants alike. With homes built in the 1950s, 1960s, and 1970s, Forest Heights is a [...]
Many people who are looking to buy a home in North Central Florida are looking at distressed properties due to the perceived discount that they will receive. While the discount is often due to the condition of the property, there are still some great opportunities when looking at foreclosures, bank owned properties (REO), and short [...]
The Tallahassee real estate market report has been published at our Market Reports page and it shows a rise in the relative supply of homes for sale in Tallahassee. Today’s blog post will expand the report to include all of the counties covered by the Tallahassee MLS, including Leon County, Wakulla County, Gadsden County, Jefferson [...]
