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Yesterday, I received a great comment by a Destin, FL REALTOR® who pointed out that the shadow inventory of homes has many more components than just the defaulted mortgage pool. His example was of homes in a new neighborhood, developed in 2005, where all of the home owners are now upside-down on their mortgages.
As he [...]
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Every so often, I like to look at different segments of the Tallahassee real estate market. I wrote a blog on the “Tallahassee Upper End” back in September of last year. Back then, I reported that there was over two years’ supply of homes over $700,000 in our MLS. (See Red Line Below)
Graph From September [...]
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