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I am in Tampa, Florida for a few days working on a new business plan and figured I would give a quick housing report from the hotel this morning regarding pending home sales in Tallahassee. As our long-term readers already know, this report shows us what we are going to “read” about the market over [...]
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The most obvious way to predict future home sales would be to take a look at the list of homes that are under contract and waiting for closing. These are what we refer to as “Pending Home Sales” and we can track them on a daily basis in the Tallahassee MLS. The real estate graph below shows that the number of pending home sales is climbing up from the bottom found in mid July. It is exciting to see this growth after years of steady declines.
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The National Association of REALTORS® recently released a few reports that I find interesting. First, they reported that there have been nine (9) consecutive months of gains for pending home sales, suggesting that the housing market is poised for significant gains: The rise from a year ago is the biggest annual increase ever recorded for [...]
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The Tallahassee Housing Market is undergoing a pleasant change right now. Most of the key indicators signal that we might be starting a recovery. Is it due to the fact that we have spent two years selling roughly 50% of the number of homes that our market history sells? Or is it due to the [...]
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Housing Reports Without The Bias
February 16, 2010
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 [...]
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