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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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Tallahassee has quite a few golf courses and most of them have neighborhoods that are built around and through the golf courses. In the northeast quadrant of Tallahassee, you can find the Summerbrooke neighborhood which is also built around a locally developed golf course.
The Tallahassee Real Estate Blog often visits Summerbrooke in order to keep [...]
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A new white paper was released yesterday by the Cato Institute which boldly claims that the cause of the housing bubble isn’t what everybody else has been talking about for the past few years. In this policy analysis, Randy O’Toole argues that the blame rests on a regulatory system known as growth management, saying
Some people [...]
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As I was doing research into Tallahassee housing appreciation, I found that a simple methodology utilized historic information on home sales and specifically the selling prices compared to the square footage of the home. If the market price per foot was rising, most likely we were experiencing real appreciation, whereas if the market price per square foot was falling, Tallahassee homes were depreciating.
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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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I have been receiving the same question from a lot of people lately …. “What do I do with my upside down home?”
Having purchased a home when the market was booming in 2004 through 2006, many homeowners find themselves “Upside Down,” meaning they owe more money on the home than they can net from its [...]
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There has been some debate lately in the Tallahassee real estate market regarding how one would measure appreciation rates of homes in a given real estate market. Some people like to think that you compare the median home price in our market today with the median home price from a year ago, and that will [...]
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