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Today we are fortunate to have a “guest” who is currently working on his Ph.D. at Florida State University. Tim Munyon is doing research on the relationship between real estate clients and their agent during a real estate transaction. You might have noticed the “survey” button on our sidebar, which takes you to Tim’s survey.
Here [...]

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Yesterday the Federal Reserve announced a $500 billion commitment to purchase mortgage back securities (MBS) and a $100 billion commitment to purchase debt of Fannie Mae, Freddie Mac and the Federal Home Loan Banks. This infusion of capital into the mortgage market caused the average 30-year mortgage rate to drop to the lowest rates in [...]

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As I have often written in the past, the inventory of homes for sale will be the first clue as to where the market is heading. For this reason, we track a myriad of trends in the Tallahassee housing market, but keep a keen eye on the short-term trends in home inventories. The Tallahassee Real [...]

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They say that a picture is worth a thousand words, and if that is the case, today’s blog is going to be about 1,200 words. I have produced a graph that shows the number of Tallahassee home sales each year, sorted by type and style, that clearly demonstrates the market correction in which we are [...]

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Just over three months ago, I wrote a blog article in the Tallahassee Real Estate Blog that examined the relationship between Home Prices and Interest Rates in determining the time to buy a home. It has been the source of numerous comments and debates in several real estate forums on the Internet.
If you refer back [...]

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Mortgage Rates Have Dropped

January 15, 2008

 

Mortgage rates are at a two-year low. This creates opportunity for homeowners with two exciting choices. If you are comfortable with your current mortgage payment, come in and see how much home you can now buy (since it is a great buyers’ market). You might be surprised in the value you can acquire.If you would [...]

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