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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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Oh how I’ve longed to write this article. We have been tracking the daily movements in the Tallahassee real estate market for well over 2 years now, and reporting our findings at The Market Bulletin twice per week since March of 2008. Early on, we discovered that we could track the trend of daily buyer [...]
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A few things stand out when I look at these results. First of all, new single family homes in Southwood (price per foot) are selling for less than the resale price per foot. That sure makes for some tough competition when a Southwood homeowner decides to sell a home and tries to compete with builders bringing in supply cheaper than they paid for theirs.
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Please don’t shoot the messenger! We’ve all heard this euphamism used when somebody reacts to bad news by blaming the reporting person or agency, which is exactly what happened in yesterday’s Tallahassee Real Estate Blog about Piney-Z home sales.
I wrote an article with updated facts about the Piney-Z neighborhood in Tallahassee. The reader was obviously [...]
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As I was assembling all of the charts, graphs and analysis of the Tallahassee housing market this past weekend, I had a very strong suspicion that I wasn’t going to find good news. I had already performed a preliminary analysis by downloading January sales from the Tallahassee Board of REALTORs Multiple Listing Service (MLS), and [...]
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Whenever we work with families with children who want to buy a home in Tallahassee, invariably one of the most important criterion that they use in the home selection process is the school zone in which the home falls. Everybody has their own opinions on what school is hot and what school is not, but [...]
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