Foreclosures in Tallahassee are growing at an alarming rate, and all this talk about a real estate recovery is soon going to be drowned out by a market saturated with distressed properties. New lis pendens filings in April grew by a scary 112% over April 2011, and foreclosures in Tallahassee grew by an even scarier [...]
In case you missed my previous post on The Forgotten Real Estate Inventory from last week, you should know that it might just have identified the newest catch phrase in the real estate industry. The real estate industry has used the same terminology for years to describe home sales. It is not often that we [...]
Homes are selling again in Weems Plantation, a popular Northeast Tallahassee neighborhood that has seen some tough times of late due to the relatively young age of the community. As we have discussed in the past, neighborhoods that were created after 2000 sold like fire during the boom of the housing market, but they now [...]
Whether it be written in real estate blogs or practiced in our daily operation of a real estate brokerage business, I often see confusion and misunderstanding of the short sale contract process. This confusion is not limited to homebuyers and homesellers, in fact, it most often is evidenced in the correspondences that I read from [...]
In October of 2009, I warned about a tidal wave of distressed property sales coming our way, and it now appears as if they have arrived. Thus far in April, 42% of all residential closings were distressed property sales, and the one year average is at 33%. Simply put, one in every three homes sold [...]
Do you want to know how foreclosures have impacted property values? Well, let’s take a stroll down memory lane. I have been in the real estate business since 1991, so here is what I would have said to a question about how foreclosures have impacted property values.
A hugely popular Northeast Tallahassee neighborhood in the 32309 zip code is Killearn Acres. It can often be said, as goes Killearn Acres, so too goes the Tallahassee real estate market. This is especially true today. Currently, there are 23 homes for sale in Killearn Acres, and buyers will be pleasantly greeted by 2002 home [...]
As home values continue to decline in Tallahassee, I am receiving emails and messages from more and more people who want to know how to get rid of a house. In fact, there is a growing number of people who have relocated away from Tallahassee and have become absentee owners and their motivation to get [...]
If you are looking to see what is currently available for sale in the Tallahassee home sales market, then you have come to the right place. Not only will you be able to view all of the homes for sale in Tallahassee, you can also view a quick Tallahassee Home Sales Report which will help [...]
