Posts tagged as:
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 [...]
{ 1 comment }
The 25th of each month is the day when we get to see the latest existing-home sales report that is published by the National Association of REALTORS®, so it is a day marked on my calendar for monthly action.
I always look forward to both reading the report as well as reading and hearing the interpretation [...]
{ 1 comment }
Every so often, I like to delve into my web site analytics package to see how many people have been visiting our Real Estate Blog and from where these people are coming. While the top origination points are not so surprising, I am always amazed that many of our visitors come from all over the [...]
{ 0 comments }
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 Home [...]
{ 3 comments }
Eight Thousand Dollars ($8,000) is a compelling enough reason for many to take advantage of the final days of the First Time Home Buyer Federal Income Tax Credit. But time is running out, as anybody who wishes to benefit from this program must close on the purchase of a property before December 1, 2009.
For all [...]
{ 2 comments }
After reading The State of the Nation’s Housing 2009 from the Joint Center for Housing Studies of Harvard University, it became clear to me that much of the rest of the country is already seeing some signs of a housing market turn. More importantly, it made me fully aware of the fact that many learned people are seeing reasons why it should and will be occurring.
But how do you predict the turn of the housing market in Tallahassee? There are so many factors involved that you cannot simply point to any one factor, so I thought I’d summarize why I think I know when the turn will begin.
{ 3 comments }
A demonstration of the impact changing interest rates have on the affordability of a home. It is easy to think that a change of interest rates of 1% is not that big, but when you consider a move from 5.25% to 6.25% (one percent), that is really an increase in the cost of borrowed money of 29%! What do you think would happen if labor costs rose 29% or land costs rose 29%?
{ 2 comments }
The biggest challenge for most home buyers is coming up with the cash needed to make a down payment. The monthly payment is not usually the challenge, as that payment is no greater than a rent payment would be for a similar property. With this in mind, the Federal Housing Administration made a big decision and an announcement yesterday that will give first time home buyers some real help.
{ 1 comment }
