Home Buyers More Active In Tallahassee May 11, 2010
Home Buyers have been increasing their activity in the Tallahassee real estate market, but the ending of the Homebuyer Tax Credit could slow them down. The peak of the market back in 2006 saw sales of nearly 16 homes per day, but by the time the market bottomed, we were seeing just 6 home sales per day.
Home buyers were clearly speaking their opinions of home values in the Tallahassee real estate market. The following real estate graph shows a great recovery has begun in mid August of last year.
When we zoom in on the recovery, we can actually track the market change to the very, very bottom. August 17th was the last day of the declining market and the recovery started the very next day. This coincides with old First Time Homebuyer Tax Credit and the seasonal strength of the summer market. The key to sustaining the rally of the market will be finding loan products for move-up buyers who are strapped for cash due to the loss of equity in their existing homes.
We will continue to keep tabs on all the daily activity of home buyers in the Tallahassee real estate market. You can always check back at our Tallahassee Housing Report to keep informed!
Great Real Estate Resource Sites
Do you want to know more about the Tallahassee real estate market? It is not as hard as you might think keeping up with the movements in the housing market, you just have to know where to look. The following realty resources are some of the best that you can find, and they are updated on a regular basis and are worth a book mark for people interested in the changing dynamics of the market.