Damned if you do, damned if you don’t. Such is the situation for Tallahassee home builders. To make a living (and feed their families) they must build more homes. But for builders to see great times again, they need to see the housing market return to a balance of supply and demand. The glut of
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10/31/2010
One way to get a perspective on the enormity of the swing that our housing market has made is to look at the home sales data in a graph of trend lines. In the graph above, the yellow “dots” are the actual number of sales each month, while the lines show the average sales trend for 1 year, 5 years
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10/31/2010
Pending home sales provide us with an advanced look at the future closed home sales report. The reason that I wanted to highlight this graph today is that it represents a very disturbing trend in Tallahassee (as well as most US housing markets. The number of homebuyers in the market is falling,
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10/31/2010
Yesterday a home seller asked me “how long does it take to sell a home?” Now for the long-time readers of the Tallahassee Real Estate Blog, you know this is a touchy subject for me. The short answer of course (with appropriate liquidity in the market) is “4 to 14 days”, but I’ll get to that in a
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10/29/2010
So you have a home to sell (in the worst market of the past 100+ years) and you’re trying to figure out how to choose a real estate agent. You know that you need to interview some agents for the job of selling your home, but you have no idea what to do. Use this brief article as a reference to t
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10/28/2010
Quite a few of our recent posts have been on creative financing in real estate, and many referred to using a residential lease agreement during some portion of the creative purchase of a home. The lease is important in creative home buying as it allows the buyer to occupy (or use the property)
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10/27/2010
If you are a regular reader reader of the Tallahassee Real Estate Blog, then you know that I am an advocate of using a lease purchase agreement (rent to own homes) and many other forms of creative financing for real estate. But just because that I advocate the use of this form for real estate acq
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10/26/2010
In less than half an hour, the National Association of REALTORS® (NAR) will publish the monthly existing home sales report. Based upon the recently published Pending Home Sales report, I would not be surprised if it shows a seasonally adjusted rise in the number of homes that sold over the past
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10/25/2010
I was just going through my Google Analytics and Mint Analytics for the Tallahassee Real Estate Blog and had to chuckle about the sources of some of my traffic. The image on the right shows the traffic I have received from pictures over the past 30 days. Apparently, if you know a little about rea
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10/24/2010
If you want to know how to buy a home with bad credit, then you have come to the right place! If you think you are alone in your Tallahassee home search with a bruised credit history, then I have some very good news for you. The whole world of banking and finance is teetering on the edge of self
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10/22/2010