by Joe Manausa on July 3, 2009
I came across a survey of homeowners that I think is very enlightening for many reasons. This Zillow real estate survey (a real estate aggregator and internet portal) asks homeowners what they think of their home value and what its value will be in the future. They also ask what the homeowner thinks about their home in relation to others in the market.
Perhaps the greatest thing about the Zillow real estate survey is that we can look at past and current surveys to see the trend of homeowner “consumer confidence” as it is measured using the home as the standard. Not surprisingly, homeowners are much more aware of the depreciation that has occurred in the past two years than they were just last year. But what do they think of their home value versus that of their neighbors?
[click to see Zillow Homeowner Confidence Survey…]
by Joe Manausa on July 1, 2009
The year is half-way over and we’ve been tracking the market activity on a near-daily basis over at The Market Bulletin. With the summer buying season well on the way, the market is starting to see activity from buyers who are taking advantage of the First Time Homebuyer Tax Credit. We know this because are seeing sales increase in the price ranges most often purchased by First Time Homebuyers.
Unfortunately, the rest of the market is not seeing a whole lot of vitality. Homes that are aggressively positioned in the market are doing quite well (we have one home that had 6 offers on it last week and we negotiated a contract at a price higher than what the seller was asking), but for the most part, the rest are stagnant.
Today is real estate graph day … with 7 updated graphs of the Tallahassee real estate market.
by Joe Manausa on June 26, 2009
I was recently asked what the most popular real estate blog articles that I had written in the past twelve months. When looking to choose the best of the articles written in the Tallahassee Real Estate Blog, I decided to simply choose the ones that had the most visits. I’m sure there are other ways to measure, but this at least let me know the topics that were most important to our readers. Let me know if I missed any!
by Joe Manausa on June 20, 2009
I was looking through a list of reader questions and found one that really stood out. This reader was wondering how to find homes for sale where the seller was offering some or all seller financing.
Seller financing is a topic about which many people could benefit from learning. Most real estate agents will never do a transaction involving seller financing, and most homebuyers would never even think about asking for this type of assistance. And finally, most home sellers would never even realize the benefit to themselves to offer some level of owner financing.
The purpose of this post is to explore the benefits of seller financing for both home buyers and home sellers.
by Joe Manausa on June 12, 2009
In yesterday’s edition of the online edition of the Wall Street Journal, it was reported that a group of business executives issued a set of recommendations for the White House and Congress that are aimed at jump-starting the housing market in order to stimulate a broader economic recovery. How is this important in the Tallahassee Real Estate Market?
Business Roundtable Wants Tax Credit For All Home Buyers
We have written quite a bit here lately about the First Time Homebuyers Tax Credit, so this is directly related to that program. The Business Roundtable, an association of chief executive officers of leading U.S. corporations, feels that the best way to boost the economy is to stimulate the demand side of the real estate market.
In their press release, they stated “We believe targeted, demand-side solutions – such as the ones Business Roundtable is recommending today – will provide a critical next step for a housing recovery that will help create jobs and boost the economy as a whole.” So, what exactly are their recommendations?
[click to continue…]
by Joe Manausa on June 7, 2009
Welcome to the June 7, 2009 edition of real estate market reports. This week, we are starting to get market reports showing that the portion of the markets affected by the First Time Homebuyer Tax Credit are seeing activities in new contracts. Additionally, rising interest rates are starting to stir buyer activity as well.
Housing Report
Bill Gassett presents Westboro Real Estate Market Report May 2009 posted at Metrowest Homes Blog, saying, “In comparing year over year longer term data for Westboro Massachusetts, the average list price and sale price both went down year over year from January to December. This can be attributed to the on going weakness in the real estate market in Metrowest MA. There was however a decrease in the days on the market for the same period in Westboro MA. This is indictive of sellers becoming more realistic in pricing their homes properly.”
Silicon Valley Blogger presents Best Places To Retire For Cheap posted at The Digerati Life, saying, “Thanks!”
Tallahassee Real Estate presents Why Try To Sell Your Home For Sale By Owner posted at Tallahassee Real Estate Blog, saying, “Yesterday’s blog on “For Sale By Owners” created some interesting discussion both here and at a real estate networking site that I visit on a regular basis. It seems that, oddly enough, my viewpoint was shared by most REALTORS®, yet some of our readership was mixed”
Local Real Estate Data
Lenn Harley presents ASHBURN VIRGINIA MARKET REPORT HOMES SOLD in MAY 2009 posted at Lenn Harley, Broker, Homefinders.com in Maryland and Virginia, saying, “Ashburn is a major employment center for Northern Virginia. High tech employment has seen steady growth in Ashburn Virginia since the early 1990s as the attraction of Dulles Airport, smart tax incentives to employers and major road improvement to manage traffic has made this area a target for national and international companies.
Home buyers have benefited from this growth as major builders were attracted to the area. Prices are far lower than Fairfax County real estate and the public schools in Loudoun County are popular and scholastic achievement is high.”
Monique Hailer presents About Southern Maryland posted at Southern Maryland Waterfront Real Estate, saying, “About Southern Maryland
The Southern Maryland region boasts rural history & maritime culture. Southern Maryland is made up of the tri-county area of Calvert, Charles, and St. Marys. The counties are divided by the Patuxent River, a tributary of the Chesapeake Bay, with St. Marys & Charles Counties on the west and Calvert County on the east. Nestled between the Potomac River and the Chesapeake Bay, Southern Maryland Real Estate is only a short drive from major cities like Washington, D.C. and Baltimore.”
Kathy Torline presents 11 things to ASK about when buying a new home in Colorado Springs posted at Colorado Springs Vintage Homes Blog.
Tallahassee Real Estate presents Real Estate, FSBOs, and Fishing Nets posted at Tallahassee Real Estate Blog, saying, “For those of you that do not know, “FSBO” is a term used in the real estate industry for people who are trying to sell their home without a real estate brokerage company. The term “FSBO” stands for “For Sale By Owner.” So, I’m sitting here wondering what people are thinking about when they put their home on the market without the benefit of an international marketing effort.
The following real estate graph is the measurement of home sales failure rates in Tallahassee. The results are staggering:” [click to continue…]
by Joe Manausa on May 25, 2009
Welcome to the May 25, 2009 edition of real estate market reports.
Housing Report
Jacqulyn Richey presents New Home Builder Closeouts posted at Las Vegas Homes – Henderson Real Estate, saying, “Builders are finally completing communities started in the real estate boom years.”
BrandonLaughridge presents FHA To Allow 8000 Tax Credit To Be Used For Down Payment? posted at Mortgage Loan Place Blog, saying, “Zero down loans may be possible on FHA loans up to about $200k.”
Tallahassee Real Estate presents Killearn Acres Tallahassee posted at Tallahassee Real Estate Blog, saying, “Something interesting I found when I studied the historic home sales in Killearn Acres was that the “boom market” of escalating sales ended early for some reason. Home sales slowed more than a year earlier here than it did in most other Tallahassee subdivisions, though prices did continue to climb until 2007.”
Tallahassee Real Estate presents Different Southwood Home Types See Similar Sales Results posted at Tallahassee Real Estate Blog, saying, “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.”
Local Real Estate Data
Tallahassee Real Estate presents Home Sales In Tallahassee’s Hottest Neighborhoods posted at Tallahassee Real Estate Blog, saying, “One question that pops up often at our CENTURY 21 office in Tallahassee is “where are homes selling in Tallahassee?” People are wondering if there are any movement trends and what Tallahassee subdivisions are experiencing sales at a greater pace then their competitors. [click to continue…]
by Joe Manausa on May 5, 2009
Welcome to the May 5, 2009 edition of the Real Estate Market Reports Blog Carnival. Our carnival has been traveling around the county and brings you real estate reports from Utah to Florida, California to Maine. This week we cover quite a bit of mortgage news and opinion in the “Other Information” section, so make sure you check it all out.
Local Real Estate Data
Jayson Gibson presents Utah $6,000 New Home Purchase Grant Stimulates Home Sales posted at New Homes Section Blog, saying, “Information about the $6,000 home purchase grant available in Utah.”
Tallahassee Real Estate presents Tallahassee New Home Construction Continues To Slow posted at Tallahassee Real Estate Blog, saying, “As most of our analysis of the Tallahassee housing market focuses on inventory (and specifically supply and demand of homes for sale in Tallahassee), we must always keep a vigilant eye on the state of the new home construction market in Tallahassee.
Each month, we record the number of new single family building permits issued in Tallahassee (Leon County) in order to see what kind of effect new homes will have on the market”
Praveen presents Oswego Townhouse Nightmare posted at My Simple Trading System.
Real Estate Market Report
Tallahassee Real Estate presents Tallahassee Foreclosures Surge In First Quarter 2009 posted at Tallahassee Real Estate Blog, saying, “We have recently updated the Tallahassee Distressed Properties page and it brings an unsurprising rise in foreclosures in Tallahassee. The lis pendens filings for 1st quarter 2009 were up 63% as compared to the 1st quarter of 2008. [click to continue…]
by Joe Manausa on April 19, 2009
Mortgage rates appear to be kick-starting the housing market, according to many real estate market reports from around the country. In addition, the $8,000 First-time Homebuyer Tax Credit seems to be stimulating the new buyers in getting their “piece” of the government bailout.
Welcome to the April 19, 2009 edition of real estate market reports, a traveling weekly gathering of real estate blogs from around the country. I hope you enjoy these articles and would love any feedback in the comments below.
Housing Report
Tallahassee Housing presents Rising Foreclosure Levels Hit Tallahassee Real Estate posted at Tallahassee Real Estate Blog, saying, “For those of you who have been regular readers of the Tallahassee Real Estate Blog for quite some time, you will know that we have been keeping an eye on distressed properties in Tallahassee, knowing that if too many hit the market, they will bring a whole new level of pricing pressures on otherwise “regular” home sellers.”
Tallahassee Housing presents 33 Months Of Declines In Tallahassee Home Sales posted at Tallahassee Real Estate Blog, saying, “The new data has arrived for the month of March and it appears that we have posted our 33rd consecutive month of declining home sales (when measured year over year). What this means is the March of 2009 was worse than March 2008 (and February 2009 was worse than February 2008, etc.) going all the way back to June 2006.”
Local Real Estate Data
Brien Berard presents More Homes Are Selling Prince Georges This April! posted at Laurel & Silver Spring MD Blog, saying, “Prince Georges County housing market improving.”
Doug Willis presents Pasadena Housing Market Comes Roaring Back posted at Up2Date, saying, “For a patient that had been on life support for the last year and a half, the surgical team came in with a prognosis of “cautiously optimistic”. The medication came in the form of lower mortgage rates and an $8000 tax credit for first time home buyer’s. The increase from February to March was one of the biggest we have seen in 5 years” [click to continue…]
by Joe Manausa on April 6, 2009
Welcome to the April 6, 2009 edition of real estate market reports. Some of the markets are reporting signs of a market turn, even if not a full-blown recovery. When do you think we’ll see the full blown recovery of the real estate market?
Housing Report
Tallahassee Real Estate presents Slower Home Construction Helps Reduce Inventory In Tallahassee posted at Tallahassee Real Estate Blog, saying, “New single family permit and sales activity has been declining in the Tallahassee real estate market since January of 2006. While this is bad news for Tallahassee home builders, it is good news for the stabilization of the Tallahassee housing market.”
Troy Trumm presents Omaha Real Estate: Omaha Real Estate Market – March, 2009 posted at Omaha Real Estate, saying, “Summary of Omaha homes sales and the number of Omaha homes for sale in March, 2009.”
Torrey Brothers presents Housing slowdown? Try housing shortage! posted at Hot Wholesale Rehabs.
Local Real Estate Data
Brien Berard presents Home Sales In Laurel Maryland posted at Laurel & Silver Spring MD Blog, saying, “Home Sales in Laurel Maryland Prince Georges County” [click to continue…]
