Archive for October, 2013

As Home Values Rise, Buyers Feel Confident to Purchase More Expensive Homes

Sunday, October 27th, 2013

It’s not quite 2006 all over again, but as home values rise, buyers feel confident to purchase more expensive homes this year.  This nationwide trend is showing up in Tallahassee home sales also. In 2009 there were 39 Tallahassee homes sold in the $500,000 to $750,000 price bracket.  This year, there have already been 48 homes sold […]

Flood Insurance Surge Will Wash Away Home Value

Saturday, October 26th, 2013

Will Your Home Value be Affected? Insurance Surge will wash away home value.  In an effort to shore up the National Flood Insurance Program, Congress rewrote the law last year.  Now the bill is coming due: many homeowners will see a huge increase in premiums.  As a result, properties requiring flood insurance are seeing this insurance […]

What Does The Government Shutdown Mean For Real Estate?

Wednesday, October 9th, 2013

With the shutdown, some federal housing and mortgage programs have been suspended or slowed until funding is restored. At this point, the effects are minimal for the majority of real estate deals, but some types of transactions will be significantly impacted. Here’s a quick rundown: Mortgage Rates – With the shutdown and declining consumer confidence, […]

Ox Bottom Price Reduction and Sale Price Trends

Monday, October 7th, 2013

Ox Bottom Price Reductions have shrunk One statistic used to gauge the strength of the real estate market is the list price to sale price ratio. The thinking goes that the closer the ratio is to 100% – sales prices matching list prices – the stronger pricing power a seller has. But this can be […]