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Tallahassee, FL Real Estate News

By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Reader feedback is the heart and soul of the Tallahassee Real Estate Blog, and today we’ll focus on a lengthy reply to perhaps the most trafficked real estate blog that we have posted in over a year. A little more than a month ago, I wrote an analogy of the current real estate market entitled “Real Estate and Lemonade” and we have seen over four thousand visitors to this article thus far. Recently, reader “Lopez” wrote a long comment to “Real Estate and Lemonade” which can be viewed by clicking on the link and then scrolling to the bottom of the page. Rather than list the comment in its entirety, I have copied a few clips and provided my thoughts. Respectfully, I think Sr. Lopez and I operate off of two very different sets of beliefs. So, by the numbers, let’s see where we agree and dis...
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By John Stehmeyer
(Pro Players Realty)
At Pro Players Realty, we're taking Tallahassee Real Estate to a whole new level. Our Tallahassee Realtors analyze multiple strategies to help our clients find the most advantageous solutions that benefit all parties involved. We have an extensive list of Tallahassee homes for sale. Let us find that Tallahassee Property that's right for you. We're located in the City of Tallahassee.  Please visit our Tallahassee Real Estate website for more information and access to free MLS Search. Or call us today at (850) 942 - 7653. ***Buy now and receive a FREE home warranty or home inspection valued up to $450*** John Stehmeyer - Tallahassee Realty  
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By John Stehmeyer
(Riverking Custom Painting)
Tallahassee Pressure Cleaning, Painting, & Building Maintenance RiverKingPainting.com   Tallahassee Pressure Cleaning Services, RiverKingPainting.com RiverKing Custom Painting, RiverKingPainting.com Tallahassee pressure cleaning, soft washing, window cleaning RiverKingPainting.com Tallahassee decks, driveways, walkways, houses, soft washing roofs by RiverKingPainting.com Tallahassee Paint Contractor RiverKingPainting.com Tallahassee Commercial Painting Contractor RiverKingPainting.com Tallahassee Residential Painting Contractor RiverKingPainting.com Tallahassee Paint Store RiverKingPainting.com Tallahassee wallpaper removal & installation, custom trim installation, remodeling RiverKingPainting.com Tallahassee wood & drywall repairs, fire & water restoration, wood sealing, garage floors ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
We’ve been watching the lis pendens filings stack up for quite some time, knowing that foreclosures would eventually have to follow. It appears that the time is upon us. Banks now seem to be making the decision to follow through on the foreclosures that were previously just being shelved. Tallahassee Year Over Year Foreclosures On The Rise There were 56 foreclosures in Tallahassee that were posted during the month of August, which is up 273% compared to the 15 that were closed in August of 2008. To get an idea of what Tallahassee foreclosure activity looks like in a real estate graph, the blue field below shows it quite clearly. Additionally, Tallahassee lis pendens filings were up 21% with 160 lis pendens filed in August compared to the 132 that were filed in August of 2008. Just as a ...
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By John Stehmeyer
(Riverking Custom Painting)
Better Homes & Gardens Wire for Sound A weatherproof outdoor sound system is a soothing finishing touch for any deck.   Furnish and Forget It Consider all of your furniture options: hardy wood such as teak, aluminum, steel, and recycled plastics. An outdoor rug completes the scene.   Spring for Upgrades Replace wooden rail spindles with wrought-iron ones and the deck boards with rot-resistant composite planks.   Make a Splash Dedicate a corner or add on to the deck to accommodate a hot tub.   Polish the Edges Add skirt boards or trellis material around your deck perimeter between its surface and the ground. This lends a finished look to the project and can let the space below the deck serve as handy storage.
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Last week, I reported that we had seen an uptick in the daily homes sales in the Tallahassee MLS, and we had seen a significant 5 week uptick in the pending sales in the Tallahassee MLS, so I was anxiously awaiting the sales data to see how we did in August versus 1 year ago. If you have followed the Tallahassee Real Estate Blog for any period of time, then you know that we consider this the next major move in the market, year over year home sales improving. Unfortunately, August will not be the first month to show improvement, rather it will be the 38th consecutive month of declining year over year home sales in the Tallahassee housing market. Year Over Year Home Sales Decline For 38th Consecutive Month In the real estate graph below, each month is shown as a percentage change compared...
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By Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
( Social Media - Infinity Home Mortgage Company, Inc)
    FHA Loans – FHA Mortgages Non Occupanying Co-Borrower loans - Kiddie Condo loans       FHA loans have many features that still aren't talked about as much as one would think, because they are still fairly new to more than have of the loan originators out there. Now, some might argue half is very extreme, even though this is my opinion, I will still stick to this statement for many reasons. As a loan officer with more than 17 years of mortgage experience, the non-occupant co-borrower program is very simple to understand. FHA will allow a co-signer that is not living in the house to actually be on the mortgage and co-sign for the loan. Keep one important thing in mind, they must be a family member/relative. And this can be great for first time homebuyers. One thing that so many get co...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  It is hard to believe today is the 8th anniversary of 9-11. I can vividly remember that day, as those of us in the office gathered around a tv set and watched in horror as the terrorists guided the aircraft into key targets in the Northeast. These tragic events marked the end of an era for our Country, and the beginning to the war on Terror. I have many classmates still fighting this fight, and I thank them and all of our Women and Men in uniform. Some are in Iraq, others in Afghanistan, and others in places that we are not even aware that U.S. forces are committed. My thoughts are with them and I want them to know that I have not forgotten. Tallahassee Real Estate Remembers 9-11  
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  Yesterday, I received an insightful question regarding the shadow inventory of homes in Tallahassee from a reader “Garrett” who asked: I’d like to hear your thoughts as to whether there is a substantial “shadow inventory” of homes in Tallahassee at the moment? By shadow inventory I mean housing units that are not making it onto the public market for one reason or another. Many of these may be REO units that banks are currently unwilling to put on the market as they will have to accept a write-down. There may also be a substantial number of homeowners who have simply decided to pull homes off the market waiting for conditions to improve. As to the former question, I’m wondering if it’s possible to compare the reported number of homes entering foreclosure, versus the overall numbers of ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  One of the neat things about blogging and internet marketing is that we can monitor the origination point for each visitor to our Tallahassee Real Estate Blog. It might surprise you to know that we have had visitors from over 160 different countries and visits from every State in the Union. When you think about how small the world has become with the immediacy of news and reporting, you realize the importance of having an international presence, even for selling homes in Tallahassee. We have had buyers that have come from overseas and we are glad that we can get our message out to them. One of the neat widgets that we have in the right sidebar of the Tallahassee Real Estate Blog shows where current visitors have come from.  If you scroll down the screen when viewing the blog, you will...
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By John Stehmeyer
(Riverking Custom Painting)
Tallahassee Interior Design Services Tallahassee Interior Designers RiverKingPainting.com Pick your best Tallahassee colors & textures at RiverKingPainting.com Want to spice up your Tallahassee office & improve morale? RiverKingPainting.com Make your Tallahassee friends green with envy! RiverKingPainting.com Tallahassee Paint Contractor RiverKingPainting.com Tallahassee Commercial Painting Contractor RiverKingPainting.com Tallahassee Residential Painting Contractor RiverKingPainting.com Tallahassee Paint Store RiverKingPainting.com Tallahassee exterior design & improvements RiverKingPainting.com Tallahassee custom trim installation RiverKIngPainting.com Tallahassee decorative moldings RiverKingPainting.com Tallahassee office decorating RiverKingPainting.com Tallahassee wallpaper service...
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By John Stehmeyer
(Pro Players Realty)
The material used was originally posted on HGTV #20: Update the Home Office Take care of business with a home office remodel. More and more often people are working out of their houses. It is not just a luxury, but a necessity. Turn an unused den or an old office into an inviting work sanctuary with new windows, a fresh coat of paint and built-in shelving, and you're sure to reap the rewards. Dorman Builders Inc. Website: www.dormanbuilders.com #19: Spring for a Sunroom Anytime you can add square footage and living space to your home, it's a winner. Build a sunroom in the back of the house where you have less tree cover and more privacy. The result? A stunning addition that transforms the entire house. During the day, the room attracts sunlight, and in the evenings, it attracts guests. ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  Every month when we’ve assembled the updated data on Tallahassee home sales, we create the Leon County Home Inventory Report and make it available for download from the Tallahassee Real Estate Web Site. This month brings us good news with the relative supply of homes dropping for the first time since January. As we have discussed often times in the past, we always keep an eye on housing inventories and home sales rates in order to understand the current state of supply and demand in the Tallahassee housing market. When we study housing inventories, we want to know both the absolute home supply as well as the relative home supply. Absolute Home Supply – This is the total number of homes for sale in Tallahassee Relative Home Supply – This is the number of months of supply of homes for s...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
As I was assembling the 12th Edition of the Tallahassee Real Estate Newsletter (which goes out to all subscribers later this morning), I was happy to find that there were good signs showing up in many of my reports. For the past three years, we have been reporting nothing but declining home sales in Tallahassee, but today finally brings a different story. As a little preview for what subscribers will be able to find in the newsletter, the following real estate graph shows home sales activity in the Tallahassee MLS. This data represents the entire MLS, not just the immediate Tallahassee housing market. Even with all of the surrounding counties included in the report, we see good things occurring. Good News Comes In Threes In Tallahassee Real Estate The real estate graph above reports thr...
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By John Stehmeyer
(Riverking Custom Painting)
Tallahassee Pressure Cleaning, Painting, & Building Maintenance RiverKingPainting.com   Tallahassee Pressure Cleaning Services, RiverKingPainting.com RiverKing Custom Painting, RiverKingPainting.com Tallahassee pressure cleaning, soft washing, window cleaning RiverKingPainting.com Tallahassee decks, driveways, walkways, houses, soft washing roofs by RiverKingPainting.com Tallahassee Paint Contractor RiverKingPainting.com Tallahassee Commercial Painting Contractor RiverKingPainting.com Tallahassee Residential Painting Contractor RiverKingPainting.com Tallahassee Paint Store RiverKingPainting.com Tallahassee wallpaper removal & installation, custom trim installation, remodeling RiverKingPainting.com Tallahassee wood & drywall repairs, fire & water restoration, wood sealing, garage floors ...
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By John Stehmeyer
(Riverking Custom Painting)
Grow a Feast If you gave up your garden to build or expand your deck, grow veggies in containers on your deck for an eclectic look and homegrown food for dinner. Start with tomatoes, beans, peas, and carrots. Put the containers on rolling supports so you can move them around easily.   Reach for the Sky Add tall, evenly spaced 4x4 posts around the perimeter of your deck and connect them with tree limbs for a rustic look. Or add glass panels between post gaps to block wind while retaining views.   Bring the Inside Out Extend your living space onto your deck and enjoy easy access by adding double doors. Use furnishings and fixtures to create distinct zones for grilling, dining, and lounging.   Build an Addition A greenhouse or a similar structure can attach to a deck and serve as a wonderf...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  Just a reminder that the 12th edition of the Tallahassee Real Estate Newsletter will ship out on Monday. If you have not signed up for the free subscription, you can do so in the right sidebar of the  Tallahassee Real Estate Blog. Each edition is filled with charts, graphs, and analysis of the Tallahassee real estate market. I have always stressed that reader feedback is critical to guiding the content of the Tallahassee Real Estate Blog. Yesterday, I received a comment from a reader “EPN” that was so great to see, and it also gives notice that a program is available (and underutilized) for some residents in Leon County, Florida. About a month ago, I wrote a blog entitled “Foreclosure Relief Assistance In Leon County,” regarding a new program designed to help people living in certain ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
Oh how I’ve longed to write this article. We have been tracking the daily movements in the Tallahassee real estate market for well over 2 years now, and reporting our findings at The Market Bulletin twice per week since March of 2008. Early on, we discovered that we could track the trend of daily buyer activity (365 days worth of homes sold in Tallahassee) in order to be able to see when the direction of the market changed. Tallahassee Sees Number Of Home Sales Rising The following real estate graph is the unofficial tracking of daily buyer activity in Tallahassee. It is created using information from the Tallahassee Board of REALTORS® Multiple Listing Service (Tallahassee MLS) and looks at all the non-duplicate sales over the past 365 days, and recorded each day. The “official” report...
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By John Stehmeyer
(Riverking Custom Painting)
Better Homes & Gardens Cover Up Add a custom aluminum roof frame with removable clear polycarbonate panels or outdoor fabric. If you don't need protection from rain, install a retractable awning or build a pergola with vines such as wisteria climbing over it.   Wrap Around A railing, gate, or other entry feature can turn your deck into a safe, cozy enclosure. Plus, the railing provides a platform for fitted planters, birdbaths or feeders, or other garden ornaments. Top your railing with a ledge so it can double as a spot to set drinks.   Blend In Comfort Guests and family members alike appreciate places to sit, and built-in benches can be made to look like original parts of the deck. Whether the benches are freestanding or attached, make them blend in by building them from the same mate...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
  So many homeowners have seen the summer market come and go without so much as a low-ball offer on their home. I am getting more email pleas for help than ever right now and most of these are from people who are really hurting and need help. Since this is becoming more of a common theme and is occurring on a daily basis, we decided to video tape a recent appointment with a frustrated homeowner. This is not an unusual response from a homeowner after we discuss recent housing market activity in Tallahassee. I saw this video before and it has been used to parody many different aspects of our current economy and it made me chuckle as well for the real estate market. But the sad reality is that the video accurately reflects part of what we are facing as we try to stabilize the housing marke...
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