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Author Archives: Mark Trafton

Most Folks Agree that Real Estate is the Number One Investment

  The illustration above says it all.  Most folks believe that Real Estate is the best investment…..we concur.

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Sellers Face a Hurdle

–This chart is self explanatory and should get everyone’s attention. –These are real numbers from our MLS.  In May of 2014, we had an inventory of 1,751 detached single family homes in Leon County vs only 230 sales. –While we … Continue reading

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Home Sales Report

Here’s the latest from the National Association of Realtors    

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Harvard: 5 Reasons to Buy a Home

Eric Belsky is Managing Director of the Joint Center of Housing Studies at Harvard University. He also currently serves on the editorial board of the Journal of Housing Research and Housing Policy Debate. Last year he released a paper on homeownership - The … Continue reading

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Distressed Sales, The Numbers Are Distressing

  While most of our market metrics have been positive lately, there’s one that has not been good.  As you can see above, the number of distressed sales have remained at very high levels for the past several years.  Distressed … Continue reading

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Homes are Selling Quicker

As you can see, homes are selling quicker.  The average days on market for a home sold in Leon County is at its lowest in 6 years and is down 10 percent from the same time period in 2013.  So … Continue reading

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Median Price in Tallahassee is Also UP

  In the previous post, we explained how the number of sales are up.  There’s more good news:  Our median price is also up.  You’ll notice from the graph above that our median price is up 2.4% from the same … Continue reading

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First Quarter Sales are UP

We recently compared sales figures for the first quarter in each of the previous 7 years. First quarter sales in Tallahassee are Up!  Detached single family homes sold in Leon County are up 4.8% from last year and are at … Continue reading

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Vacation Home Sales Surge

The American desire to own a second home as a vacation home is alive and well! The National Association of Realtors analysis of U.S. Census Bureau data shows there are approximately 8 million vacation homes in the U.S. Their 2014 Investment … Continue reading

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Homeownership: A Great Way to Build Wealth

  Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to … Continue reading

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