Latest Housing Prices (Tampa, Tallahassee, Sarasota: real estate, rent, lease)

[Jammie]

http://money.cnn.com/2007/02/15/real...s_q4/index.htm

This was the lastest release of home prices for the last quarter of 2006. The article lists 149 housing markets. Some of them increased, but many decreased and I was surprised to see one area of Fla. had decreased by 18%.

[gypsychic]

Originally Posted by Jammie

http://money.cnn.com/2007/02/15/real...s_q4/index.htm

This was the lastest release of home prices for the last quarter of 2006. The article lists 149 housing markets. Some of them increased, but many decreased and I was surprised to see one area of Fla. had decreased by 18%.

Yes, that is because that market had INFLATED almost 40% in the last couple years. They really need to come down a lot more, there have been many articles about Sarasota/Bradenton being "overvalued.

[Jammie]

You're right and that's one of the things the article leaves out. The other evening I was looking at pics on City Data and noticed some of the info is updated. There'd be times an average house in Fla. was listed at 90,000 in 2000 and then they had the 2005 price there. It was nearly double in a lot of places. So in reality, the houses in some areas may drop another 40%. Which is wonderful for most of us, but I still feel awful for the people who bought when real estate was so high. They may be trying to leave Fla. or at least leave the city they currently live in and there's just no way out for them. It may take a few years until prices go back to what they were in 2005.

[DeLaSalle]

Originally Posted by Jammie

http://money.cnn.com/2007/02/15/real...s_q4/index.htm

This was the lastest release of home prices for the last quarter of 2006. The article lists 149 housing markets. Some of them increased, but many decreased and I was surprised to see one area of Fla. had decreased by 18%.

Thanks for posting! (Reading it now)

[FL_TN_Nana]

It seems like the prices are still going down. In one development near me, where houses are all approximately the same size, etc., I noticed where one was listed for $259k. It sold for $215. Of course circumstances also factor into how much a person is willing to take for the house. But I would imagine the same house would have sold for even more than the 259 two years ago.

[DeLaSalle]

Seems like:
Tallahassee
Tampa
Ocala
Did ok!