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Welcome to the Real Estate Test Blog. Orginally, I created this blog just to play around and learn some things to help improve my rankings for my real estate website. Since that time, I've learned some - I've a long way left to go. That's for sure. But, along the way, I've created a handful of real estate blog themes for WordPress and tested some ideas about how to use Google maps, create powerful single property websites and lots of completely above board methods of improving the rankings of my website. Most of what I have learned can be summed up with the very simple idea of building real relationships online the same way we do offline. This website will very shortly become a nice resource for real estate bloggers to learn some basic to intermediate SEO as well hopefully pick up a nice blog theme - they're free! More to come once I have the site ready...
The Case Schiller Index is out for July of 2008 and shows almost a 17% decline in home prices for its 20 city composite survey from the same time in 2007. The Atlanta real estate market shows just over an 8% decline for the same time period. The S&P Case-Schiller Index is widely considered to be the most accurate national home values tracking because of its methods of determining value.
The study picks homes from an area and tracks the sales of the same home through the years and excludes townhomes, condos, new construction and distressed properties.
I believe it. I am amazed at some of these prices. Sarasota home prices really got out of hand. I had a client close on a home recently for $233,000. The same home sold 3 years ago for $450,000. We probably just came back to reality. Prices are rolling back to pre-boom levels. We all would have been better off if these real estate markets just increased a modest 5-10% a year instead of back to back years of 20-30%.
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October 1st, 2008 at 6:48 pm
I believe it. I am amazed at some of these prices. Sarasota home prices really got out of hand. I had a client close on a home recently for $233,000. The same home sold 3 years ago for $450,000. We probably just came back to reality. Prices are rolling back to pre-boom levels. We all would have been better off if these real estate markets just increased a modest 5-10% a year instead of back to back years of 20-30%.