Saw this on Good Morning America this morning... too cool! Compliments of North Carolina's Campbell University PGA Golf Management Senior Class....
Nine Putts into One Hole
Saturday, February 16, 2013
Thursday, September 20, 2012
Wednesday, August 29, 2012
Haywood County Residential Sales Report for March thru August 2012
Here is our latest market report showing what's selling in different price ranges in Haywood County, NC, which includes Waynesville, Maggie Valley, Lake Junaluska, Clyde and Canton. Our list price to sale price ratio is almost 92%!
Posted via email from The Beautiful Smoky Mountains of Western North Carolina: A Wonderful Place to Live, Work & Play!
Eye on Housing: Home Prices Continue Positive Trend
Good News!!! It's the right time to buy a get-away cabin in the Western NC mountains... Prices are great and so are the interest rates!
The Case-Shiller indexes of home prices increased again when compared to the previous month or the previous year. Both the 10-city and 20-city seasonally-adjusted (SA) indexes rose 1% and 0.9% respectively from May to June 2012. This is the fifth straight month for steady increases in the SA indexes. Since January, the 10-city and 20-city indexes have risen 3.5% and 3.6% respectively. All but two metro areas also showed positive SA May to June changes.... continue reading at http://eyeonhousing.wordpress.com/2012/08/28/home-prices-continue-positive-trend/#
Posted via email from The Beautiful Smoky Mountains of Western North Carolina: A Wonderful Place to Live, Work & Play!
Wednesday, August 22, 2012
Attractive and Private Home at Lake Junaluska!
Attractive and Private Home at Lake Junaluska!
$179,000 | 3 BEDROOMS | 3 BATHROOMS (3 full) | 1376 Square Feet
Attractive private getaway or year-round home nestled in the trees at Lake Junaluska. Spacious open rooms, cute kitchen w/ Corian countertops, plenty of storage, 10` x 27` south-facing screened porch w/ slate floors, workshop in basement. Heat pump approx. 4 yrs old, roof about 8 yrs old. Free-standing cast iron stove in basement can be moved to stone hearth in LR. Enjoy all the amenities of Lake J, Waynesville, Maggie Valley. Minutes from I-40.
Posted via email from The Beautiful Smoky Mountains of Western North Carolina: A Wonderful Place to Live, Work & Play!
Attractive and Private Home at Lake Junaluska!
Attractive and Private Home at Lake Junaluska!
$179,000 | 3 BEDROOMS | 3 BATHROOMS (3 full) | 1376 Square Feet
Attractive private getaway or year-round home nestled in the trees at Lake Junaluska. Spacious open rooms, cute kitchen w/ Corian countertops, plenty of storage, 10` x 27` south-facing screened porch w/ slate floors, workshop in basement. Heat pump approx. 4 yrs old, roof about 8 yrs old. Free-standing cast iron stove in basement can be moved to stone hearth in LR. Enjoy all the amenities of Lake J, Waynesville, Maggie Valley. Minutes from I-40.
Posted via email from The Beautiful Smoky Mountains of Western North Carolina: A Wonderful Place to Live, Work & Play!
Monday, August 13, 2012
4 Strong Reasons to Buy a Home Now !
“It’s hard to argue against buying a house now, assuming you can get a loan,” writes John Waggoner, a columnist with USA Today. Sure, Waggoner says that getting a credit check for approval of a mortgage can be a “only slightly less intrusive than a CIA background check,” but for those who are able to qualify, a lot of analysts say that now can be a good time to purchase a home.
1. The price is right. The median single-family home price hit its lowest in more than a decade when it reached $154,600 in January, according to the National Association of REALTORS®. That was the lowest since October 2001. During the height of the housing market in July 2006, the median home price for a single-family home was $230,900.
2. It’s cheaper to buy than rent. In nearly every major metro market, it is cheaper to buy a home than rent. Rents have been on the rise the last few years and are predicted to continue to rise. Meanwhile, home affordability is at record highs, which means that buying a home is more within reach to the median income family.
3. Inventories of for-sale homes are shrinking. Ned Davis Research estimates that excess inventories of homes to be eliminated by the end of next year. “When excess supply dries up, people start building more new houses, which has the virtuous effect of reducing the unemployment rate and increasing the economy generally,” according to the USA Today article.
4. Mortgage rates are at record lows. Mortgage rates have hovered near record lows for weeks, which has helped pushing housing affordability higher. For example, the average 30-year fixed-rate mortgage, which is the most popular among home buyers, is 3.59 percent, according to Freddie Mac—just above its record low set on July 26 of 3.49 percent average. “It’s conceivable that at some point in the next 30 years, your interest rate would be less than the rate of inflation,” writes Waggoner for USA Today.
Source: “If You Can Pull it Off, a House is a Smart Investment,” USA Today (Aug. 9, 2012)
It really is a GREAT time to buy!!!
Posted via email from The Beautiful Smoky Mountains of Western North Carolina: A Wonderful Place to Live, Work & Play!
4 Strong Reasons to Buy a Home Now !
“It’s hard to argue against buying a house now, assuming you can get a loan,” writes John Waggoner, a columnist with USA Today. Sure, Waggoner says that getting a credit check for approval of a mortgage can be a “only slightly less intrusive than a CIA background check,” but for those who are able to qualify, a lot of analysts say that now can be a good time to purchase a home.
1. The price is right. The median single-family home price hit its lowest in more than a decade when it reached $154,600 in January, according to the National Association of REALTORS®. That was the lowest since October 2001. During the height of the housing market in July 2006, the median home price for a single-family home was $230,900.
2. It’s cheaper to buy than rent. In nearly every major metro market, it is cheaper to buy a home than rent. Rents have been on the rise the last few years and are predicted to continue to rise. Meanwhile, home affordability is at record highs, which means that buying a home is more within reach to the median income family.
3. Inventories of for-sale homes are shrinking. Ned Davis Research estimates that excess inventories of homes to be eliminated by the end of next year. “When excess supply dries up, people start building more new houses, which has the virtuous effect of reducing the unemployment rate and increasing the economy generally,” according to the USA Today article.
4. Mortgage rates are at record lows. Mortgage rates have hovered near record lows for weeks, which has helped pushing housing affordability higher. For example, the average 30-year fixed-rate mortgage, which is the most popular among home buyers, is 3.59 percent, according to Freddie Mac—just above its record low set on July 26 of 3.49 percent average. “It’s conceivable that at some point in the next 30 years, your interest rate would be less than the rate of inflation,” writes Waggoner for USA Today.
Source: “If You Can Pull it Off, a House is a Smart Investment,” USA Today (Aug. 9, 2012)
It really is a GREAT time to buy!!!
Posted via email from The Beautiful Smoky Mountains of Western North Carolina: A Wonderful Place to Live, Work & Play!
Saturday, August 11, 2012
August Economic and Housing Market Outlook: A Shrinking Shadow? | RISMedia
Freddie Mac recently released its U.S. Economic and Housing Market Outlook for August showing why the so-called shadow inventory might not be as foreboding as many thought; this is attributed to the rate at which excess housing is being absorbed.
The Freddie Mac House Price Index for the U.S. showed a 4.8 percent gain from March to June 2012, the largest quarterly pickup in eight years; the national index posted a June-to-June rise of 1 percent, the largest annual appreciation since November 2006.
Rental vacancy rates have fallen to 8.6 percent, the lowest since the second quarter of 2002. The for-sale vacancy rate has dipped to 2.1 percent, the least since the second quarter of 2006.
Nationally, the for-rent market now appears to be in relatively good balance, with the rental stock close to overall rental demand, resulting in “normal” vacancy levels.
This continuing shrinkage in excess vacant stock is important because it means that in most markets the REO homes on the for-sale market are not competing with an oversized vacant housing inventory.
Even if national indexes dip in the seasonally weak autumn and winter months, the declines probably won’t be big enough to erase the good second-quarter news on home values.
Watch a short preview video and download the complete August 2012 U.S. Economic and Housing Market Outlook [PDF]. Freddie Mac compiles data on major economic and housing and mortgage market indicators and offers forecasts based on those indicators.
“While the shadow inventory persists, there is an important difference in today’s market compared with those of recent years and that’s the substantially reduced amount of excess vacant housing,” says Frank Nothaft, Freddie Mac, vice president and chief economist. “The housing recovery may finally be coming out from the shadows.”
For more information, visit www.FreddieMac.com.
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Categories: Consumer News and Advice, Home Owner News, Real Estate Information, Real Estate News, Real Estate Trends, Today's Top Story, Today's Top Story - ConsumerCopyright© 2012 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
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Posted via email from The Beautiful Smoky Mountains of Western North Carolina: A Wonderful Place to Live, Work & Play!
Wednesday, July 11, 2012
Cute 3/2 Privately Nestled in the Trees at Lake Junaluska!
Cute 3/2 Privately Nestled in the Trees at Lake Junaluska!
Attractive private getaway or year-round home nestled in the trees at Lake Junaluska. Spacious open rooms, cute kitchen w/ Corian countertops, plenty of storage, 10` x 27` south-facing screened porch w/ slate floors, workshop in basement. Easy access to main level with no stairs in back near kitchen. Heat pump approx. 4 yrs old, roof about 8 yrs old. Free-standing cast iron stove in basement can be moved to stone hearth in LR. Enjoy all the amenities of Lake J, Waynesville, Maggie Valley. Minutes from I-40.
Property Photos
See all 23 large pictures in the photos gallery
Location
520 Sleepy Hollow Dr
Lake Junaluska, NC 28785
Posted via email from The Beautiful Smoky Mountains of Western North Carolina: A Wonderful Place to Live, Work & Play!
Thursday, December 29, 2011
Pending Home Sales Rise Again | Realtor Magazine
Pending home sales continued to gain in November and reached the highest level in 19 months, according to the National Association of REALTORS®.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 7.3 percent to 100.1 in November from an upwardly revised 93.3 in October and is 5.9 percent above November 2010 when it stood at 94.5. The October upward revision resulted in a 10.4 percent monthly gain.
The last time the index was higher was in April 2010 when it reached 111.5 as buyers rushed to beat the deadline for the home buyer tax credit. The data reflects contracts but not closings.
Lawrence Yun, NAR chief economist, said the gains may result partially from delayed transactions. “Housing affordability conditions are at a record high and there is a pent-up demand from buyers who’ve been on the sidelines, but contract failures have been running unusually high,” he said. “Some of the increase in pending home sales appears to be from buyers recommitting after an initial contract ran into problems, often with the mortgage.
“November is doing reasonably well in comparison with the past year. The sustained rise in contract activity suggests that closed existing-home sales, which are the important final economic impact figures, should continue to improve in the months ahead,” Yun added.
Pending home sales are not affected by the recently published rebenchmarking of existing-home sales because the index uses a different methodology based directly on contract signings, and is adjusted for seasonality.
The PHSI in the Northeast rose 8.1 percent to 77.1 in November but is 0.3 percent below November 2010. In the Midwest the index increased 3.3 percent to 91.6 in November and is 9.5 percent above a year ago. Pending home sales in the South rose 4.3 percent in November to an index of 103.8 and remain 8.7 percent above November 2010. In the West the index surged 14.9 percent to 121.2 in November and is 2.9 percent higher than a year ago.
Source: NAR
Great news!!!! I do think it's happening here in Haywood County and the Western NC mountains, too :)
Posted via email from The Beautiful Smoky Mountains of Western North Carolina: A Wonderful Place to Live, Work & Play!
Tuesday, December 27, 2011
Some Good Signs for the Real Estate Market | Realtor Magazine
Sales ticked up for existing homes and new homes, several real estate market indicators revealed last week, pointing to a housing market that may finally be entering recovery mode.
In the most recent report, the Census Bureau reported that the new-home market continued its rebound, with sales of new houses once again inching up last month. New-home sales rose 1.6 percent from October to November to an annualized rate of 315,000, and sales were up nearly 10 percent compared to November 2010.
The median sales price of a new home in November was $214,100, the Census Bureau reported, and the inventory of new houses nationwide decreased to a six-month supply at the current sales pace.
"Inventories of new homes are very low: There's nothing on the shelf, so any increase in new home sales will translate directly into new housing starts," Bob Denk, senior economist at the National Association of Home Builders, told CNNMoney. "That means putting people back to work."
Other recent good news for the housing market: November sales of existing homes increased 12 percent year-over-year, new-home building starts were up nearly 21 percent year-over-year, and mortgage rates reached new record lows last week, pushing housing affordability even higher.
Source: “New Home Sales Edge Up,” CNNMoney (Dec. 23, 2011)
Read More
Existing-Home Sales Continue to Climb in November
Posted via email from The Beautiful Smoky Mountains of Western North Carolina: A Wonderful Place to Live, Work & Play!
Some Good Signs for the Real Estate Market | Realtor Magazine
Sales ticked up for existing homes and new homes, several real estate market indicators revealed last week, pointing to a housing market that may finally be entering recovery mode.
In the most recent report, the Census Bureau reported that the new-home market continued its rebound, with sales of new houses once again inching up last month. New-home sales rose 1.6 percent from October to November to an annualized rate of 315,000, and sales were up nearly 10 percent compared to November 2010.
The median sales price of a new home in November was $214,100, the Census Bureau reported, and the inventory of new houses nationwide decreased to a six-month supply at the current sales pace.
"Inventories of new homes are very low: There's nothing on the shelf, so any increase in new home sales will translate directly into new housing starts," Bob Denk, senior economist at the National Association of Home Builders, told CNNMoney. "That means putting people back to work."
Other recent good news for the housing market: November sales of existing homes increased 12 percent year-over-year, new-home building starts were up nearly 21 percent year-over-year, and mortgage rates reached new record lows last week, pushing housing affordability even higher.
Source: “New Home Sales Edge Up,” CNNMoney (Dec. 23, 2011)
Read More
Existing-Home Sales Continue to Climb in November
Posted via email from The Beautiful Smoky Mountains of Western North Carolina: A Wonderful Place to Live, Work & Play!
Thursday, November 17, 2011
Housing Picture Expected to Brighten in 2012 | Realtor Magazine
Better times are ahead for the real estate market in the new year, according to several forecasts and recent surveys.
Fiserv, a financial information services firm, predicts that 95 percent of the 384 metro areas it tracks will see prices rise in 2012.
Many surveys and economists are forecasting a very modest increase for the housing market in the new year, but after several years of dropping prices and rising foreclosures, even the slightest increase would signal a glimmer of hope for the market. In a survey by MacroMarkets of 100 economists and real estate professionals, respondents reported home values will likely rise slightly at 0.25 percent in the new year.
The real estate market still faces a large backlog of foreclosures that it must work through in many markets. As such, price gains through 2015 will likely just be around 1.1 percent, according to the survey. However, this is a reversal after a forecast of 2.8 percent decline in median home values for this year.
Foreclosures continue to weigh on many markets and are preventing home values from stabilizing, economists say.
"The water is very deep in the living room, but it's no longer getting deeper and is starting to recede,” says Mark Fleming, CoreLogic's chief economist.
Low interest rates on mortgages mixed with more affordable housing for families in the median income range are expected help the market in its rebound in 2012, economists say.
Source: “A Smaller House Will Make a Big Difference,” Money Magazine (Nov. 14, 2011)
Posted via email from The Beautiful Smoky Mountains of Western North Carolina: A Wonderful Place to Live, Work & Play!
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