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%!
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Eye on Housing: Home Prices Continue Positive Trend
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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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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!
