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Archive for September, 2012

Home Prices Rebound to 2003 Levels

Wednesday, September 26th, 2012

The following Report came to me through one of my media sources (RISMedia) and is quoted below in its entirety.  This positive trend does match what we are seeing on the ground here in Pickens County and throughout North Georgia.   In Bent Tree, Big Canoe and Jasper we are seeing lots of sellers who have been sitting on the sidelines bring their property back to the market and we have a steady increase of traffic on the buyer side.  Here is the article on the national market.

Home Prices Rebound

Home Prices Rebound Nationally

[1]More great market news came through yesterday: According to S&P/Case-Shiller, in July, the average home price rose to the same level as those seen during summer 2003, when the housing boom first started its journey toward the 2006 peak. While this may not signify that we are currently standing on the cusp of a market boom, it does show a significant turnaround, and perhaps hints at a definite end to real estate’s bleak streak.

The recent S&P/Case-Shiller national home price index showed that in July, prices increased by 1.5 percent for the 10-City Composite and by 1.6 percent for the 20-City Composite.

This improvement marks the third straight month that prices rose in all 20 major markets followed by the index—which covers more than 80 percent of the U.S. housing market. Additionally, numbers show that if not for a .06 decline in Detroit in April, there would have been a four month improvement streak.

When compared to a year earlier, the index proved to be up 1.2 percent, an improvement from the year-over-year change reported for June. This marked the first month that prices were higher than they were the previous year.

“The news on home prices in this report confirm recent good news about housing,” said David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, in a recent release.

“Single family housing starts are well ahead of last year’s pace, existing home sales are up, the inventory of homes for sale is down and foreclosure activity is slowing. All in all, we are more optimistic about housing. Upbeat trends continue. For the third time in a row, all 20 cities and both Composites had monthly gains. Stronger housing numbers are a positive factor for other measures including consumer confidence.”

Real estate professionals located outside of the top metros are seeing movement inside their markets, too.

“We’ve been seeing a strengthening market for some time now but August sales are evidence of a major turning point,” says Jamie Moore, president of the Rhode Island Association of REALTORS®. “We may still experience a step or two backward in the months ahead but the forward momentum has clearly become more evident. The market is much stronger than it has been.”

And Dorothy Martwick, Broker/Owner of Century 21 Action REALTORS® in Minot, N.D., comments on her unique market, which never saw much of a real estate recession due to the oil boom in western N.D. and their proximity to the Minot Air Force Base.

“My opinion of the future of real estate here in Western N.D. is that the market will level off and stabilize in the near future and, depending on the national election results and the oil pipeline, capabilities may either stay level or boom again next year and for the next several years. “

“Overall, we’re thrilled to see hard evidence that the market is recovering. Great pricing and low interest rates have really helped turn things around,” says Rhode Island’s Moore.

To view the complete home price index, click here [2].

Posted By susanne On September 25, 2012 @ 3:44 pm In Business Outlook,Finance and Economy,Real Estate Information,Real Estate News,Real Estate Trends,Today’s Marketplace,Today’s Top Story |

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See ya ’round the mountains,

Don

David Brothers Trio in Casual Classics Concert Tonight

Tuesday, September 18th, 2012
David Trio Performs for the Casual Classics

The David Trio Live “In Concert” at the Casual Classic Concert in Jasper, GA

The 7th Annual Casual Classics Concert Series kicks off tonight at 7:00 PM.  at the New Lebanon Presbyterian Church on Bent Tree Drive ( about 1/3 mile North of Cove Rd.)
Admission is Free and this will be an outstanding Jazz performance by  The David Brothers Trio who will perform a program of traditional piano jazz and give us an opportunity to stretch our ears with some more contemporary sounds.  They are getting rave reviews for their concerts.   Here is a link to the review from their performance at North Georgia State College and University earlier this year: David Brothers Trio
We hope to see you at the concert.
See ya ’round the mountains,
Don

Van Gogh Comes to Jasper

Thursday, September 6th, 2012
Vincent van Gogh comes to Jasper

World Famous Artist “Almost Live” on Stage in Jasper

The Tater Patch Players will bring the Blue Ridge Community Theater production of Leonard Nimoy’s VINCENT to Jasper September 14th through the 16th.   You won’t want to miss this great performance.  Tickets and additional information at Tater Patch Players.

See ya ’round the mountains,

Don