Private Golf Course Community for $510,000!!, Priced to Sell, This home is Low Maintenance, Easy Living, Enjoy the Private Wooded Backyard, beautiful new stone work! Who couldn't use a great deal like this!!! Pass on the great news!!!!
Thursday, September 24, 2009
Thursday, September 17, 2009
Household Wealth Advances by 3.9%
For the first time in nearly two years, American households grew a little wealthier in the second quarter, but they have a long way to go to recover what they've lost in the downturn. WSJ.
For the first time in nearly two years, American households grew a little wealthier in the second quarter, but they have a long way to go to recover what they've lost in the downturn. WSJ.
Friday, September 4, 2009
Should you Rent or Buy????
Rates are great; Home prices are down, and there's an $8,000 tax credit for 1st time Homebuyers !!!!! What should you do - granted there are other things to consider but here's a little formula for you - What's the Price-to-Rent Ratio?? Determine wheather it makes financial sense to buy or rent in your area, compare home sales prices with the cost of renting a similar place. "Divide the price of the home by the total cost of rent for one year. If the result is more than 20, "I'd be very concerned that the price [of the home] might fall more," says Mr. Baker, and you should consider waiting to buy. If it's 15 or below, he says, "you're probably reasonably safe" with prices holding steady or growing".
information provided by: Dean Baker, co-director at the Center for Economic and Policy Research as reported in WSJ.
information provided by: Dean Baker, co-director at the Center for Economic and Policy Research as reported in WSJ.
Friday, August 21, 2009
Home Sales Rise!
What’s News —
Business & FinanceExisting-
Home Sales Rise a Surprising 7.2%
Sales of U.S. existing homes rose to their highest level in nearly two years as cheaper prices and the availability of tax credits continued to entice buyers.
...as reported in today's WSJ
Business & FinanceExisting-
Home Sales Rise a Surprising 7.2%
Sales of U.S. existing homes rose to their highest level in nearly two years as cheaper prices and the availability of tax credits continued to entice buyers.
...as reported in today's WSJ
Tuesday, August 18, 2009
Where might housing prices be headed.
Tuesday, August 11, 2009
Brawley School roadwork
Brawley School Road
Roadwork will also close lanes of Brawley School Road in Mooresville at various times this week:• Between Isle of Pines Road and Poplar Grove Road from 9 a.m. to 3 p.m. and 7 p.m. to 7 a.m. until Wednesday. (roadwork)•
Near Stutts Road from 7 p.m. to 7 a.m. until Friday (storm pipe replacement)• Near Williamson Road (widening project)
According to the NCDOT, the Brawley School Road widening contractor will not be allowed to delay traffic by use of lane closures during the following time periods:
• Monday - Friday 6-9 a.m. and 3-9 p.m. from South Fork Road to Blume Road• Monday - Saturday from 6 a.m. to 9 p.m. from Blume Road to Williamson Road• Monday - Saturday from 6 a.m. to 9 p.m. on Williamson Road
Roadwork will also close lanes of Brawley School Road in Mooresville at various times this week:• Between Isle of Pines Road and Poplar Grove Road from 9 a.m. to 3 p.m. and 7 p.m. to 7 a.m. until Wednesday. (roadwork)•
Near Stutts Road from 7 p.m. to 7 a.m. until Friday (storm pipe replacement)• Near Williamson Road (widening project)
According to the NCDOT, the Brawley School Road widening contractor will not be allowed to delay traffic by use of lane closures during the following time periods:
• Monday - Friday 6-9 a.m. and 3-9 p.m. from South Fork Road to Blume Road• Monday - Saturday from 6 a.m. to 9 p.m. from Blume Road to Williamson Road• Monday - Saturday from 6 a.m. to 9 p.m. on Williamson Road
Saturday, August 8, 2009
Open House 12-3 Aug 9th
Great Home in Family Neighborhood, MLS# 855357 - 123 Meandering Way, walk to Lake Norman Elementary School of Excellence, 4 Bedrooms, 2 and 1/2 baths. Very few homes in this great location!
Friday, August 7, 2009
Wednesday, July 22, 2009
Exit 32 is really Exit 31 and will open Aug 1st
Commuters wondering when the new I-77 interchange in Mt. Mourne will open, or maybe just when the roadwork will end, can mark Aug. 1 on their calendars.
The paving is finished, says N.C. Department of Transportation (NCDOT) engineer John Cook. The only work remaining at the new Langtree Road interchange is shoulder work, railing installation along the bridge, pavement markings and sign placement.
It all should be finished by Aug. 1.
"And when the covers come off those road signs," Cook added, "It might surprise some to learn that the exit mile marker number is actually 31, not 32" as local residents often refer to the future exit.
The paving has also been completed on the widening of I-77 between the future Exit 31 and the existing Exit 33 (Williamson Road), creating a third northbound and southbound lane.
If the sunny weather continues and the final inspection goes well, a $21 million construction project that's been underway for more than two years could be ending in less than two weeks.
Billed as a new gateway into Mooresville for northbound travelers on the interstate, Exit 31 also gives the thousands of Lowe's Companies, Inc. employees a new access to the interstate. Lowe's, headquartered on 300 acres northeast of exit 31, is building a southern entrance to tie into Langtree Road.
That entrance, the third for the Lowe's campus, is not part of the state-funded interchange project. Its completion, expected later this fall, does not affect when Exit 31 opens.
All four quadrants of the new Langtree Road interchange are slated to be part of the $800 million Langtree at the Lake development, which includes a hotel and conference center.
Langtree President Rick Howard says crews are close to breaking ground on the southwest quadrant, which will include office space, an upscale convenience market, a bank and a restaurant.
The paving is finished, says N.C. Department of Transportation (NCDOT) engineer John Cook. The only work remaining at the new Langtree Road interchange is shoulder work, railing installation along the bridge, pavement markings and sign placement.
It all should be finished by Aug. 1.
"And when the covers come off those road signs," Cook added, "It might surprise some to learn that the exit mile marker number is actually 31, not 32" as local residents often refer to the future exit.
The paving has also been completed on the widening of I-77 between the future Exit 31 and the existing Exit 33 (Williamson Road), creating a third northbound and southbound lane.
If the sunny weather continues and the final inspection goes well, a $21 million construction project that's been underway for more than two years could be ending in less than two weeks.
Billed as a new gateway into Mooresville for northbound travelers on the interstate, Exit 31 also gives the thousands of Lowe's Companies, Inc. employees a new access to the interstate. Lowe's, headquartered on 300 acres northeast of exit 31, is building a southern entrance to tie into Langtree Road.
That entrance, the third for the Lowe's campus, is not part of the state-funded interchange project. Its completion, expected later this fall, does not affect when Exit 31 opens.
All four quadrants of the new Langtree Road interchange are slated to be part of the $800 million Langtree at the Lake development, which includes a hotel and conference center.
Langtree President Rick Howard says crews are close to breaking ground on the southwest quadrant, which will include office space, an upscale convenience market, a bank and a restaurant.
Wednesday, July 1, 2009
The Point Lake & Golf Club Sold through June 30 2009
Out of the 15 homes that closed so far this year, 5 were new homes, 5 were distressed or short sales, and 5 were normal resales. Surprising that this is exactly the same number of closings as last year at this time, compare that to the bubble period, the first half of 2007 we saw 44 homes sold 2006 it was 45, 2005 = 41; 2004 = 34; 2003 was 20, 2002 = 19, 2001 =19 So it looks like activity is back at levels that reflect more normal lending times such as 2002. It's interesting to look at pricing levels as the last sale at 112 Old Post was in 2003 at 585k, a sale at 137 Great point in 2003 was at 1,075m, 111 Stonewall sold in November 2002 for 883k, compare those prices to what they sold recently.
Tuesday, June 30, 2009
Price your House right!!!!
Here's a comment from the great Wall Street Analyst David Rosenberg
"Not only is it extremely unlikely that we have seen the bottom in home prices until the unsold housing inventory drifts comfortably below 8 months’ supply, but the potential downside from here could easily be another 15% since that sort of decline would bring the Case-Shiller index back to its pre-bubble range in ‘real’ inflation-adjusted terms. (Home prices may well be all the way back to April 2003 levels but the mania in which home prices began to outstrip inflation by 10% or more started in 2000 so there is still, in my estimation, three years worth of bubble activity that has to come out of the system.) Green shoot advocates would undoubtedly point to the fact that this would suggest that we are now two-thirds through this real estate deflation cycle but not likely point out that the last third leg down will drain a further $3 trillion out of household net worth, with a commensurate $200 billion (or 2.0%) hit to consumer spending via the impact on the personal savings rate. "
If you want to sell your house; price it right, stop dreaming about top dollar, you missed it. It's value is less than last year and is probably closer to a 2004 price, thats what we see in our neighborhood.
"Not only is it extremely unlikely that we have seen the bottom in home prices until the unsold housing inventory drifts comfortably below 8 months’ supply, but the potential downside from here could easily be another 15% since that sort of decline would bring the Case-Shiller index back to its pre-bubble range in ‘real’ inflation-adjusted terms. (Home prices may well be all the way back to April 2003 levels but the mania in which home prices began to outstrip inflation by 10% or more started in 2000 so there is still, in my estimation, three years worth of bubble activity that has to come out of the system.) Green shoot advocates would undoubtedly point to the fact that this would suggest that we are now two-thirds through this real estate deflation cycle but not likely point out that the last third leg down will drain a further $3 trillion out of household net worth, with a commensurate $200 billion (or 2.0%) hit to consumer spending via the impact on the personal savings rate. "
If you want to sell your house; price it right, stop dreaming about top dollar, you missed it. It's value is less than last year and is probably closer to a 2004 price, thats what we see in our neighborhood.
Thursday, June 4, 2009
Road work to close parts of I-77, Brawley School Road
The southbound lane of Interstate 77 from mile markers 33 to 30 will be closed tonight as a contractor works on paving the left lane.
The N.C. Department of Transportation expects the lane to reopen Thursday at 6 a.m.
Brawley School Road will close one lane between Chuckwood and Southfork roads on Thursday and Friday from 9 a.m. to 3 p.m. One lane of Brawley School Road will be closed on Saturday from 9 a.m. to 3 p.m. near McKendree Road.
The N.C. Department of Transportation expects the lane to reopen Thursday at 6 a.m.
Brawley School Road will close one lane between Chuckwood and Southfork roads on Thursday and Friday from 9 a.m. to 3 p.m. One lane of Brawley School Road will be closed on Saturday from 9 a.m. to 3 p.m. near McKendree Road.
Wednesday, May 20, 2009
Widening of Brawley Highlights
Project Highlights
Sidewalks will be built on both sides.
Sharp curves along Brawley School Road will be improved.
The median will prohibit left turns into and out of individual properties along the project. Motorists will be prohibited from making left turns into and out of some of the intersecting roads with Brawley School Road. At these roads, motorists will be required to turn right onto Brawley School Road and proceed to the next intersection where they will be permitted to make a left turn with an allowable U-turn.
Traffic counts on Brawley School Road range from 7,800 to 31,900. Traffic counts are expected to reach 9,200 to 44,700 by 2030.
Two sections of Brawley School Road will be widened. Construction on the first section began the week of November 3, 2008. This 3.8-mile section is from south of Southfork Road to east of Williamson Road. Construction on the next section is anticipated to begin in Spring 2009. This section will be widened from Williamson Road to Talbert Road.
Lane closure restrictions are as follows:
Monday through Friday from 6 a.m. to 9 a.m. and 3 p.m. to 7 p.m. on Brawley School Road from South Fork Road to Blume Road
Monday through Saturday from 7 a.m. to 7 p.m. on Brawley School Road from Blume Road to Williamson Road
Monday through Saturday from 7 a.m. to 7 p.m. on Williamson Road
Completion Date: Summer of 2011
Estimated Cost: $25 million
Project Team: Rea Construction of Charlotte
John Cook - Resident Engineer
Phone: (704) 876-3543
Sidewalks will be built on both sides.
Sharp curves along Brawley School Road will be improved.
The median will prohibit left turns into and out of individual properties along the project. Motorists will be prohibited from making left turns into and out of some of the intersecting roads with Brawley School Road. At these roads, motorists will be required to turn right onto Brawley School Road and proceed to the next intersection where they will be permitted to make a left turn with an allowable U-turn.
Traffic counts on Brawley School Road range from 7,800 to 31,900. Traffic counts are expected to reach 9,200 to 44,700 by 2030.
Two sections of Brawley School Road will be widened. Construction on the first section began the week of November 3, 2008. This 3.8-mile section is from south of Southfork Road to east of Williamson Road. Construction on the next section is anticipated to begin in Spring 2009. This section will be widened from Williamson Road to Talbert Road.
Lane closure restrictions are as follows:
Monday through Friday from 6 a.m. to 9 a.m. and 3 p.m. to 7 p.m. on Brawley School Road from South Fork Road to Blume Road
Monday through Saturday from 7 a.m. to 7 p.m. on Brawley School Road from Blume Road to Williamson Road
Monday through Saturday from 7 a.m. to 7 p.m. on Williamson Road
Completion Date: Summer of 2011
Estimated Cost: $25 million
Project Team: Rea Construction of Charlotte
John Cook - Resident Engineer
Phone: (704) 876-3543
Wednesday, May 13, 2009
Have you been to Kerrigans Ice Cream store yet?
Although the Brawley traffic can be exhausting it is nice to see the incredible growth in this area and a great place to take a break is at Kerrigans ice cream, a family owned and operated neighborhood Ice Cream Parlor. They are located in the area next Family Video and Sebastano's on Brawley School Road. Kerrigan's offers an inviting atmosphere that is a throw back to the 1950's, complete with soda fountain decor, music from that era, and good, old-fashioned service. It's a great place to host a child's birthday party as well and the ice cream is yummy! The Petroski's have done a great job, plan to give them a visit if you haven't already.
Wednesday, May 6, 2009
New Listing Away from Brawley School Traffic!!!!
123 Meandering Way~Lochmere
Wonderful home in a great family neighborhood; home boasts 4 bedrooms 2 & 1/2 baths, large upper master suite, lovely great room open to your private backyard. Walk to School of Excellence LKN Elementary and avoid all Brawley School Road traffic!! Very few homes for sale in this neighborhood!
$219,900
MLS# 855357
2,118 sq. ft.
Wonderful playing field and playground across the street!!
Wonderful home in a great family neighborhood; home boasts 4 bedrooms 2 & 1/2 baths, large upper master suite, lovely great room open to your private backyard. Walk to School of Excellence LKN Elementary and avoid all Brawley School Road traffic!! Very few homes for sale in this neighborhood!
$219,900
MLS# 855357
2,118 sq. ft.
Wonderful playing field and playground across the street!!
Tuesday, May 5, 2009
News on the Increased Traffic on Brawley School Road!!
Here is a quote from Natalie Kelly, Asst. VP for Brawley Middle School
"Here is todays data: Six buses arrived to school late. To avoid loss of instruction time, we used our new Late Bus schedule which adds time to first period.
Of the 940 Brawley students scheduled to be bus rider, 720 rode the bus.We had 169 car riders and 116 of these live in The Point area.
If we combined Woodland Heights and Brawley car rider data, the total for today is 538 car riders. These car riders created a Jam Density of 1.6 miles on Brawley School Road.
In on another words, if we line-up these cars bumper to bumper, this line stretched 1.6 miles. To quote James Lovell, Houston, we have a problem here. Fortunately, our problem is not life threatening like Apollo 13, but the huge concern for everyone is student learning and to do this we have to get our students to school on time.
The DOT engineer has confirmed the problem is not the traffic light timing. It is not construction. The problem is the recent increased in the volume traffic. Remember, there are 30,000 cars per day that travel this road."
what are your thoughts on the recent traffic jam?
"Here is todays data: Six buses arrived to school late. To avoid loss of instruction time, we used our new Late Bus schedule which adds time to first period.
Of the 940 Brawley students scheduled to be bus rider, 720 rode the bus.We had 169 car riders and 116 of these live in The Point area.
If we combined Woodland Heights and Brawley car rider data, the total for today is 538 car riders. These car riders created a Jam Density of 1.6 miles on Brawley School Road.
In on another words, if we line-up these cars bumper to bumper, this line stretched 1.6 miles. To quote James Lovell, Houston, we have a problem here. Fortunately, our problem is not life threatening like Apollo 13, but the huge concern for everyone is student learning and to do this we have to get our students to school on time.
The DOT engineer has confirmed the problem is not the traffic light timing. It is not construction. The problem is the recent increased in the volume traffic. Remember, there are 30,000 cars per day that travel this road."
what are your thoughts on the recent traffic jam?
Tuesday, April 28, 2009
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