May Pending Home Sales Reach Highest Level in Over 6 Years
Written by Walter Malony, www.realtor.org
WASHINGTON (June 27, 2013) – Pending home sales rose in May to the highest level since late 2006, implying a possible spark as mortgage interest rates began to rise, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 6.7 percent to 112.3 in May from a downwardly revised 105.2 in April, and is 12.1 percent above May 2012 when it was 100.2; the data reflect contracts but not closings.
Contract activity is at the strongest pace since December 2006 when it reached 112.8; pending sales have been above year-ago levels for the past 25 months. Read article here.
5 Trends Spotted at Dwell on Design Conference in LA
This year’s show was the most energetic in recent years, with more exhibits than ever. The last few years focused on green and sustainable designs, and while sustainability was still a major focus, luxury was definitely back in a big way. Our five top trends:
What You Get for $475,000 Around Asheville
11 WHITE ASH DRIVE Asheville 28803
What: A four bedroom two bathroom and two half bath home.
How Much: $482,500.00
Size: 2595 sq.ft.
Setting: Located in Biltmore Park in South Asheville.
Indoor/Outdoor Space: Home has the master bedroom on the main floor. Home features Hardwood floors and a granite kitchen with a private back yard.
92 Saint Dunstans Circle Asheville, NC 28803
What: a four bedroom three bath home.
How Much: $475,000
Setting: Kenilworth Neighborhood
Indoor/Outdoor Space: Home offers 4 bedrooms and 3 bathrooms. Home features absolute Granite Counter Tops, a Sub Zero Refrigerator, a Formal Dining Room, 10 foot Ceilings, a new architectural shingle roof, high efficiency heat pumps and furnace. Icynene insulation, tankless water heater and CPI security system.
11 Cedar Bluff Ct. Candler 28715
What: Four bedroom three and a half bath house.
How Much: $478,000
Setting: Candler- long range views and open space.
Indoor/Outdoor Space: This home is a Frank Betz custom built home that features two fireplaces, oak floors, granite counter-tops, vaulted ceilings, gas range, tiled baths, and the master on the main floor. The gourmet kitchen overlooks the keeping room with a fireplace & screened porch. Home also features an unfinished basement with a workshop.
Housing Starts Increase in May to 914,000
by Bill McBride on 6/18/2013 www.calculatedrisk.com
From the Census Bureau: Permits, Starts and Completions
Privately-owned housing starts in May were at a seasonally adjusted annual rate of 914,000. This is 6.8 percent above the revised April estimate of 856,000 and is 28.6 percent above the May 2012 rate of 711,000.
Single-family housing starts in May were at a rate of 599,000; this is 0.3 percent above the revised April figure of 597,000. The May rate for units in buildings with five units or more was 306,000. Read entire article here.
Asheville Area Housing Data
June 12, 2013.
All data taken from WNCRMLS.
Henderson County Housing Data
June 12, 2013
All data taken from MLS.
Haywood County Housing Data
June 11, 2013
Haywood County real estate numbers through May 31, 2013.
Madison County Housing Data
June 11, 2013
Madison County Real Estate Data through May 31, 2013.
The Running Realtors!
June 10, 2013
Friday afternoon DixonPacifica Real Estate participated in the Chamber of Commerce 5k in Montford. It was a warm and sunny afternoon and the first 5k we have completed as a team!
Temple & Carter Dixon were the stars as they paced the much older Tad Dixon and Mukunda Pacifici.
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