November 2012

Young Adults Forming New Households

From KCM Crew 11/21/12 www.kcmblog.com

In a recent Wall Street Journal article, it was revealed that household formations dramatically increased the last 12 months:

  • Average Annual Formations during boom years – 1.25 million
  • Average Annual Formations 2008-2011 – 650,000
  • New Household Formations in last year – 1.15 million

Read entire article here.

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Homes Sold Report Nov 1, 2012

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Is Your House Market Ready?

By TIM McKEOUGH
Published: November 7, 2012 www.nytimes/Home&Garden

Q. The children’s playroom is always the messiest part of our house. How can we make it look better for showings?

 

A. “Walking into a playroom that looks as if you’re in the midst of a battle is not a good thing,” said Marc Donnenfeld, a real estate agent at Warburg Realty in New York — particularly when a home is being shown to potential buyers.

“You’re the curator of your home,” he said. “You want the image of the house to come across in the best light possible.” And a playroom that looks like a war zone “clouds the image,” sending the wrong message to buyers.

Fortunately, cleaning up doesn’t necessarily require big or expensive changes, said Mr. Donnenfeld, a former interior designer: “There are lots of creative solutions that will enhance the look of your playroom, as well as solve your storage problems.” Read More!

 

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Market Update November 1: Residential Unit Sales

By Mukunda Pacifici November 7, 2012

All info taken from WNCRMLS.

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Market Update November 1, 2012 Months of Inventory

By Mukunda Pacifici 11/7/2012

Months of inventory is dropping! We are around 33% down compared to this time last year. In Buncombe County we are on our way to achieving market balance.

 

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