Featured Real Estate Listing
Breeze Hill Road
2,900 sq ft home on 336.97 acres.
Home is in excellent condition, roof was replaced last year, water sourced heat pump was replaced last year too, kitchen is immaculate – granite counter tops. Laundry room/mud room is off the kitchen.
Hardwood floors throughout, tile flooring in bathrooms and carpets in the bedrooms. Masterbed room on the first floor has a special grass carpet called Siffel Master bath has a jetted tub.
About 750 sq ft of rocking chair front porch and decking.
Great room has 26 foot ceilings, brick fireplace, windows the height of the ceiling with views of the pond and open acreage beyond.
3 bedrooms upstairs with hallway that terraces to the great room – one is a bit cozy/small so it might make a nice office… The other 2 bedrooms have private baths. Kitchen has breakfast bar and/or breakfast/lunch table. Formal dining room as well.
Equipment shed has a new roof and is about 1,400 sq ft.
45 Acre pond has a dock out in front of the house and a boat house close by.Garage attached by breezeway has been renovated into 2 very large offices – one on the first floor one on the second.Recently surveyed, Acreage is as follows: 45 Acre pond, 88 acres in fenced pasture with 2 run in sheds for horses, 22 acres in coastal hay, and 86 acres in 22 year old planted pine.
Front Gate Properties, We’re selling the BEST Real Estate in Aiken, SC.
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Top Rising, Falling Housing Markets
When the recovery in housing finally comes, some housing markets will rebound sooner than others. Real estate forecasting service Local Market Monitor, which covers the nation’s 300 largest markets, has identified 13 markets where it predicts home prices will rise in the coming months and 11 markets where it expects home prices will continue to decline significantly.
To make these picks, Local Market Monitor uses a proprietary formula. Here are the 13 markets where it expects prices to rise:
1. Baton Rouge, La.
2. Buffalo-Niagara Falls
3. Dallas-Plano-Irving
4. Fort Worth-Arlington
5. Houston-Sugar Land-Baytown
6. Little Rock-North Little Rock-Conway, Ark.
7. McAllen-Edinburg-Mission, Texas
8. Oklahoma City
9. Rochester, N.Y.
10. San Antonio
11. Syracuse, N.Y.
12. Tulsa
13. Wichita, Kan.
Here are the 11 markets where it believes home prices will continue to decline:
1. Bakersfield, Calif.
2. Fort Lauderdale-Pompano Beach-Deerfield Beach, Fla.
3. Fresno, Calif.
4. Las Vegas-Paradise
5. Miami-Miami Beach-Kendall
6. Orlando-Kissimmee
7. Oxnard-Thousand Oaks-Ventura, Calif.
8. Phoenix-Mesa-Scottsdale
9. Riverside-San Bernardino-Ontario, Calif.
10. Stockton, Calif.
11. West Palm Beach-Boca Raton-Boynton Beach, Fla.
Source: Local Market Monitor (06/23/2009)
Front Gate Properties, We’re selling the BEST Real Estate in Aiken, SC.
Retailers Experiment with Short-Term Rentals
Short-term rental deals that allow retailers to experiment with a concept without committing to a long-term lease are growing more popular, especially in urban areas.
Known as “pop-up” stores, these deals are being reluctantly accepted by landlords because they are better than nothing. “It’s not something they really . . . like. But considering the economic conditions now, it’s something they’re forced to accept,” says Amir Korangy, publisher of the Real Deal, a real estate trade magazine.
J.C. Penney, which doesn’t have stores in New York City, has been experimenting with pop-up stores there. It is a way of reaching “all key stakeholders – customers, investors and associates – and creating buzz,” says company spokeswoman Kate Parkhouse.
Source: The Wall Street Journal, A.D. Pruitt and Karen Talley (07/01/2009)
Front Gate Properties, We’re selling the BEST Real Estate in Aiken, SC.
Mortgage Applications Bounce Back
Mortgage applications bounced back last week after nearly a month in the doldrums when the number of applications fell to a seven-month low.
The market index compiled by the Mortgage Bankers Association rose 6.6 percent on a seasonally adjusted basis to 548.2 points from 514.4 points the previous week.
On an unadjusted basis, the index increased 6 percent compared with the previous week and rose 17.2 percent compared with the same week a year ago.
Both purchases and refinances were up with the purchase share increasing 7.3 percent and refinances rising 5.9 percent.
Source: Mortgage Bankers Association (06/24/2009)
Front Gate Properties, We’re selling the BEST Real Estate in Aiken, SC.
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