The Boone Town Council was essentially forced to change its policy on accessory housing, which was originally adopted in hope of providing more affordable housing options for the community.
Here’s the article from the Watauga Democrat
Asheville home sales, prices slump
Buncombe County existing home sales dropped dramatically again in March, and the average price of a home sold, which has risen during much of the current housing slump, fell significantly.
According to figures from the N.C. Association of Realtors, there were 221 county homes sold through the Multiple Listing Service last month, 27.3 percent fewer than in March of last year. The average price fell 10 percent to $265,797.
Click here for the article in the Asheville Citizen Times
good-bye granite countertops?
During the housing boom, updating a kitchen with high end materials like cherry wood cabinets and a Viking stove was a sure bet to boost a home’s value. Homeowners often recovered about 80% of the cost when the house was later sold.
But with so much more inventory on the market for buyers to choose from, they just aren’t as impressed with the bells and whistles. Now most upscale renovations are returning less than 70% of their cost, according to a recent survey from the National Association of Realtors (NAR) and Remodeling magazine.
Here’s the article from CNN