Buying, selling — EDITOR on August 24, 2009 at 9:28 am
The High Country Association of Realtors released statistics on Tuesday, August 11, for residential homes sold through the end of July. When compared with earlier months this year, the numbers indicate a gradual improvement in residential sales in the area, as well as in the median sold price of residential properties.
But the recovery has still not caught up to last year’s numbers. In July, the number of residential units sold was down 25.2 percent from the same time last year and the median sold price for residential property was down 6.8 percent.
Thursday evening’s auction of the historic Green Park Inn in Blowing Rock didn’t go the way its owner, Ronnie Wrenn, and the auctioneers hoped it would.
Auctioneer Mark Rogers started the bidding at $5 million for the century-old resort hotel and the 3.8 acres that it sits on. Looks like bidding is up to $1.2 Million
Heavenly Mountain to become sustainability center by: Scott Nicholson— Development of a 2,000-acre property in that once was planned as a spiritual retreat is shifting toward sustainability and affordable renewable technology.
David Kaplan, along with his brother Earl Kaplan, are planning an advanced development that uses latest research to combine solar and wind energy with contemporary green building techniques to offer affordable and sustainable houses. Kaplan said he had the goal of establishing the property as the “Center for Sustainability” in the United States.
Kaplan formerly owned thousands of acres in the southwestern corner of Watauga County, which was planned as Heavenly Mountain Resort and at one time was associated with the Transcendental Meditation movement. Kaplan broke ties with the group about five years ago and eventually sold about 6,000 acres to the Ginn Company for the Laurelmor Development. That property has since been sold again after the Ginn Company faced foreclosure.
by Bob Hunt - Tue, Aug 18, 2009—Like politics, all real estate is local. This is drummed into us time and time again. You hardly ever see a report about state or national real estate trends without the cautionary caveat that “local markets are all different.” So how, then, does it make any sense for real estate appraisals to be conducted by out-of-the-area appraisers who lack (and don’t have time to get) specific local-market knowledge?
Well, it doesn’t, of course; but the practice has become commonplace thanks to the recent adoption of the Home Valuation Code of Conduct (HVCC). The HVCC is not a result of legislation. Rather, it is the result of an agreement, a settlement, entered into by Fannie Mae, Freddie Mac, and the office of the New York State Attorney General. The agreement went into effect May 1, 2009. Its aim was to put an end to corrupt practices in the business of appraising residential properties. Perhaps, to some degree, it has achieved its aim; but what we know for sure is that it has caused a lot of problems so far.
The 54th annual Farm City Celebration, held on Saturday, recognized some of the key contributors to local agriculture, part of an afternoon focusing on local crops, produce, livestock, and the people who share them with the community.
Dick Hearn, who served on the organizing committee, read from a proclamation adopted by local governments.
“Cooperative networks strengthen our community and quality of life,” Hearn said, noting that Aug. 8 through Aug. 15 had been designated “Farm City Week.”
The Lofted Forest Home is one that defies categorization. It cannot be called strictly modern, traditional, or naturalistic. Rover Harvey Oshatz did not have a particular style in mind when he designed the home, but instead focused on a source of inspiration from the owner.
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