Housing Shortage Forecast!!!

Harvard Report Says Housing Shortage Is Coming

Harvard University’s Joint Center for Housing Studies in its latest annual “State of the Nation’s Housing” report says that within the next decade, 16 million new housing units will be needed to meet population growth and shifting demands

Household growth, which has dropped drastically in recent years, will be the key component in a housing shortage.  From 2007-2010, household growth decreased to about 500,000 per year which was less than half the 1.2 million annual increase averaged prior from 2000-2007.

Memorial Day Tribute at The Big Canoe Terraces Honors Veterans

 

In addition to the many daily  activities in Big Canoe, the North Georgia Veterans will present a Memorial Day tribute to our country’s veterans  Monday, May 30, at The Terraces beginning at 9:50 a.m.

 Helen Buckelew, vice president of North Georgia Veterans will be participating while  Bill Gibson will give the invocation and preside over the flag raising by the North Georgia Honor Guard. Representing the different branchesof the armed services will be T Bill Saling representing the Army, Navy by David Howe, Marine Corps  Jim Puhger and Air Force Chuck Dressler.

Tate, Georgia Train Depot

This article is taken from the Big Canoe Smoke Signals online publication. The Tate terminal is finally going to get a long overdue restoration so it can be used for community events.  Tate is just a few miles from Big Canoe in Pickens County. It is but one of the many venues available to Big Canoe residents in the mountains north of Atlanta.

For the first time in 62 years the Tate Train Depot opens its doors to the public during Tate Depot Days Saturday, April 16 & Sunday, April 17.  

Bunker Sales Up Since Japanese Earthquake

I thought this article from CNN Money interesting and worth passing along for the humorous content if nothing else.  We here in the gated community of Big Canoe in the North Georgia Mountains feel safe and so removed from happenings like this that installing a bunker in the back yard would never occur to us.  The “bunker mentality” has definitely not come to our mountain home.

Daily Real Estate News  |  March 24, 2011  |   Share

Bunker Sales Soar Amid Japan Crisis
More home owners are considering adding a bunker to their backyard. The 9.0 earthquake, tsunami, and nuclear crisis in Japan as well as the tensions in the Middle East have prompted doomsday bunker sales to skyrocket, as much as 1,000 percent in some cases.

Foreclosure Rates are Down!!!

Could the real estate market be on the verge of a rebound?!! Big Canoe foreclosures, following this national trend, have slowed as well.  If you are waiting for the bottom of the market, this could be the first sign that it is time to buy. 

Foreclosures Post Biggest Drop on Record
The number of foreclosure notices filed in February declined 14 percent compared with last month, and foreclosure notices dropped 27 percent compared to last year at this time. That marks the largest year-over-year decline that RealtyTrac, a foreclosure tracking site, has ever recorded.

Capital Economics Research Firm Reports Undervalued U.S. Housing Market

The following article by housing analyst Carrie Bay gives credence to what I have been saying about the Big Canoe home market.  Homes are selling for much less than it would cost to replace them at current market levels and are great deals for savy home shoppers. There are lots of buying opportunities for one looking for a change of pace from the hectic pace of the city. The biggest real estate sale in history is still here. Come home to the Big Canoe mountains.

 

Research Firm Says U.S. Housing Has Never Been This Undervalued

03/07/2011 By: Carrie Bay Printer Friendly View


Better Cell Phone Service at Big Canoe

 During  the last few months, Big Canoe HOA teams have  worked with AT&T management on ways to improve cell phone service in Big Canoe and Bent Tree. It seems the hard work by the Big Canoe HOA volunteers has paid off.  AT&T has made  their new Microcell 3G device,that routes cell calls over the house WIFI connection, available to  Big Canoe homeowners. The 3G gives us five bars at our house where we previously had no service at all so we are delighted.  AT&T has also committed to adding a cell tower in or around Big Canoe to ramp up cell service when we are not in range of a 3G WIFI connection. We applaud the efforts of the Big Canoe HOA and AT&T for their efforts in correcting this problem that has plagued Big Canoe residents since the invention of cell phones.

WAll Street Journal Article touts Housing Rebound

The following WSJ article is among many I have seen in the past few weeks touting the housing rebound.  Sales and real estate traffic in Big Canoe are startiing 2011 in a positive way. In spite of  atypical weather events this winter, traffic has been steady.  If you are waiting for a sign that it is time to buy, this could be it.  The Big Canoe bargains won’t be around forever. 

2011 Rebound: Affordability High, Investors Back
Plenty of signs point to the housing market finally bottoming out and moving into rebound mode this year, experts say in a recent article in The Wall Street Journal.

Obituary for Southern Humorist Ludlow Porch

Sadly, the beloved southern humorist,Ludlow Porch, died last week.  Ludlow, a long time North Georgia mountain resident and Big Canoe Chapel member will be missed by family, friends and his many fans.  A memorial service is being  held for Ludlow at 2PM Saturday in the Big Canoe Chapel.  His obituary follows.

Ludlow Porch (Bobby Crawford Hanson)
October 11, 1934–February 11, 2011
Pioneer Talk Show Host and Humorist

Service at Big Canoe Chapel, February 19, at 2 p.m.
Ludlow
Ludlow Porch

Big Canoe Dog Park Moved to Softball Field

The  Big Canoe Dog Park will be closed mid February for one to two months  for reseeding.  The 2 acre fenced area has been converted to grass from the original chips which were not “paw friendly” and the grass will need over seeding in order to get the area ready for Spring romps.  In the interim, Big Canoe dog owners may use the softball field located near the North Gate of Big Canoe in the Wildcat recreation area.  Homeowners will be notified when the dog park is once again ready for use.