We in Haywood County like to think that Asheville gets the attention because of places like Maggie Valley, Waynesville, Bethel, etc, etc. Great article and ranking!

Asheville Named Among Best Places for Second Homes
Asheville was recently selected as one of the 10 best places in America for second homes, according to Barron’s Magazine. Boasting a four-seasons lifestyle and a thriving art scene, Asheville’s luxury home prices have dropped an estimated 38 percent from their peak.
http://tinyurl.com/ydu7ezg

This message is to notify you that program funding for the Single Family Housing Guaranteed Loan Program will likely be exhausted by the end of April, 2010.

Once funding is exhausted, the Agency will not issue Conditional Commitments “subject to receipt of appropriated funds.” This is because it is not certain when additional funding will be available.

Limited funding may become available for disaster areas declared in 2008, or in disaster areas declared for Hurricanes Katrina and Rita. Limited funding may also become available as prior Agency commitments are de-obligated, however, such funding will be very limited.

We apologize for any inconvenience this may cause you. Should you have any questions, you may contact the Single Family Housing Guaranteed Loan Division at (202)720-1452.

Rodgers writes:

Every year USDA runs out of money for their fundings and normally you are not affected by this however, this year is very different. The USDA Section 502 guaranteed Rural Housing Program will have exhausted there 2010 fiscal funds by the end of April. The USDA would need to receive about 150 million in funding to be able to continue funding loans for the rest of fiscal year 2010.

In past years USDA has appropriated funds from other areas to make up for the shortfall in funding dollars giving lenders the oppurtunity to continue to fund USDA loans.

Why is this year any different then past years? USDA is removing the “subject to receipt of appropriated funds” from their conditional commitments meaning there is no guarantee that lenders will be able to guarantee the loan and fund it.

Why are they doing this? The money usually runs out around the end of the government’s fiscal year which is September 30th and USDA basically tells everyone we’ll get you’re funding commitments either this year or next. Since the money is running out so early in the fiscal year USDA is not sure where the money will come from therefore will not put “subject to receipt of appropriated funds” on their conditional commitments. Last year the money ran out in March but the stimulus provided the gap funding to carry the program thru to the end of the year but this year there is no stimulus money.

What can I do as a Realtor, Builder, Developer or loan officer? You need to contact your US Congressman, US Senator, professional lobby and employer to get them working on a solution because if this happens many homeowners will be left out on their loan closing because it simply won’t happen.

The USDA loan program is a wonderful program for Rural America. The program is ran very efficiently and the default rate on USDA loans are much lower than FHA or other financing programs.

Please take action today.

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Well….lenders have already begun cutting off the program. Both Wells Fargo and BB&T stopped taking USDA Rural Development loan commitments TODAY. Others will soon follow….

This is a first for Haywood County NC…..

Have old paint cans, or other common hazardous waste laying around, today is the day you can get rid of it..

From 9am-2pm at the Haywood County office building, located at 81 Elmwood Way in Waynesville NC. TODAY only.

Items accepted, paint, paint thinner, pesticides, herbicides, insecticides, old fuel, antifreeze, used oil, old cleaners, aerosol cans, flourescent bulbs, batteries, & any other toxic household products, and outdated medications.

90% of the waste collected will be recycled. For more info call (828) 627-8042.

Always wanted to try it and today I did it. The Egg Salad Burger! It was awesome! Next up is the Joker Burger, burger,bacon,peanut butter, and apples.

Check out Legends in Maggie Valley for the good eats.

Looking for some Maggie Valley entertainment, or a Maggie Valley hotel for this week, check out the Maggie Valley Inn and Conference Center.. Here are their specials for the week..  Thursday nite is a $6.95 buffet.. can’t go wrong with that…  sounds like fun..

To view flyer larger, click on image..

Maggie Valley Inn & Conference Center Specials for the week

Here is your Clyde, NC homes shown in Jan-Feb 2010 report.  To keep an eye on our market, keep checking  back each month to get all the latest reports.

To view the report larger, click on image.

Clyde NC Home Showings Report for Jan-Feb 2010

Here is a report that shows you Canton NC homes that were shown this last month.  Whether you’re looking at Canton NC homes for sale or are curious to see how the interest in our market is performing, keep checking back each month.  We’ll be posting the updated showing requests for homes in our area.

To view report larger, click on image.

Canton NC homes showing report for Jan-Feb 2010

Here is a report for homes that were shown in the Lake Junaluska NC area from Jan-Feb 2010.  Therefore if you’re thinking about buying a home to use as a Lake Junaluska rental, this report will help you to see what price range is popular from this last month.  Check back each month to have updated information.

To view report larger, click on image.

Lake Junaluska NC homes showing report for Jan-Feb 2010

Haywood County NC real estate homes showing report for Jan-Feb 2010

Here are homes that were shown in the Jonathan Creek area of Haywood County NC.  The listings that were shown had a zip code of 28785, however their mailing city is Waynesville, NC.  As you can see the most popular price range is still below $299,999 and below.  This report will help indicate where you homes should be listed or price ranges that are popular.  Check back each month to continue to have updated information.

To view report larger, click on image.