Please click the buttons below for the daily updates of new Maggie Valley, Waynesville (and all of Haywood County) and Asheville (and all of Buncombe County) homes for sale; or

• Go to the Twitter feed in the sidebar on the left and click the links.

• NOTE: By popular request, click here to see the 36 Haywood County Foreclosure/Short Sales Listings on our MLS this morning.

Maggie Valley, Waynesville Area Daily New Residential Listings:

Asheville Area Daily New Residential Listings:

Source: MLS. Data deemed reliable but, not guaranteed.

• NOTE: If you can’t find the daily updates post due to newer blogs, PLEASE LOOK AT THE SIDEBAR TO THE LEFT for my scrollable Twitter feed. Links will be posted there every day as well. Just click the link(s) you want to see.  In other words, you may simply use ONLY the Twitter feed in the sidebar to the left for all Daily Updates. (Easier!)
• If you have any questions, want more property information, or want me to add more daily updates, please let me know by leaving a comment, or by phone (828-550-3767), via Twitter @SusieBlackmon, or via email: susie@susieblackmon.com.

Related articles by Zemanta

• Maggie Valley Monday Photo from the Maggie Valley Photo Group. (buckingtherealestatetrend.com)
• Which Price Ranges and Cities In and Around Maggie Valley and Waynesville Have Best List/Sell Odds? (buckingtherealestatetrend.com)
• Residential Real Estate Foreclosures, REO and Short Sales in the Haywood County MLS. (buckingtherealestatetrend.com)
• Looking at the Present Residential Real Estate Market in Maggie Valley and Waynesville, Haywood County, NC. (buckingtherealestatetrend.com)
• How is the Real Estate Market in Maggie Valley and Waynesville (Haywood County) NC? (buckingtherealestatetrend.com)

Here’s is a link to my review of Smackers on Yelp.

• Smackers Sports Grill
• 2651 Dellwood Road
• Waynesville NC 28786
• 828-926-0999

Tuesday, February 16th, 2010, 1:03 pm

Write to Jon Prior.

The “shadow inventory” of bank-repossessed properties, as well as distressed mortgages facing foreclosure, will take nearly three years to clear at the current sales rate, according to a report from the credit rating agency Standard & Poor’s (S&P). The analysts add that during this period many servicers will likely shift their emphasis from mortgage modification to loan liquidation.

The “shadow inventory” of homes includes all delinquent loans and real-estate owned (REO) property that has not reached the market. REO property are foreclosed homes taken back by the bank for liquidation. As for the total amount of homes in the shadow inventory, Amherst Securities places the total at 7m. The Royal Bank of Scotland found 2.7m, and First American CoreLogic counted 1.7m.

S&P estimates the inventory to equal a 33-month supply of homes. Analysts added the estimate is actually conservative, as they did not assume homes not showing signs of distress would default and push the overhang of supply even further.

Furthermore, court delays, political pressure and servicing backlogs constricted the flow of foreclosures hitting the market to a trickle. These delinquent borrowers who have not received a foreclosure fuel the “rapidly” growing shadow inventory of properties, according to the report.

“Overall, it is our opinion that recent positive housing reports should not be construed as a sign that the distress in the residential housing market is abating, but rather should be attributed to the temporarily limited supply of homes on the market,” according to the report.

Another credit rating agency, Moody’s, showed that the underwhelming performance of the Home Affordable Modification Program (HAMP), which the US Treasury Department launched in March 2009 to give incentives to servicers for the modification of loans on the verge of foreclosure, will drive down housing prices another 8% from Q409 to the end of 2010.

According to the S&P report, homes are falling into serious delinquency faster than REO transactions are closing. The total balance of seriously delinquent loans reached well over $400bn through November 2009, while the balance of REO properties reached its peak in September 2008 and declined to $50bn. On average, $14.5bn of seriously delinquent loans or REO property liquidates each month. According to the report, it will take 29 months to clear this supply of homes:

*****Read the rest of the article here.*****

Write to Jon Prior.

Related articles by Zemanta

• New wave of foreclosures threatens market (msnbc.msn.com)
• Foreclosures: New Wave Of Housing Troubles Could Be Coming Soon (huffingtonpost.com)

Please click the buttons below for the daily updates of new Maggie Valley, Waynesville (and all of Haywood County) and Asheville (and all of Buncombe County) homes for sale; or

• Go to the Twitter feed in the sidebar on the left and click the links.

• NOTE: By popular request, click here to see the 36 Haywood County Foreclosure/Short Sales Listings on our MLS this morning.

Maggie Valley, Waynesville Area Daily New Residential Listings:

Asheville Area Daily New Residential Listings:

Source: MLS. Data deemed reliable but, not guaranteed.

• NOTE: If you can’t find the daily updates post due to newer blogs, PLEASE LOOK AT THE SIDEBAR TO THE LEFT for my scrollable Twitter feed. Links will be posted there every day as well. Just click the link(s) you want to see.  In other words, you may simply use ONLY the Twitter feed in the sidebar to the left for all Daily Updates. (Easier!)
• If you have any questions, want more property information, or want me to add more daily updates, please let me know by leaving a comment, or by phone (828-550-3767), via Twitter @SusieBlackmon, or via email: susie@susieblackmon.com.

Related articles by Zemanta

• Maggie Valley Monday Photo from the Maggie Valley Photo Group. (buckingtherealestatetrend.com)
• Which Price Ranges and Cities In and Around Maggie Valley and Waynesville Have Best List/Sell Odds? (buckingtherealestatetrend.com)
• Residential Real Estate Foreclosures, REO and Short Sales in the Haywood County MLS. (buckingtherealestatetrend.com)
• Looking at the Present Residential Real Estate Market in Maggie Valley and Waynesville, Haywood County, NC. (buckingtherealestatetrend.com)
• How is the Real Estate Market in Maggie Valley and Waynesville (Haywood County) NC? (buckingtherealestatetrend.com)

Please click the buttons below for the daily updates of new Maggie Valley, Waynesville (and all of Haywood County) and Asheville (and all of Buncombe County) homes for sale; or

• Go to the Twitter feed in the sidebar on the left and click the links.

• NOTE: By popular request, click here to see the 36 Haywood County Foreclosure/Short Sales Listings on our MLS this morning.

Maggie Valley, Waynesville Area Daily New Residential Listings:

Asheville Area Daily New Residential Listings:

Source: MLS. Data deemed reliable but, not guaranteed.

• NOTE: If you can’t find the daily updates post due to newer blogs, PLEASE LOOK AT THE SIDEBAR TO THE LEFT for my scrollable Twitter feed. Links will be posted there every day as well. Just click the link(s) you want to see.  In other words, you may simply use ONLY the Twitter feed in the sidebar to the left for all Daily Updates. (Easier!)
• If you have any questions, want more property information, or want me to add more daily updates, please let me know by leaving a comment, or by phone (828-550-3767), via Twitter @SusieBlackmon, or via email: susie@susieblackmon.com.

Related articles by Zemanta

• Maggie Valley Monday Photo from the Maggie Valley Photo Group. (buckingtherealestatetrend.com)
• Which Price Ranges and Cities In and Around Maggie Valley and Waynesville Have Best List/Sell Odds? (buckingtherealestatetrend.com)
• Residential Real Estate Foreclosures, REO and Short Sales in the Haywood County MLS. (buckingtherealestatetrend.com)
• Looking at the Present Residential Real Estate Market in Maggie Valley and Waynesville, Haywood County, NC. (buckingtherealestatetrend.com)
• How is the Real Estate Market in Maggie Valley and Waynesville (Haywood County) NC? (buckingtherealestatetrend.com)

There are 18 homes listed for sale in Maggie Valley Country Club Estates today:

• Maggie Valley Club Winter Golf Course View (with VIDEO). (buckingtherealestatetrend.com)
• Maggie Valley Club’s Golf Course is Exceptionally Colorful Right Now. (buckingtherealestatetrend.com)
• Laurel Ridge Golf and Country Club, Waynesville NC, 2004 ~ 2009 Sales. (buckingtherealestatetrend.com)
• Riding Around the Waynesville Country Club and Golf Course Area in Waynesville NC. (buckingtherealestatetrend.com)

Please click the buttons below for the daily updates of new Maggie Valley, Waynesville (and all of Haywood County) and Asheville (and all of Buncombe County) homes for sale; or

• Go to the Twitter feed in the sidebar on the left and click the links.

• NOTE: By popular request, click here to see the 35 Haywood County Foreclosure/Short Sales Listings on our MLS this morning.

Maggie Valley, Waynesville Area Daily New Residential Listings:

Asheville Area Daily New Residential Listings:

Source: MLS. Data deemed reliable but, not guaranteed.

• NOTE: If you can’t find the daily updates post due to newer blogs, PLEASE LOOK AT THE SIDEBAR TO THE LEFT for my scrollable Twitter feed. Links will be posted there every day as well. Just click the link(s) you want to see.  In other words, you may simply use ONLY the Twitter feed in the sidebar to the left for all Daily Updates. (Easier!)
• If you have any questions, want more property information, or want me to add more daily updates, please let me know by leaving a comment, or by phone (828-550-3767), via Twitter @SusieBlackmon, or via email: susie@susieblackmon.com.

Related articles by Zemanta

• Maggie Valley Monday Photo from the Maggie Valley Photo Group. (buckingtherealestatetrend.com)
• Which Price Ranges and Cities In and Around Maggie Valley and Waynesville Have Best List/Sell Odds? (buckingtherealestatetrend.com)
• Residential Real Estate Foreclosures, REO and Short Sales in the Haywood County MLS. (buckingtherealestatetrend.com)
• Looking at the Present Residential Real Estate Market in Maggie Valley and Waynesville, Haywood County, NC. (buckingtherealestatetrend.com)
• How is the Real Estate Market in Maggie Valley and Waynesville (Haywood County) NC? (buckingtherealestatetrend.com)

Please click the buttons below for the daily updates (or go to the Twitter feed in the sidebar on the left and click the links):

• NOTE: By popular request, click here to see the 34 Foreclosure/Short Sales Listings on our MLS this morning.

Maggie Valley, Waynesville Area Daily New Residential Listings:

Maggie Valley, Waynesville Area Daily New Price Changes:

Asheville Area Daily New Residential Listings:

• NOTE: If you can’t find the daily updates post due to newer blogs, PLEASE LOOK AT THE SIDEBAR TO THE LEFT for my scrollable Twitter feed. Links will be posted there every day as well. Just click the link(s) you want to see.  In other words, you may use ONLY the Twitter feed in the sidebar to the left for all Daily Updates. (Easier!)
• If you have any questions, want more property information, or want me to add more daily updates, please let me know by leaving a comment, or by phone (828-550-3767), via Twitter @SusieBlackmon, or via email: susie@susieblackmon.com.

Related articles by Zemanta

• Which Price Ranges and Cities In and Around Maggie Valley and Waynesville Have Best List/Sell Odds? (buckingtherealestatetrend.com)
• Residential Real Estate Foreclosures, REO and Short Sales in the Haywood County MLS. (buckingtherealestatetrend.com)
• Looking at the Present Residential Real Estate Market in Maggie Valley and Waynesville, Haywood County, NC. (buckingtherealestatetrend.com)
• How is the Real Estate Market in Maggie Valley and Waynesville (Haywood County) NC? (buckingtherealestatetrend.com)

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• I will not eat [as much] sugar in 2010! (buckingtherealestatetrend.com)
• Beautiful sunset tonight in Maggie Valley (buckingtherealestatetrend.com)
• Electric Sky This Morning in Maggie Valley. (buckingtherealestatetrend.com)

Interesting New York Times article:

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.

This latest program, which will allow owners to sell for less than they owe and will give them a little cash to speed them on their way, is one of the administration’s most aggressive attempts to grapple with a problem that has defied solutions.

More than five million households are behind on their mortgages and risk foreclosure. The government’s $75 billion mortgage modification plan has helped only a small slice of them. Consumer advocates, economists and even some banking industry representatives say much more needs to be done.

For the administration, there is also the concern that millions of foreclosures could delay or even reverse the economy’s tentative recovery — the last thing it wants in an election year.

*****Read the rest of the article here*****

More very recent articles pertinent to the real estate market:

• Asheville #1 on the 100 Best Places to Retire 2010 List
• Asheville on 10 Best Places for Second Homes List
• 5 Metro Areas on the Real Estate Mend

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• Calculated Risk: Freddie Mac: “Potential Large Wave of Foreclosures” (buckingtherealestatetrend.com)
• Residential Real Estate Foreclosures, REO and Short Sales in the Haywood County MLS. (buckingtherealestatetrend.com)