Posts Tagged ‘Fort Gordon’

Get to know Augusta Georgia

Monday, March 10th, 2014

Existing Home sales dip in January

Thursday, February 27th, 2014

  Existing-home sales fell in January to the lowest level in a year-and-a-half, but ongoing inventory shortages continue to lift prices in much of the U.S., according to the National Association of Realtors®.

Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 5.1 percent to a seasonally adjusted annual rate of 4.62 million in January from 4.87 million in December, and are also 5.1 percent below the 4.87 million-unit pace in January 2013. Last month’s level of activity was the slowest since July 2012, when it stood at 4.59 million.

Lawrence Yun, NAR chief economist, said unusual weather is playing a role. “Disruptive and prolonged winter weather patterns across the country are impacting a wide range of economic activity, and housing is no exception,” he said. “Some housing activity will be delayed until spring. At the same time, we can’t ignore the ongoing headwinds of tight credit, limited inventory, higher prices and higher mortgage interest rates. These issues will hinder home sales activity until the positive factors of job growth and new supply from higher housing starts begin to make an impact.”

The median existing-home price2 for all housing types in January was $188,900, up 10.7 percent from January 2013. Distressed homes3 – foreclosures and short sales – accounted for 15 percent of January sales, compared with 14 percent in December and 24 percent in January 2013.

Eleven percent of January sales were foreclosures, and 4 percent were short sales. Foreclosures sold for an average discount of 16 percent below market value in January, while short sales were discounted 13 percent. Total housing inventory at the end of January rose 2.2 percent to 1.90 million existing homes available for sale, which represents a 4.9-month supply4 at the current sales pace, up from 4.6 months in December. Unsold inventory is 7.3 percent above a year ago, when there was a 4.4-month supply. A supply of 6.0 to 6.5 months represents a rough balance between buyers and sellers.

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage slipped to 4.43 percent in January from 4.46 percent in December; the rate was 3.41 percent in January 2013.

NAR President Steve Brown, co-owner of Irongate, Inc., Realtors® in Dayton, Ohio, said that in addition to disruptive weather, higher flood insurance rates are impacting the market in areas designated as flood zones, which account for roughly 8 to 9 percent of sales. “Thirty percent of transactions in flood zones were cancelled or delayed in January as a result of sharply higher flood insurance rates,” he said. “Since going into effect on October 1, 2013, about 40,000 home sales were either delayed or canceled because of increases and confusion over significantly higher flood insurance rates. The volume could accelerate as the market picks up this spring.”

Congress is considering legislation to halt new flood insurance rates so the Federal Emergency Management Agency can complete an affordability study and determine the full impact of the law.

The median time on market for all homes was 67 days in January, down from 72 days in December and 71 days on market in December 2013. Short sales were on the market for a median of 150 days in January, while foreclosures typically sold in 58 days and non-distressed homes took 66 days. Thirty-one percent of homes sold in January were on the market for less than a month.

First-time buyers accounted for 26 percent of purchases in January, down from 27 percent in December and 30 percent in January 2013. This is the lowest market share for first-time buyers since NAR began monthly measurement in October 2008; normally, they should be closer to 40 percent.

All-cash sales comprised 33 percent of transactions in January, up from 32 percent in December and 28 percent in January 2013. Individual investors, who account for many cash sales, purchased 20 percent of homes in January, compared with 21 percent in December and 19 percent in January 2013. Seven out of 10 investors paid cash in January.

Single-family home sales fell 5.8 percent to a seasonally adjusted annual rate of 4.05 million in January from 4.30 million in December, and are 6.0 percent below the 4.31 million-unit pace in January 2013. The median existing single-family home price was $188,900 in January, up 10.4 percent from a year ago.

Existing condominium and co-op sales were unchanged at an annual rate of 570,000 units in January, and are 1.8 percent above a year ago. The median existing condo price was $188,700 in January, which is 13.0 percent above January 2013.

Regionally, existing-home sales in the Northeast declined 3.1 percent to an annual rate of 620,000 in January, and are also 3.1 percent below January 2013. The median price in the Northeast was $241,100, up 6.6 percent from a year ago.

Existing-home sales in the Midwest dropped 7.1 percent in January to a pace of 1.04 million, and are 8.8 percent below a year ago. The median price in the Midwest was $140,300, which is 7.6 percent higher than January 2013.

In the South, existing-home sales declined 3.5 percent to an annual level of 1.95 million in January, but are 1.6 percent higher than January 2013. The median price in the South was $161,500, up 9.4 percent from a year ago. Existing-home sales in the West dropped 7.3 percent to a pace of 1.01 million in January, and are 13.7 percent below a year ago. Sales in the West are attenuated by tight inventory in many areas, pushing the median price to $273,500, up 14.6 percent from January 2013.

The National Association of Realtors®, “The Voice for Real Estate

Custom Housing Reports

Monday, January 13th, 2014

Want to know more information about housing in your area? Blanchard & Calhoun offers custom housing reports. Get monthly reports about real estate in your area sent to your email.
Remember when you need a real estate company for your housing needs, Call Blanchard & Calhoun 706-863-8953

Happy Veterans Day

Monday, November 11th, 2013

 Blanchard and Calhoun Salutes the Military Men and Women who  serve  our country. Thank You for protecting our freedom and trying to make this world a better place. Blanchard & Calhoun is honored to have Veterans who work for us, our thoughts &  prayers are always with you and your family.

God Bless America

Ugh!!, What’s Wrong with My Garage Door ?

Tuesday, June 11th, 2013

Widespread problems involving garage door openers are now affecting the CSRA. The problem is affecting 40 million people around the country…and thousands of homeowners here in Augusta.

We have been tracking down information on this problem all day Monday and we learned that garage door openers use a frequency that is not licensed. That means…the frequency is up for grabs…

As part of the U.S. Department of Defense’s new state of the art communication system, the military has taken over the unlicensed frequencies which are mostly used by garage door remote openers, cordless phones, and even baby monitors. But, what’s deemed a help for military safety is a headache for local neighbors.

People in one typically quiet Augusta neighborhood have been clamoring over a problem that can’t be seen or heard…but it’s left a bad feeling.

“It was in the whole neighborhood. The guy up on the corner about two or three people in this block was complaining. Next door, the guy was complaining,” says homeowner William Bell.

Bell is among thousands of local residents who started having problems remotely opening their garages last Wednesday. It turns out, new frequency activity has rendered their remotes useless…shutting the door on their wireless access.

Garage door repair businesses like Overhead Door Company, in Augusta, were warned about the potential problem years ago. However, Steve Garrett says they were told WHAT could happen…but not WHEN…

“At the time that notification was sent out, we didn’t experience problems, so we thought we were fine. Since last Wednesday, we were swamped with several calls,” says Garrett.

We contacted Fort Gordon about the problem. In a statement, the command says, “Garage door openers operate on ‘unlicensed basis’ within the Federal Communications Commission (FCC) regulations on radio frequencies, known as FCC Part 15 rules. Because garage door openers operate as FCC Part 15 unlicensed devices, they must accept any interference that may occur from the authorized users of radio frequencies.”

Garrett says the problem can be solved, though. “You’ve got two options: either use of an external receiver, or replacing the unit,” he says.

For neighbors, that means amplified radio signals at Fort Gordon will lead to amplified inconvenience at home.

“I got to get out the car to open the garage door when I usually mash the button and it flies up,” Bell says.

According to an FCC Public Notice, issued in 2005…”the garage door opener manufacturers will help consumers who are experiencing problems. In some cases…they will provide a replacement transmitter and receiver to operate on a different frequency.”

If you live near Fort Gordon and have been having issues with your garage door opener? Fort Gordon officials may know why.

Read the text of the release below from the Fort Gordon Public Affairs Office:

“Unlicensed garage door openers near Fort Gordon may experience problems as local military radio systems transition to a new frequency range

Land mobile radios (LMR) used by the military at Fort Gordon and around the world are transitioning to use new frequencies, often the same frequency range used by some unlicensed consumer devices, such as garage door openers. This gradual transition has continued across the Defense Department since 2004; Fort Gordon began testing the system on the new frequencies last week.

Fort Gordon intended to conduct widespread public notifications on this transition; however, testing began earlier than expected.

Garage door openers operate on “unlicensed basis” within the Federal Communications Commission (FCC) regulations on radio frequencies, known as FCC Part 15 rules. Because garage door openers operate as FCC Part 15 unlicensed devices, they must accept any interference that may occur from the authorized users of radio frequencies. Some manufacturers of garage door openers, deeming that their risks of interference are generally low, have chosen to operate on frequencies between 380 MHz and 399.9 MHz that have been reserved for the US government and military services since World War II. DoD and the US military are fully authorized to use these frequencies, particularly for LMR systems that are necessary for force protection, law enforcement, firefighting, transportation management, and emergency medical first responders on military bases and installations.

Consequently, some consumers located near military bases may occasionally experience radio frequency interference to their garage door openers which can temporarily reduce the operating range of the wireless controls or cause the wireless control to stop functioning. This interference will not cause the garage doors to open or close by themselves, but rather they will temporarily simply not operate wirelessly. However, the installed hard-wired controls inside or outside of the garages will not be affected whatsoever by radio frequency interference, and will continue to electrically open and close the doors normally.

According to FCC Public Notice DA 05-424 of February 15, 2005, the garage door opener manufacturers stand ready to help consumers resolve any interference to their systems, including, in some cases, making available for consumer purchase, a replacement transmitter and receiver to operate on a different frequency than that used by US government or military services and mobile radio systems.

Consumers who experience problems with the garage door openers should contact their manufacturer or local repair shops for assistance.”
WJBF-TV ABC 6 Augusta-Aiken News, Weather, Sports

Thanks to our friends at WJBF News Channel 6′s and Dee Griffin for this story.