Category Archives: Newspaper

Newspaper reporter loves “enchanting modern home”

I listed a unique exec-style home yesterday. The seller happened to have an old newspaper clipping from The Dispatch that was written perhaps in the late 60′s or early 70′s when the newspaper featured the home in its HOMES section. There’s no date on the yellowed article, so we’re not sure when the home was actually featured.

Since the home was totally updated and remodeled in the 90′s, keeping with the original unique design but adding on a 3rd floor, it was interesting to read the newspaper’s take on the design. I enjoyed (was amused) at some of the descriptions used by the Dispatch writer:

  • “Enchanting design – more than a mere conversation piece.” (yes, very true!)
  • It has a “myriad of nooks, crannies and turns and its elastic use of space, the plan is a child’s delight; an adult’s idea of enchanting excitement”. (I’ve no idea what an ‘elastic use of space’ is … so don’t ask!)
  • “At one side, the ceiling soars, the floor falls away and you have a bird’s-eye view into a “well”, which is the lower level living room.” (Perhaps, having a floor ‘fall-away’ is not quite the description I would use …)
  • “… the eye finds fascination in angles and spaces.” (OK, I agree with this.)
  • ” … to cozily encompass a one-step dropped area rimmed with built-in seating.” (the home has a step-down conversation pit around a wood stove which is a wonderful place.)

I doubt that this Dispatch reporter is still in the business, but I really did enjoy reading her article. I’ll be posting on this home tomorrow or Monday. I’ll have to remember to add some of these phrases … right after I determine what that elastic phrase means … perhaps “versatile”? I do like the “eye finds fascination” as this home is one of those where you want to stand in one spot and do a 360° turn in many of the rooms to totally capture the entire “bird’s-eye view“.

I would LOVE to have this same reporter see the home since its major remodel in the 90′s. It’s even more spectacular now … or as she would say, “even MORE of an enchanting design“.

Copyright © 2009. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Are You Friggin’ Kidding Me!!!!!

Sorry for my language but this is ridiculous! Thanks to a client’s tweet (on Twitter), he alerted me to this Reuter’s article posted yesterday. I can’t believe it!

A lawmaker, Frank Nicastro, in Connecticut wants their state government to rescue a couple local papers who are scheduled to be shutdown because their publisher, Journal Register, is being crushed by millions of dollars of debt.

Those newspapers aren’t the only ones in trouble but the demise of newspapers has been coming for years. It’s not just a 2008 issue. The Internet has put newspapers on the “endangered species” list … that and their exorbitant advertising costs.

Saying they need to be “saved” with a bailout is the same as saying that Smith-Corona typewriters should have been saved because they were replaced by computers.

The real estate industry has been moving away from newspapers for years! That’s not where buyers search for homes. Buyers use the Internet because it’s easier, there’s far more info on the home, and the photography … well the crappy off-register photos in the paper are just no match for the Internet. It’s just not the way to get a home sold anymore and having the real estate industry pull their advertising dollars out has had a significant impact on newspapers.

Real Living HER stopped running their large open house list in The Dispatch early in the decade. That open house list is now available on the RL web site. It’s so much easier for buyers to search for a given suburb or a specific price range on this web site. I frequently have open house guests carrying a print-out of the homes they plan to visit during the afternoon – printed from the RL list.

I went to Sat-Sun delivery of The Dispatch several years ago. This past year, I even dropped the weekend delivery. I didn’t like wasting trees. Way back in the early 80′s, The Dispatch was an afternoon paper. The news was pretty current with whatever happened earlier in the day, plus, I enjoyed reading after dinner when I had the time. Then they bought out the failed Citizen-Journal, which was a morning paper. Soon after the purchase, The Dispatch changed to a morning paper which I questioned because after all the CJ morning paper had already failed. So not only was the news old by the time it was delivered, but I didn’t have time in the morning to read it before leaving for work. By the evening when I did have time, it was really old news.

Then came the Internet and life hasn’t been the same since.

“Former Miami Herald Editor Tom Fiedler said that a democracy has an obligation to help preserve a free press.”

We DO have a “free press”. It’s called the Internet and all Americans are free to publish … just as I’m doing here. It’s a far more democratic and open system than restricting the news to what few biased editors decide we SHOULD read.

Copyright © 2008. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Two interesting surveys

A recent CBR email contained links to a couple of interesting articles that I’ll pass along.

One link was to Wall Street Journal’s Market Watch article on the Top Ten metro areas for doing business. Columbus made it to the Top Ten this year. The article noted that Columbus has avoided the “Rust Belt” troubles of other Ohio cities, like Cleveland, but this has been the case for years thanks to Columbus’ more diverse economy. The article goes on to note that OSU is a primary reason, however, since the person making the claim is a dean at OSU, perhaps he’s not quite as objective as he should be. Being the State Capital with all the State government offices is pretty important and there are also a number of corporate headquarters located here as well. The quote from this dean, Steve Mangum, that many citizens would agree with is the personality of the city …

Locals like the intimate nature of the city. “It has a small-town feel to it, but it’s the [30th] largest city in the country,” Mangum said. “There’s something about the spirit of this place.”

The second link was to an article on the National Association of Home Builders’ web site regarding a survey conducted in conjunction with the AARP to determine Baby Boomer’s moving plans.

  • 26% expects to move in the future, with the majority looking for a single-level home. (Did they need to do a survey to learn this? It’s our creaky knees, folks!)
  • Boomer men are more likely than boomer women to believe they’ll move into a newer home (61% vs 42%).
  • Boomer women are more likely to think they will move into a smaller home (54% vs 41%). (Maybe this has to do with housecleaning!)

At one point the article says that boomers will “reflect the patterns of earlier generations and mostly age in place”. I think that’s what I’ll be doing … aging in place …  and I’m sure my daughters hope that as well rather than moving in with them! :-)

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Which housing stat do you want … and I’ll produce it!

According to the House Watch data published in The Dispatch’s Sunday paper, there are still fewer homes for sale this year at higher prices than last year. This data comes from the Columbus Board of Realtors® and includes the counties of Franklin, Delaware, Madison, Morrow, Union, and some listings of Fairfield, Knox, Licking, Logan, Marion and Pickway.

Number of homes for sale
  4/24 5/1 5/8 5/22 5/29
2008 Homes for sale 16,947 16,877 17,342 17,593 17,681
2007 Homes for sale 18,095 18,240 18,513 18,530 18,548
% Chg ’08 vs ’07 -6.3% -7.5% -6.3% -5.1% -4.7%
Prices of homes for sale
  4/24 5/1 5/8 5/22 5/29
2008 Avg Price $225,271 $225,968 $225,065 $225,410 $225,644
2007 Avg Price $220,077 $220,231 $221,144 $224,816 $224,902
% Chg ’08 vs ’07 +2.4% +2.6% +1.8% +2.6% +3.3%

 

 

Also in yesterday’s paper was page after page of data on the foreclosure impact and the number of subprime mortgages by area that may be resetting in the future. It was ”doom & gloom” reporting and if you only viewed the headlines you might think the real estate market was still in dire straits. 

Now I’m not saying all is hunky-dory, but you really need to look beyond the attention-grabbing headlines. The reality is that a LOT of agents are really busy. Homes are going into contract and being sold at 96%-97% of the list price. Some homes are getting multiple offers.

So what’s causing the disconnect between what I see vs what The Dispatch is reporting? It’s location, location, location. The area that I primarily work and meet with other agents, is in southern Delaware County. The Dispatch maps showed the Powell area in green meaning prices are still rising. The Lewis Center area was flat to a minor decline. The agents quoted in the articles work closer to downtown Columbus, which tended to have higher price declines according to the Dispatch maps.

Once again, be careful of what you read or hear, as the media tends to skew the data to give the best headlines … and headlines are what sell newspapers.

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Higher list prices with fewer homes for sale

Here’s another update on the House Watch data published in The Dispatch’s Sunday paper. The number of homes for sale and the prices for these homes are increasing slowly this year.

More notable is the difference of this year vs last year’s data. There are 7.5% fewer homes for sale now but their asking price is 2.6% higher than last year. This is REALLY important news for Buyers who have been hesitant to act.

Number of homes for sale
  4/3 4/10 4/17 4/24 5/1
2008 Homes for sale 16,345 16,531 16,726 16,947 16,877
2007 Homes for sale 17,312 17,667 17,863 18,095 18,240
% Chg ’08 vs ’07 -5.5% -6.4% -6.4% -6.3% -7.5%
Prices of homes for sale
  4/3 4/10 4/17 4/24 5/1
2008 Avg Price $223,609 $224,205 $224,894 $225,271 $225,968
2007 Avg Price $217,846 $219,219 $219,657 $220,077 $220,231
% Chg ’08 vs ’07 +2.6% +2.3% +2.4% +2.4% +2.6%

This data comes from the Columbus Board of Realtors® and includes the counties of Franklin, Delaware, Madison, Morrow, Union, and some listings of Fairfield, Knox, Licking, Logan, Marion and Pickway.

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Home Prices UP … the number for sale is still DOWN.

Here’s an update to a post I did April 13 on The Dispatch’s House Watch chart. The chart’s data didn’t change substantially from last week.

There are still 6.4% fewer single-family homes for sale at prices that are 2.4% higher than the same time last year.

Number of homes for sale
  4/3 4/10 4/17
2008 Homes for sale 16,345 16,531 16,726
2007 Homes for sale 17,312 17,667 17,863
% Chg ’08 vs ’07 -5.5% -6.4% -6.4%
Prices of homes for sale
  4/3 4/10 4/17
2008 Avg Price $223,609 $224,205 $224,894
2007 Avg Price $217,846 $219,219 $219,657
% Chg ’08 vs ’07 +2.6% +2.3% +2.4%

 

This data comes from the Columbus Board of Realtors® and includes the counties of Franklin, Delaware, Madison, Morrow, Union, and some listings of Fairfield, Knox, Licking, Logan, Marion and Pickway.

Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.