Pinehurst Area Real Estate Blog

The interest deduction costs the Treasury more than $80 billion a year according to sources and President Obama's 2011 Budget just announced surprised many in Washington for going after what has been called one of the "Sacred Cows".

The proposed budget, caps the value of itemized deductions based on a taxpayer's income, in essence eliminating the mortgage interest deduction for single taxpayers making more than $200,000 a year. ($250,000 joint returns).
 
The move is designed to raise nearly $179 billion next year by increasing taxes on wealthier Americans.

• Current law allows interest on up to $1 million in total mortgages on first and second homes to be deducted. The MID is highly regressive tax policy, meaning that the wealthiest people with the biggest mortgages benefit the most.
• Last year over 70% of homeowners with a mortgage used the benefit.

The National Association of Realtors (NAR) was quick to offer a stern warning that such a move would be counter-productive to the improving housing market. "This proposed change in the Mortgage Interest Deduction will result in further erosion of home prices and home values", a spokesman said.

The Mortgage Bankers Association also wieghed in by saying, "Reducing the federal deficit is vital to the long-term health of the US economy and our industry.  However, we believe it can and should be done without negatively impacting the already-fragile housing market."

What are your thoughts on the issue?... Will this impact the recovery?

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

"The friendship and referrals of those we serve is the foundation of our success." 

 Member of the Real Estate Intelligence Network 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

Connecting with the NC Home Team is a snap!

Airborne and Special Operations Museum | The Army's most modern and newest museum, the $22.5 million facility features film and video productions, interactive displays, rare artifacts and dramatic life-size exhibits about the history and adventures of airborne and special operations units. Hours: 10am-5pm, Tuesday through Saturday, and Noon-5pm on Sunday. Free. (910) 483-3003 Website 100 Bragg Boulevard (corner of Bragg Blvd. & Hay St.), Fayetteville, NC

Cumberland County, located between Southern Pines and Fayetteville, NC | This Army/Air Force duo comprise one of the world's largest military complexes. Ft. Bragg (largest Army base east of the Mississippi) is open to the public. Before you go, call about self or guided tours, (910) 396-5401 or 396-8015. Tours available 9am-4pm weekdays. Army Community Services: (910) 396-2473
Automated Directory Information: (910) 396-0011

Base sights include...

82nd Airborne Division War Memorial Museum | Exhibits of 3,000+ artifacts used by world-famous division from WWI to Desert Storm, plus film & gift shop. Open Tues.-Sat. 10am-4:30pm & Sun. 11:30am-4pm. Free. (910) 432-3443

JFK Special Warfare Museum | Military art/cultural items from around world, emphasizing Special Forces such as the "Green Beret." (JFK designated green beret for this group.) Gift shop. Open 11:00am-4pm Tues.-Sun. Free. (910) 432-4272 or 432-1533

JFK Hall of Heroes | Honors 17 Special Forces Medal of Honor recipients. 8am-4:30pm weekdays. Free.

Sicily Drop Zone | See trained paratroopers in action. Call (910) 396-6366 for jump schedule. Free.

Click PCS Military Relocation for relocation information about Fort Bragg and Pope AFB North Carolina.

Considering a move to the greater Pinehurst, NC area?... Click here for a FREE RELOCATION REPORT!

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

"The friendship and referrals of those we serve is the foundation of our success." 

 Member of the Real Estate Intelligence Network 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

Connecting with the Home Team is a snap!

Whether you live in a hot or cold part of the country, one of the best ways to improve energy efficiency and comfort is to make sure the shell of your home - the outer walls, ceiling, windows, doors, and floors - is properly sealed and insulated. Many homes have air leaks and insufficient insulation which means it takes more energy to heat and cool the home. An ENERGY STAR estimate shows that homeowners who undertake a sealing and insulating project can save up to 20% on heating and cooling costs.

Before adding insulation, a home should be inspected for air leaks. Some leaks, like those around windows and doors are easy to find. However the bigger problems are often the harder to find holes in attics, basements, and crawlspaces. All leaks found should be sealed with caulk, spray foam, or weather stripping. If your house has forced-air heating and cooling, check the seals of any exposed ducts in attics, basements, crawlspaces and garages, and fix leaks with duct sealant.

Once the air leaks have been remedied, then it is time to add the insulation. Insulation comes in many forms, including fiberglass, cellulose, rigid foam board, and spray foam. Before choosing a type of insulation you need to determine the insulation R-value you need for your area. The R-value rates the ability of the insulation to resist heat flow, with higher numbers being the most resistant.

View the Department of Energy fact sheet to find the recommended R-value insulation for your area.

Visit the ENERGY STAR website for information on any of the following issues...

• Home improvement projects
• Common home problems
• Home energy audits
• Air seal & insulation projects
• Efficient heating & cooling systems
• Available tax credits for improving or building an energy efficient home

Please contact us with your questions, comments and referrals.

Thanking you in advance...

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

"The friendship and referrals of those we serve is the foundation of our success." 

Member of the Real Estate Intelligence Network 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

National Golf Club is the only Jack Nicklaus signature course in Southern Pines. This 18-hole championship course is nestled among tall longleaf pines and features classic Jack Nicklaus architecture including wide fairways, lush course conditions, and undulating putting surfaces that are guaranteed to put your true golfing ability to the test. Ranked 14th among all courses in North Carolina, as determined by the NC Golf Panel, this private gated golf community offers the utmost in the golf experience. Accommodations in Club Cottages and Villas are available and within walking distance of the clubhouse.

One Royal Troon Drive | Village of Pinehurst, NC 28374 | (800) 471-4339| nationalgolfclub.com | MapIt

The 18-hole "National" course at the The National Golf Club facility in Pinehurst, North Carolina features 7,122 yards of golf from the longest tees for a par of 72 . The course rating is 75.5 and it has a slope rating of 138.  Designed by Jack Nicklaus, ASGCA, the National golf course opened in 1989.

Contact us or visit our website to learn more about the Pinehurst area and order your Free Relocation Report.

Search the Pinehurst Southern Pines MLS for all available properties matching your criteria.

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

"The friendship and referrals of those we serve is the foundation of our success." 

Member of the Real Estate Intelligence Network

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

Pinehurst Resort - Pinehurst No. 4  Was built in 1919 and received a facelift, by Tom Fazio in 1999, who kept the old name and the majority of Donald Ross's original routing, as a tribute to Ross. The "new course" was intoduced in 2000 and in 2008 was site of U.S. Amateur.

Offering some of the most picturesque scenes at Pinehurst and a challenge fit for championship golfers, Pinehurst No.4 is ranked among the Top 10 North Carolina Golf Courses and features elevated and are spacious crowned greens, which fall off quickly and are encompassed by dramatic rolls. Wide, elevated fairways drop into sandy waste areas that run the length of the hole. And 180 strategically placed bunkers humble bold strokes that get out of hand. The 18-hole course features 6,287 yards of golf from the longest tees for a par of 72 and the course rating is 70.8 and has a slope rating of 117. 

Pinehurst Resort, 80 Carolina Vista, Pinehurst, NC  28374 | (800) 795-4653 | www.pinehurst.com | MapIt

Contact us or visit our website to learn more about the Pinehurst area and order your Free Relocation Report.

Search the Pinehurst Southern Pines MLS for all available properties matching your criteria.

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

"The friendship and referrals of those we serve is the foundation of our success." 

Member of the Real Estate Intelligence Network

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

Forest Creek Golf Club is a private, gated community, featuring a par-72, Tom Fazio-designed golf course, that is ranked No. Seven of the Top 10 Golf Courses in North Carolina. Membership includes use of tennis and pool facilities and unlimited green fees. Located in Southern Pines, Forest Creek homes sell from $500,000 to $1.5 million.

Forest Creek Golf Club, 200 Meyer Farm Dr Pinehurst, NC  28374-8872 | (910) 693-1996 | MapIt

The 18-hole "South Course" at the Forest Creek Golf Club facility in Pinehurst, North Carolina features 7,067 yards of golf from the longest tees for a par of 72 . The course rating is 74.6 and it has a slope rating of 143 on Bermuda grass.  Designed by Thomas Fazio, ASGCA, the South Course opened in 1996.

Contact us or visit our website to learn more about the Pinehurst area and order your Free Relocation Report.

Search the Pinehurst Southern Pines MLS for all available properties matching your criteria.

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

"The friendship and referrals of those we serve is the foundation of our success." 

Member of the Real Estate Intelligence Network

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

Community Profile

Carthage, NC founded in 1784, is the county seat for Moore County. Carthage was once home to the world-renowned Tyson and Jones Buggy factory. Revisited annually during the its Buggy Festival, this era brought Carthage great prosperity that can still be felt throughout the area and seen in the numerous historic buildings of Carthage.

Housing Market Update

October 01, 2009 through to October 31, 2009 there were 04 Single Family Homes Sold. Average Sales Price $102,375. Average Days on Market (DOM) 85. During the same time frame there were 07 New Listings entering the market with the Average Asking Price $181,957.

View a full and printable version of the Housing Market Update at our website and please contact us with your questions, comments and referrals.

Click here to search and view all available properties in Carthage, NC

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

"The friendship and referrals of those we serve is the foundation of our success." 

Member of the Real Estate Intelligence Network 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

Community Profile

Moore County is located in North Carolina and as of 2000, the population was 74,769. The county seat is Carthage.

Founded in 1784, it was named for Alfred Moore, an officer in the American Revolutionary War and associate justice of the Supreme Court of the United States.

Moore County has many golf resorts in the Southern Pines/Pinehurst area, and has played host to the 1996 and 2001 Women's U.S. Opens as well as the 1999 and 2005 Men's U.S. Opens. The Women's Open returned to Southern Pines in 2007.

As a result of the area's rare combination of prestige and isolation, many celebrities escape to this area from time to time. Among those who frequent or have private homes in the area are Michael Jordan, Tiger Woods, Jack Nicklaus, and Sean Connery. Past residents of the area include Annie Oakley, Adlai Stevenson, Harvey Firestone, and John D. Rockefeller.

According to the U.S. Census Bureau, the county has a total area of 1,828 km² (706 sq mi). 1,807 km² (698 sq mi) of it is land and 21 km² (8 sq mi) of it (1.13%) is water.

As of the census² of 2000, there were 74,769 people, 30,713 households, and 21,959 families residing in the county. The population density was 41/km² (107/sq mi). There were 35,151 housing units at an average density of 19/km² (50/sq mi). The racial makeup of the county was 80.25% White, 15.50% Black or African American, 0.68% Native American, 0.44% Asian, 0.05% Pacific Islander, 2.20% from other races, and 0.88% from two or more races. 3.99% of the population were Hispanic or Latino of any race.

By 2005 78.0% of the county population was non-Hispanic whites. 5.1% of the population was Latino. 14.8% of the population was African-American.

There were 30,713 households out of which 26.70% had children under the age of 18 living with them, 58.10% were married couples living together, 10.20% had a female householder with no husband present, and 28.50% were non-families. 24.90% of all households were made up of individuals and 11.30% had someone living alone who was 65 years of age or older. The average household size was 2.38 and the average family size was 2.81.

In the county the population was spread out with 22.10% under the age of 18, 6.60% from 18 to 24, 25.80% from 25 to 44, 23.80% from 45 to 64, and 21.80% who were 65 years of age or older. The median age was 42 years. For every 100 females there were 93.00 males. For every 100 females age 18 and over, there were 89.80 males.

The median income for a household in the county was $41,240, and the median income for a family was $48,492. Males had a median income of $31,260 versus $23,526 for females. The per capita income for the county was $23,377. About 8.00% of families and 11.40% of the population were below the poverty line, including 16.60% of those under age 18 and 10.10% of those age 65 or over.

Cities and towns found in Moore County include: Cameron, Carthage, Foxfire, Pinebluff, Pinehurst, Robbins, Seven Lakes, Southern Pines, Taylortown, Vass, West End and Whispering Pines.

Housing Market Update

October 01, 2009 through to October 31, 2009 there were 82 Single Family Homes Sold. Average Sales Price $221,871 Average Days on Market (DOM) 165. During the same time frame there were 195 New Listings entering the market with the Average Asking Price $357,929.

View a full and printable version of the Housing Market Update at our website and please contact us with your questions, comments and referrals.

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

"The friendship and referrals of those we serve is the foundation of our success." 

Member of the Real Estate Intelligence Network 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

There is breaking news on the tax credit and the highlight is... there may well be a credit for EXISTING homeowners ($6500).  We are tracking the issue as you read this...

Under the compromise reached Wednesday, the existing $8,000 credit would be extended for first-time home buyers who sign a contract for a home by the end of April 2010  and close by the end of June. 

It also creates a $6,500 credit for people who buy a home but have owned a home for at least five consecutive years out of the past eight years. 

The income limit would be raised to $125,000 a year for individuals and $225,000 for married couples, up from the current income limits of $75,000 and $150,000, respectively. 

Check our blog often for the latest information on this and other important Real Estate Matters!

For information about North Carolina Real Estate and Relocation contact us or page down to visit the Real Estate Intelligence Network for a collection of resources designed to empower buyers and sellers of real estate in the Pinehurst Pinehurst North Carolina area.

With our highest regard,                                                           

Wayne and Lynda Gomillion, Brokers
"The Trusted Names in NC Real Estate"

"The friendship and referrals of those we serve is the foundation of our success." 

Member of the Real Estate Intelligence Network 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

Community Profile

Moore County is located in North Carolina and as of 2000, the population was 74,769. The county seat is Carthage.

Founded in 1784, it was named for Alfred Moore, an officer in the American Revolutionary War and associate justice of the Supreme Court of the United States.

Moore County has many golf resorts in the Southern Pines/Pinehurst area, and has played host to the 1996 and 2001 Women's U.S. Opens as well as the 1999 and 2005 Men's U.S. Opens. The Women's Open returned to Southern Pines in 2007.

As a result of the area's rare combination of prestige and isolation, many celebrities escape to this area from time to time. Among those who frequent or have private homes in the area are Michael Jordan, Tiger Woods, Jack Nicklaus, and Sean Connery. Past residents of the area include Annie Oakley, Adlai Stevenson, Harvey Firestone, and John D. Rockefeller.

According to the U.S. Census Bureau, the county has a total area of 1,828 km² (706 sq mi). 1,807 km² (698 sq mi) of it is land and 21 km² (8 sq mi) of it (1.13%) is water.

As of the census² of 2000, there were 74,769 people, 30,713 households, and 21,959 families residing in the county. The population density was 41/km² (107/sq mi). There were 35,151 housing units at an average density of 19/km² (50/sq mi). The racial makeup of the county was 80.25% White, 15.50% Black or African American, 0.68% Native American, 0.44% Asian, 0.05% Pacific Islander, 2.20% from other races, and 0.88% from two or more races. 3.99% of the population were Hispanic or Latino of any race.

By 2005 78.0% of the county population was non-Hispanic whites. 5.1% of the population was Latino. 14.8% of the population was African-American.

There were 30,713 households out of which 26.70% had children under the age of 18 living with them, 58.10% were married couples living together, 10.20% had a female householder with no husband present, and 28.50% were non-families. 24.90% of all households were made up of individuals and 11.30% had someone living alone who was 65 years of age or older. The average household size was 2.38 and the average family size was 2.81.

In the county the population was spread out with 22.10% under the age of 18, 6.60% from 18 to 24, 25.80% from 25 to 44, 23.80% from 45 to 64, and 21.80% who were 65 years of age or older. The median age was 42 years. For every 100 females there were 93.00 males. For every 100 females age 18 and over, there were 89.80 males.

The median income for a household in the county was $41,240, and the median income for a family was $48,492. Males had a median income of $31,260 versus $23,526 for females. The per capita income for the county was $23,377. About 8.00% of families and 11.40% of the population were below the poverty line, including 16.60% of those under age 18 and 10.10% of those age 65 or over.

Cities and towns found in Moore County include: Cameron, Carthage, Foxfire, Pinebluff, Pinehurst, Robbins, Seven Lakes, Southern Pines, Taylortown, Vass, West End and Whispering Pines.

Housing Market Update

September 01, 2009 through to September 30, 2009 there were 69 Single Family Homes Sold. Average Sales Price $262,501 Average Days on Market (DOM) 149. During the same time frame there were 186 New Listings entering the market with the Average Asking Price $399,886.

View a full and printable version of the Housing Market Update at our website and please contact us with your questions, comments and referrals.

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

"The friendship and referrals of those we serve is the foundation of our success." 

Member of the Real Estate Intelligence Network 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog