According to the Census Bureau, building permits for housing units have jumped by 10 percent since March, increasing to a seasonally adjusted annual rate of 1.143 million nationally. Since April, housing starts have increased by 20 percent, with a seasonally adjusted annual rate of 1.135 million, the highest number since November 2007.
Although both numbers were higher than some economists expected, a new housing boom is thought to be unlikely. Overall home builders’ confidence in the housing market declined by 2 points this month, dropping to 54, according to the National Association of Home Builders’ monthly index. A favorable index score is 50, indicating that more builders view conditions as good rather than poor. Even with the slight decline, the index score is more favorable than a year ago; the index then was only at 45.
NAHB Chief Economist David Crowe said that even though many consumers “want to be on more stable footing before purchasing a home,” home builders’ sales expectations have been increasing all year, “mortgage rates remain low, and house prices are affordable. These factors should spurt the release of pent-up demand moving forward.”
Initial article posted in The Charlotte Business Journal. “Housing starts hit seven-year high as builders see pent-up demand”, Kent Hoover, 19 May 2015.
This week’s featured listing resides in Skyecroft, an exclusive gated community in Union County. This high end neighborhood offers access to a clubhouse, Junior Olympic-sized swimming pool, lighted tennis courts, and an adjoining lake.
7913 Sky Lochs Drive $1,590,000
This European inspired estate radiates warm allure and sophistication with its incredible design and thoughtful floor plan. With exterior and interior transitional spaces rich in fluidity, this home comes with the capacity to enjoy and entertain. Amenities include a chef’s dream kitchen, elegant dining room, rich appointed study with built-ins, a luxurious master suite with grand bath, and media room with wet bar.
For a personal tour or more information on our featured listing, please contact Nicholas Peters at (704) 264-4080.
Our newest listing is located within the prestigious gated community Stratford on Providence. Right off of Providence Rd., this luxurious Waxhaw community combines large wooded areas and custom homes, providing ample space for outdoor entertaining with privacy.
5037 Oxfordshire Road $1,085,000
This spacious single-family estate is on 1.85 acres and features 7000 sq. ft. with 5 bedrooms, 5 full and 1 half baths, gas fireplaces, 2 gourmet kitchens, and a 3-car garage. This custom home is clearly designed for both entertainment and relaxation with the inclusion of a full basement in-law suite with a private bath, home theater, exercise room, living area, game room with abundant space for a pool table and full kitchen.
Contact Nicholas Peters (704) 264-4572 for a more in-depth look at this dream home!
Another week, another Spring birthday! This time we’re celebrating the oldest Peters boy reaching the ripe ol’ age of nine. He started the day with Miriam Peters’ signature birthday bear pancakes before school.
Today’s Tasty Tuesday is a total treat! For Caleb’s 9th birthday, Miriam Peters made Whole Wheat Hi-hat cupcakes – a chocolate cupcake with a marshmallow frosting dipped in a hard chocolate coating. Although it takes a bit more effort and time in the kitchen than our usual shared recipe, it’s well worth it. Trust us; they’re kid-approved.
For the Cupcakes:
3 ounces bittersweet chocolate, finely chopped
⅓ cup Dutch-processed cocoa powder
¾ cup hot decaf coffee
¾ cup whole wheat bread flour
¾ cup granulated sugar
½ teaspoon salt
½ teaspoon baking soda
6 tablespoons coconut oil
2 teaspoons white vinegar
1 teaspoon vanilla extract
For the Frosting:
1¼ cups granulated sugar
3 egg whites, at room temperature
¼ cup water
¼ teaspoon cream of tartar
1½ teaspoons vanilla extract
For the Chocolate Coating:
12 ounces semisweet chocolate, finely chopped
3 tablespoons coconut oil
Make the Cupcakes: Preheat oven to 350 degrees F. Line a standard-size muffin pan with liners. Place the chopped chocolate and cocoa powder in a medium bowl. Pour the hot coffee over the mixture and whisk until smooth. Refrigerate mixture for 20 minutes.
Meanwhile, whisk together the flour, sugar, salt and baking soda in a medium bowl; set aside.
Whisk the oil, eggs, vinegar and vanilla extract into the cooled chocolate mixture until smooth. Add the flour mixture and whisk until smooth.
Divide the batter evenly between the muffin pan cups. Bake until the cupcakes are set and just firm to the touch, 17 to 19 minutes. Cool the cupcakes in the pan on a wire rack for 10 minutes, then remove the cupcakes from the pan and place on the wire rack to cool completely, about 1 hour.
Make the Frosting: In the bowl of an electric mixer, whisk together the sugar, egg whites, water and cream of tartar. Set the bowl over a pan of barely simmering water and whisk until sugar is dissolved and the mixture reaches 160 degrees F on an instant-read thermometer. Transfer the bowl to a stand mixer fitted with a whisk attachment and beat on high speed until the frosting forms stiff peaks, about 12 to 16 minutes. Add the vanilla extract and beat until combined.
Transfer the frosting to a large pastry bag fitted with a ½-inch round decorating tip. Pipe a high swirl of frosting onto the top of each cupcake. Transfer the cupcakes to a baking sheet and refrigerate while preparing the chocolate coating.
Make the Chocolate Coating: Combine the chocolate and oil in a medium heat-proof bowl set over a saucepan of barely simmering water and stir until melted and smooth. Transfer to a small (deep) bowl, and cool to room temperature.
Holding each cupcake by its bottom, quickly dip each cupcake into the chocolate to coat the frosting, and place on a wire rack. Let the cupcakes stand at room temperature 15 minutes, then refrigerate for 30 minutes uncovered. Place in a covered container and refrigerate 2 additional hours before serving. Cupcakes can be refrigerated for up to 3 days.
According to the Charlotte Regional Realtor Association, residential property sales have risen 14 percent since April 2014. Carolina Multiple Listing Service (CMLS) figures show an increase in homes sold in the region too, reporting 3,408 homes were sold last month compared to 2,989 homes sold the same month one year prior.
As more homes sale in Charlotte, the market prices increase. The average listed price for homes on the market last month was $241,176, up 8.6 percent from a year earlier. During that same time period, the median sales price also increased by 8.6 percent to $190,000.
Maren Brisson-Kuester, president of the association and CMLS, sees the growth as an inevitable issue if more listings are not made available in the near future for Charlotte home buyers. “Pending contract activity is up 40 percent compared to a year ago, reflecting the healthy growth of our market… However, demand across the [CMLS] region is exceeding supply, resulting in the steady price increases the market is experiencing. This should subside if we get more listings to equalize the market, but otherwise it could challenge future affordability. For now, though, housing remains affordable across the region.”
Mother’s Day – like most nationally recognized holidays – is a Sunday spent together with family. We celebrate the strong women that kissed our booboos when we fell, picked us back up, and encouraged us to try again. Mothers are the staples in all of our lives at Peters & Associates, Inc., and we’re lucky to spend the majority of today with them.
Our second installment of Featured Listing Friday presents a gorgeous home in Cabarrus County. The location is ideal for a family that wants to have all the amenities of the city without being in Charlotte. Located in King’s Crossing, a small subdivision with a strong sense of community, this idyllic home is within walking distance of the distinguished Cannon School, five minutes from Concord’s Motor Speedway and Concord Mills, and fifteen minutes from Charlotte.
5901 Moray Court $594,900
This spacious single family home exudes All-American charm while still providing sophisticated elegance. The current owners have replaced the windows, AC units, and lighting, refinished the wood floors throughout, and remodeled the master bath and kitchen! Other features include a custom home theater with projector, smart-home automation, 2-car garage, exercise room, and open foyer and family room. With 4,400+ sq. feet, 5 bedrooms, 3/1 baths, and community access to tennis courts, pools, and walking trails, this home provides combined comfort and luxury for a great price!
For more information about this home or any other Featured Listing, contact Nicholas Peters at (704) 264-4572.
This past weekend was spent in celebration of birthdays and family at the Peters’ abode. With 15 people – adults and kids ranging from ages 1 to 15 – a homemade dinner can easily become a burden. However, head chef and multi-tasker extraordinaire, Miriam Peters, always has something delicious cooked up to feed the hungry masses. For dessert this week, Chef Peters chose to make a fruit salad rich with antioxidants, vitamins, and, best of all, flavor.
Fresh Berry Salad with Honey Lime Sauce
Estimated Prep. Time: 5 minutes
All you need is your berries (she selected strawberries, blackberries, and blueberries), honey, a lime, and fresh ginger mint. Quarter the strawberries. Rinse the blackberries and blueberries, then add. In a separate bowl, mix 1 Tbsp. of honey with freshly squeezed lime juice. Pour over your fruit. Top the fruit salad with some thinly sliced ginger mint and voila!, you have a tastily sweet fruit salad to satisfy kids and adults alike.