The Olde Beaufort Farmers' Market is Almost Here!

 
 

The Olde Beaufort Farmers’ Market’s 8th annual Olde-Fashioned Holiday Market is right around the corner!

 Excitement is building and our community is buzzing about this special evening event coming up on the courthouse grounds on December 17th from 4 until 8 PM.

Plans are in place for 100 booths filled with farmers, bakers, fishermen, artists, and craftspeople ready to fill all your holiday needs and wishes.  Shopping begins at 4 o’clock at which time the grounds will be energized by those who have come to buy the perfect gifts for friends and family, and food for their holiday parties and meals.

As the darkness begins to fall and vendors’ lit and decorated booths twinkle under the giant old live oaks, the magic of this open air market illuminates the night as joy and love fill the space.  Santa and his elf in their golf cart will stop by to visit with kids, young and old, and holiday music will drift through the air.

Get more info here.

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Clutter Free Gift Ideas for the Holidays

 
 

It’s so easy to get overwhelmed and fill your holiday shopping list with items that will sit on the shelf or get tossed, right?

Here are some clutter free gift ideas for you think about for your loved ones this holiday season!

  • Local experiences - Create a memory by giving tickets to a concert, sporting event or a certificate for a local restaurant

  • Learn something new - Build skills with a class that can be a fun time together - cooking,painting, pottery, or scuba diving!

  • Lend a hand at home - Help pick up a tedious home task by giving a cleaning service, home organizer or laundry service

  • Annual membership - A gift of access to the local Botanical Garden, zoo, or state parks will keep giving year round!

  • Fill their stomach - Sweet treats are always a hit, homemade or store bought! Pair with your favorite winter beverage

If you need a recommendation for a great local experience or vendor, please reach out!

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Lower mortgage rates stabilize the housing market

 
 

After a waterfall dive, purchase applications data finds its footing for now

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? Now, with five weeks of data in front of us, we can say they have stabilized the market.

Purchase application data came out on Wednesday and the week-to-week data was down 3%, breaking the streak of four straight weeks of growth. The year-over-year data declined 40%, the smallest year-over-year decline since Oct. 19.

For months I have been saying we were going to have challenging comps from October to January because last year at this time mortgage volume was rising — a rare event this late in the year.

Because of that, we should all expect declines of 35%-45% year over year during this period. If things were getting weaker, 53%-57% negative year-over-year declines would be in play. However, mortgage rates have fallen more than 1% since the recent highs, so it’s time to look at the data to explain how to interpret it.

The bleeding has stopped

First and foremost, the bleeding has stopped in this data line, but the context is critical here. We had a waterfall dive in this data line and adjusting to the population, we hit an all-time low, so let’s put the bounce from the lows in context. This isn’t like the COVID-19 recovery where the data was getting noticeably better on a year-over-year metric; the purchase application data just stopped going down.

For now, just think of it as stabilization and we need to see more of this to make a valid premise that the worst is behind us.

 
 

As you can see from the chart above, the last several years have not had the FOMO (fear of missing out) housing credit boom we saw from 2002-2005. Accordingly, we also haven’t had a credit bust in the data line.

What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008.

As we can see below, none of that is happening today because the seller isn’t stressed.

Total inventory levels

NAR: Total Inventory levels 1.22 million
Historically inventory levels range between 2 million and 2.5 million, the equilibrium balance between a buyer and seller marketplace that has been here for four decades. Only from 2006-2011 did we see this break due to forced sellers who couldn’t buy homes.

Keep reading.

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How to Prepare Your AC Unit For The Winter Months

 
 

As winter approaches, you’ll want to get your home’s air conditioner prepared for the cold season.

Even though you likely won’t be turning on your AC anytime during the winter, it’s still important that you perform certain tasks to help ensure that your unit remains up to standard so that it will be ready to use again when the warmer weather returns.

Shut Off Power to the Unit
Even though your air conditioner will be set to the off mode, you should still make sure that no power is being supplied to your unit. If your unit is still able to receive power, your AC might turn on automatically if you have an unusually warm winter day, and this could waste energy along with your hard-earned money. The switch to shut off power to the unit is usually red and may be located either inside or outside of your home.

Remove Dirt and Debris
Your AC unit has likely accumulated a lot of dirt and debris throughout the year and giving your unit a good cleaning can preserve it better. Cleaning brushes can be used to remove much of the dirt and debris from areas that are accessible. A commercial cleaning solution or a mixture of water and mild detergent often works well for cleaning AC coils.

Hire Maintenance Professionals
AC maintenance professionals, such as those from STA SO COOL HVAC, or another company in your area can do the repairs and upgrades that are necessary to ensure that your air conditioner will last through the winter and be ready to use during the warmer months. These professionals can inspect your system for any problems and perform other tasks like adding coolant, replacing filters, and replacing any damaged parts.

Cover the Unit
No matter if you have a window or central AC system, any portions of your unit that are exposed to outdoor elements should be kept covered during the winter. A reliable cover can keep your unit cleaner and prevent damages that are often caused by freezing weather and other outdoor elements. You can choose from different AC unit covers that are made with insulation materials and fit your type of air conditioner.

Even though the hot season may be over, you shouldn’t forget to give your air conditioner the care that it needs to still function when you need it again. Experienced AC contractors can assist you with any preparation work and offer additional services that may benefit your unit when the weather turns chilly.

Get more tips like this on RISMedia.

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Open Dining Is Out—It's Time To Welcome Back The Formal Dining Room In 2023

 
 

In the fight to idealize our homes, dining rooms have been a devastating casualty.

For many eager to embrace wide, free spaces and opportunities for family time, the dining room fell victim to open floor plans. For others, world events forced the dining room’s transition from a space for family dinners to one meeting newfound homebound needs like home offices, homework stations, or even makeshift home gyms. Before our very eyes, dining rooms have disappeared.

But enough is enough. We miss dining rooms, and we’re not afraid to say it. For too long, they may have been overlooked, but moving into 2023, we’re reclaiming the dining room. In 2022, we leave behind the fad of not having a formal dining area. As luck would have it, the reviews are in and designers agree: Dining rooms are trendy again. Can I get an amen?

Welcoming Back The Formal Dining Room

“For a while, we’ve seen a lot of big, open floor plans where the kitchen, dining, and living fits in one big box, but I think we’re coming back to doing more traditional layouts with separate dining spaces that make things a little more intimate,” says the Louisiana-based principal designer of Thomas Guy Interiors, Lance Thomas. A dining room fan himself, he's noticed an increase in clients requesting formal dining spaces.

Like Thomas, we’re excited about this shift. We’re tired of eating in the kitchen, which is also the living room, and also the family room. And while the open floor concept had the best intentions of bringing family together, we’re tired of just seeing our loved ones more without really having quality time. While an open floor plan gets lost in the hubbub of everyday, a dining room is a place of coming together with loved ones intentionally and focusing on nothing more than a good meal and each other. 

"Bringing people back to more of a communal dining space allows people to reconnect. It’s the only space in the house where you’re not idling or just sitting around,” says Thomas. “Even a casual meal in a formal dining room allows you to reconnect with people and disconnect from technology.”

We don’t always agree with the trends, but this is one we can get behind. We’re firmly on the dining room train because it’s a special place with the power to shift interactions in the home. Plus, the design potential is downright exciting.

Designing A Dining Room

“A lot of people don't realize that keeping rooms separate actually allows for more creativity throughout your home,” reveals Savannah McPartland, design partner at Haddy House Interiors in Houston. “In a dining room, you can really take things to the next level and bring in rich hues, wallpaper, or creative picture frame molding, as opposed to limiting yourself to one color palette like you would if you have an open floor concept. You can do so much more to make a space pop.”

Thomas agrees that separate rooms allow you to personalize your home more and be adventurous in your design. You don’t have to worry about rooms clashing with each other like in an open concept space. Go all out with bold paint choices, textures, wall moldings, and high contrast elements that suit your personal style, no matter what the room over looks like. Have fun with it.

“A lot of times people think the jewel box space—where you can make some bold choices— is the powder room, but I think the dining room is the next jewel box space,” says Thomas.

Creating The Effect In An Open Floor Plan

If you drank the Kool-Aid on the open floor plan fad but crave the intentionality and quality time afforded by a dining room, Thomas recommends doing everything possible to create “a room within a room.”

“It’s important to designate the space for what it is,” he says. “I would start by doing everything you can in your open floor plan space to make it feel special again.” Do this by anchoring that section of the open room with a rug to mark its separation, hanging a unique lighting fixture over the space that’s different from the rest of the room’s lighting, and strategically placing a sideboard or bar cart to section off the dining space. 

With physical barriers created, establish social boundaries as well for your newfound dining area. It’s now a place of connection and quality time to be appreciated. We’ve made the mistake of neglecting the need for a dining room once and we won’t be doing it again.

Get more like this on Southern Living.

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If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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