Category Archives: National & State News

Home Price Comparison Across North Carolina

Homes prices can differ radically between counties here in the mid coastal region of North Carolina. But how do we compare in price and market with the rest of the state? You might be surprised where the cheapest homes are and what market place is doing the best. The North Carolina Association of Realtors gathers monthly data from all of its participating multiple listing service (MLS) members across the state. The most recent data just released is for September. It showed that the average sold price...
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Crystal Coast Home and Mortgage Report

Local conditions affect price. National conditions affect financing. There have been a lot of changes nationally that affect the sale of real estate locally . Let’s take a look at what they are. The National Association of Home Builders report that as of September, “291 metropolitan areas across the country now qualify as improving housing markets”. This is determined by looking at local employment, new construction permits issued and home appreciation rate. 80 percent of the designated…

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Flood Insurance Act Increases Rate

Flood insurance. It is a necessity for a good portion of home and business owners along coastal North Carolina. Flood insurance is a necessity that can save you if impacted by an event but can also feel like it can break you if the rates are too high. The rates started a mandatory rise due to an Act passed last year by Congress. Fortunately not everyone will be affected by this increase….

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Mortgage Interest Rates On 5 Week Rise

Mortgage interest rates are on the rise. For five consecutive weeks 30 year fixed mortgage interest rates have gone up and it has caused a panic in both the lending and housing markets. The weekly rise has averaged 10 points bringing interest rates that were around 3.50 percent to currently tipping over the 4 percent mark. Applications for home loans have spiraled down. Why the rapid increase in historically low mortgage…

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Crystal Coast Housing Market Report – May 2013

Crystal Coast. Big news in real estate mortgage rates came at the end of the month of May. The average 30 year fixed mortgage rate hit a yearlong high at 3.99 percent. The last time 30 year rates were that high was May 2, 2012 when it was at 4.02 percent. Ironically last year’s figure marked an all time low for mortgage interest rates….

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Saltwater Catch 2012 Data Just Released

Saltwater Catch Data. Answer this question quickly. What do you think is number one on the list of recreationally harvested fish in North Carolina? Would you believe dolphin? The North Carolina Division of Marine Fisheries (NCDMF) today released its 2012 harvest data for both commercial and recreational fishermen. If you thought the dolphin question was surprising, just wait to find out the whole story. Some of its good and…

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Big Rock Blue Marlin Tournament

Big Rock. What the heck is it any way and why does it produce so many blue marlin? Five years ago the Big Rock Blue Marlin Tournament Director called me about an article I had written for the Carteret News Times many years back. It seems that they wanted to reprint the article for their official tournament publication. The year was 2008 and also their 50th golden anniversary so this was a pretty big deal…

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Hot Real Estate Market

Hot Real Estate Market! Really? For the past three consecutive Tuesday’s some type of great news about the real estate market and home prices have been released. The news has come from typical sources like the National Association of Realtors. But network news and even the President of the United States have offered up a much needed reprieve from the years of real estate bankruptcy…

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