Hitchcock Realty News

Are Mortgage Rates At Lowest Level Ever?

Money.CNN is reporting on some very big mortgage rate news. In a video report titled, “Will You Ever See Mortgage Rates This Low Again” the host in this brief news segment talks about 3.59 percent rates for a 30 year mortgage and 2.88 percent for 15 year loans. The subtitle beneath the video reports says, “If you're looking to buy a home this spring, you're [sic] timing couldn't be better. Mortgage rates are hitting their lowest levels in years.” The news reports ends with this important thought....
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Foreclosed Properties On The Decline

Foreclosures. A lot of people are looking for that special deal and focus on foreclosed homes as a way to make that dream and goal come true. Often times it is the investor aiming to flip the house to turn a quick profit that searches for these foreclosed or distressed properties. While searching for and buying foreclosed homes can be advantageous (Also dangerous, but that’s a topic for another article), the inventory to pick from is becoming smaller and smaller. CoreLogic just released its most...
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Mortgage Lending Requirements Eased

Have you been thinking about buying a home but haven’t due to restrictive mortgage loan requirements? Well, now may be the time to reconsider and take advantage of the still low interest rates. According to some of the latest reports released by several federal agencies, obtaining a mortgage may have just gotten easier for you. According to the Federal Reserve Board and their latest “Senior Loan Officer Opinion Survey on Bank Lending Practices”, it appears that banks have been easing their requirements for consumers to get...
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FEMA Drafting New Flood Zone Maps

The Federal Emergency Management Agency (FEMA) is currently drafting new flood zone maps. The proposed changes will greatly affect many residence of Carteret County and the Crystal Coast. The last time flood zone maps were updated was back in 2003 using information dating back to the 1980’s. The greatest area of proposed change will impact those properties in the V flood zones along our coast line. V flood zones require a more stringent set of building codes and...
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Crystal Coast Fishing Report May 9, 2016

It is that wonderful time of year when all types of fishing along the Crystal Coast of Carteret County have started off with a big bang! From Cape Lookout west to Bogue Inlet and from the Atlantic Ocean north to the Neuse River and Pamlico Sound, the fish bite has officially turned on! Listed below are some of the highlights of great catches during Mother’s Day weekend. Beach and Pier fishing With beach water temperatures in the mid-60’s, the Crystal Coast is in the midst of its...
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Real Estate Market Report April 2016

The Crystal Coast real estate market place can finally start using terms like “stable”, “recovered” and “normal” in describing the conditions for both sellers and buyers. This has been a decade in the works but the good news as well as the promise of a better tomorrow have finally arrived. For those in a hurry, here is the short version of how April 2016 played out along the Crystal Coast. There was a total of 1,719 single family...
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Crystal Coast January Real Estate Market Report

To sum it all up in two short words, the real estate market in Carteret County along the Crystal Coast of North Carolina is “very good”. Where the numbers are supposed to be high, they are. Where the numbers are supposed to be low, they are too. All in all this market place which has suffered from a glut of inventory for a decade has righted itself to resemble a more normal, stable market.

Crystal Coast

One of the...
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2015 Crystal Coast Real Estate Market In Review

No question about it, 2015 was a very good year for real estate sales along the Crystal Coast. This past year is yet another example of the ongoing trend of improving sales and inventory.

Crystal Coast

Sold crystal coast The chart above graph’s a 5 year trend of improving residential property sales. Sales have increased by 32 percent during that time period. What isn’t shown is the supply of inventory over that...
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