Tag Archives: foreclosures

Home and Land Sales. Things You Need To Know

Over the past month, a total of 1,439 single family homes were on the market for sale along the Crystal Coast (Carteret County). Of those homes, 116 of them were sold. These sold homes averaged 135 days on market. By the way, 135 days or roughly 4 months is a quick turnaround time for selling a home. So why did 19 percent of the available homes sell while 81 percent of the other properties sat? Assuming all marketing efforts were equal, then it boils down to...
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Foreclosure Rates Dive. Home Equity And Prices Should Climb

Year over year foreclosure rates have fallen by almost 30 percent. This is the largest decline in foreclosures since 2015. With the clearing of the distressed sale properties, home values and home equity should begin to rise. In North Carolina the foreclosure market is now just 0.6 percent of the over-all home sales market. The number of NC foreclosed homes is down 26.4 percent compared to this time last year. There have been a total of 15,186 foreclosed...
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June Crystal Coast Real Estate Report

We’ve got to spread the good news! Mortgage rates have nose-dived and are at near historic low levels. The opportunity is now to get interest rates that may not be seen again. Residential property inventory in some of the prime locations along the Crystal Coast are at supply levels not seen in 10 years that make sales conducive for both the seller and buyer. Mortgage Rates In terms of buying a home and getting a 30 year fixed mortgage, now is almost a once in a lifetime...
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Crystal Coast Home and Condo Report

Here is a very good overview of the Crystal Coast real estate market as it stands right now. Price, location, inventory and financing are all discussed. It covers 2013 in review and the status of things here and now. It’s clear, concise and to the point! Crystal Coast Home Sold Prices.The median sold price of a Crystal Coast home in 2013 was $184K. The average sold price was $234K. The reason for the…

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Crystal Coast Foreclosures and Short Sales

The Crystal Coast and surrounding counties saw a lot of foreclosures and short sale activity this past month. Mixed in was the stunningly high rate of cash sales. But do the two necessarily go hand in hand? And are foreclosures and short sales really worth the added hassles?

Crystal Coast Distressed Sales

Approximately 7 percent of all homes listed in the Crystal Coast and surrounding counties were some type of distressed property. This can be deceptive to the public because most of the time there is no...
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Low Lender Fees But Requirements About To Tighten

North Carolina has the 6th lowest set of lender fees in all of the US according to a recent survey conducted by Bankrate, Inc. In this survey North Carolina was only bested by Hawaii, Alaska, South Carolina, California and New Mexico.

Low Lender Fees

Bankrate, Inc is the internet’s leading aggregator of financial rate information. In this hypothetical purchase Bankrate requested a good faith estimate from up to 10 different lenders in each state. The amount requested was for a $200,000 mortgage for...
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Crazy Great Crystal Coast King Catches

How about this for a crazy great fishing report? The Bogue Inlet Pier in Emerald Isle reserves the end of its pier for king mackerel fishermen. By mid-October they open it up for the bottom fishermen because king mackerel catches have all but disappeared. But not this year! Consistent king catches in the 20-25 pound range are a daily occurrence so the pier is still open for king mackerel business!

Offshore/near boats of the Crystal Coast fleet have been finding kings in the 30-40 pound range...

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