Tag Archives: homes

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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August Real Estate Market Report

One of the most frequent questions we get asked at Hitchcock Realty is what the real estate market is doing. In other words, is now a good time to sell. For many years it wasn’t. After the real estate “explosion” in the mid-2000’s came the painful aftermath of a glut of inventory which spilled over into the 2010’s. The Crystal Coast had a huge over-supply of inventory, prices did not re-adjust to reflect a flailing market place, bankruptcy and foreclosures became a normal everyday...
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Crystal Coast Real Estate Market Report May, 2016

Generally speaking, anyone in business or in sales is looking for bigger numbers. But sometimes big numbers can register a “false positive”. Sometimes what you are looking for are smaller numbers. It is in these areas we will look at and see why sometimes less is much, much better when dealing in real estate. But first, let’s take a year over year comparison of the month of May along the Crystal Coast. It proved to be a very...
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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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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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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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US Housing Market News

NBC News just released some very interesting news about the US Housing market. NBC News reports, “The U.S. homeownership rate fell to 63.4 percent in the second quarter of 2015, according to the U.S. Census. That is down from 63.7 percent in the first quarter and from 64.7 percent in the same quarter of 2014. It marks the lowest homeownership rate since 1967.”

So the homeowner rate is the lowest in almost 50 years. How does that affect...

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Carteret County Public Boat Ramps

The Crystal Coast of North Carolina is blessed to have one of the cleanest and most productive waterways you can find anywhere. As a result there are nine public boat ramps with parking of various sizes scattered all throughout Carteret County that are run and maintained by the NC Wildlife Resources Commission. They can be found in Cedar Island, Salter’s Creek, Cedar Point, Emerald Isle, Newport, Morehead City and Beaufort. All of these boat ramps are free and open to the public. This list does...

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