Tag Archives: housing

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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Home Prices Will Continue To Rise Through 2017

CoreLogic, which describes itself as, “the leading global property information, analytics and data-enabled solutions provider”, has released its most recent report on pricing and the housing market. Titled the, “U.S. Home Price Insights Report” this report gives accurate historical information mixed with data based forecasting to show where home prices have been and points toward where prices are headed to. In the over-all scheme of things, CoreLogic’s finding show that the US has seen 51 consecutive months of year over year increases in home prices. The...
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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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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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Radical Change In Mortgage Lending

I got the following message from the Congressional Budget Office last week about H.R. 2767, Protecting American Taxpayers and Homeowners Act of 2013. “H.R. 2767 would require the Federal Housing Finance Agency to repeal the charters of Fannie Mae and Freddie Mac and end the operations of those firms five years after enactment of the bill. Thus, after 2018, those two government-sponsored enterprises (GSEs) would cease to guarantee new mortgages.” How significant would it be to the housing market if Freddie and Fannie went away? According to...
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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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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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