Tag Archives: north carolina

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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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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Mortgage Applications Soar. Rates Inch Up Slightly

If mortgage applications are the indicator of the over-all health of the real estate market place then last week proved to be a huge shot in the arm. Not only are week over week applications up, but year over year comparisons showed a drastic improvement. And it wasn’t driven by those seeking to refinance their homes. The mortgage application surge came from homebuyers! Diana Olick with CNBC reports, “Mortgage applications to purchase a home drove total volume, rising 5 percent for the week, seasonally adjusted,...
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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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Atlantic Beach Rated Best Beach

Carteret County and the Crystal Coast of North Carolina have not only been named as having the best beach in North Carolina by Tripping but 4 of its beaches are rated in the top 10! Tripping is the world's largest search engine for vacation rentals. They rated the best beaches all across the state of North Carolina and gave Atlantic Beach its highest rating!

Other Crystal Coast beaches ranking in the top ten include Shackleford Banks at number...

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