Tag Archives: real estate

Crystal Coast Real Estate Market Report

Here is the painful truth about the Crystal Coast real estate market place. The Crystal Coast has a Wal-Mart size of inventory but it has a convenience store sized customer base. The area has never been able to handle successfully more than 1,000 active homes for sale at a single time. We’ve been above 2,000 active properties since the year 2005. Normally when you have an excess of inventory you reduce price to motivate sales. Crystal Coast homes are on average about 10 percent...
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Crystal Coast Real Estate and Home Report

Fall real estate activity can be interesting along the Crystal Coast. October for example is traditionally one of the most active sales month of the year. With the month of September nearly under our belt, how is the end of the year starting to shape up? What about Crystal Coast home prices? The home market looks in decent shape. The average price of a Crystal Coast home is currently at $219K with a 16 month supply of inventory.

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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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Crystal Coast Real Estate News and Market Report

There is some great news from the Federal Housing Authority (FHA) for first and second time home buyers, for those wanting to refinance their home or if you find yourself, “underwater” with your current loan. FHA is now offering several programs that can be accessed online and claiming to offer the lowest rates in the state! And here is the kicker-It’s all free of charge!

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Home Sales No New Buyers Just New Suppliers

Home sales across America are fantastic. Inventories have dwindled down to just a 5.2 month supply according to the National Association of Realtors. New construction is so active that builders can’t find enough workers to keep up pace with demand reports the National Association of Home Builders. It is a completely different story in eastern North Carolina. Onslow County has an 11 month supply…

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Buying a Home in Carteret County

Buying a Home in Carteret County. Whether someone buys or not usually depends on the home prices. But this is a very diverse area so consequently the prices are very diverse too. Better known as the Crystal Coast our coastal region has everything from deep back woods to big beachfront properties. We’ve got city, rural and everything in-between. In addition the area is still righting itself from the storms of the real estate bubble…

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Crystal Coast Housing Market Report – May 2013

Crystal Coast. Big news in real estate mortgage rates came at the end of the month of May. The average 30 year fixed mortgage rate hit a yearlong high at 3.99 percent. The last time 30 year rates were that high was May 2, 2012 when it was at 4.02 percent. Ironically last year’s figure marked an all time low for mortgage interest rates….

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Big Rock Blue Marlin Tournament

Big Rock. What the heck is it any way and why does it produce so many blue marlin? Five years ago the Big Rock Blue Marlin Tournament Director called me about an article I had written for the Carteret News Times many years back. It seems that they wanted to reprint the article for their official tournament publication. The year was 2008 and also their 50th golden anniversary so this was a pretty big deal…

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