Tag Archives: short sales

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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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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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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Mortgage Interest Rates On 5 Week Rise

Mortgage interest rates are on the rise. For five consecutive weeks 30 year fixed mortgage interest rates have gone up and it has caused a panic in both the lending and housing markets. The weekly rise has averaged 10 points bringing interest rates that were around 3.50 percent to currently tipping over the 4 percent mark. Applications for home loans have spiraled down. Why the rapid increase in historically low mortgage…

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