The real estate market in Southeastern, NC is continuing to defy national housing trends. For the week ending February 10th, our company produced 66 contracts for $20 million dollars in total sales. That is on level with weekly periods in 2005 & 2006. Interest rates are very favorable with many lenders quoting near 5.625% for [...]
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According to the Today show in NBC, the growth of our economy is the biggest concern at this time. Gas prices are high, food prices are high, and houses prices face a possible fall in SOME markets. A recession can still be averted but it will take everyone’s efforts to turn this thing around. As [...]
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Despite a recent credit crunch in the mortgage industry, loan applications rose last week according to the Mortgage Bankers Association. The number of applications for new purchases rose 3.4% over last week. Mortgage rates stayed on par at the end of the trading day on Tuesday. 30 year fixed rate averaged around 6.26%. We have [...]
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