Jim Cramer, the CNBC financial market wizard, stated today in his blog that you have to buy a house between now and the next 6 months. Inventory levels are starting to subside and interest rates appear to be on the rise. You can read his blog at the link below. Please call or email me [...]
Filed under: Real Estate News, The Market | No Comments »
CNBC has a great article that further explains the current mortgage environment and why it so crucial to get OFF the fence and lock your rate now. The Federal Reserve is hinting at a rate hike after their next meeting to help fight inflation. While fixed mortgage rates are not directly tied to the Federal [...]
Filed under: Mortgage News, Real Estate News, The Market | No Comments »
This week has been filled with chatter about the problems occuring within Fannie Mae & Freddie Mac. Both of these quasi-governmental agencies, are under increased pressure from regulators & investors due to their recent performance. In short, Fannie & Freddie purchase mortgages from lenders (Banks/Brokers) and securitize them as assets. They sell these assets on [...]
Filed under: Mortgage News, Real Estate News, The Market | No Comments »
It seems to me that I keep hearing this question over and over again… should I sell this home and buy new or remodel what I have? With the market the way it is in Wilmington, why wouldn’t you buy? The inventory is high, rates are low, and you could find your dream home ready [...]
Filed under: The Market | No Comments »
Our company Coldwell Banker Sea Coast Realty has produced over $10 million in contracts and that was only as of wednesday. Our market is showing great signs compared to home sales on the nationa level. The last 4 offers I have written have been multiple offer scenarios. Do not wait around for more people to [...]
Filed under: Community News, Real Estate News, The Market | No Comments »
Last week a Realtor friend of mine named C.B. Johnson was interviewed on WWAY TV 3 for his opinions on the state of the Wilmington real estate market. He is an owner of the local Keller Williams Realty. The topic was the decline in home sales for our area.
Good job C.B.! It is nice to [...]
Filed under: The Market | No Comments »
Peak Fitness has announced plans to build a 20,000 square foot gym in Leland. The facility has anticipated opening in early summer. The gym will be located in the Magnolia Greens Golf & Country Club Commercial Village.
PT’s grill will opening in the coming months in Leland. PT’s has 3 locations in Wilmington that stay packed for [...]
Filed under: Commercial Development, Community News, Investments, The Market | No Comments »
Last week the Wilmington City Council approved the bid for the construction of our Convention Center to J.M. Thompson & Co. Contractors from Raleigh, NC. The Convention Center will be located in downtown Wilmington along the Cape Fear River. Construction will begin in the upcoming months. A national 3-4 star hotel chain will adjoin the [...]
Filed under: Real Estate News, The Market, Wilmington Convention Center | No Comments »
Taking into consideration that every area, region, town and city are different, would also mean that each is effected in it’s own way by the economy. When you turn on the Today show and hear of a possible recession or the economy is getting worse and worse, take a look at your local area first. [...]
Filed under: The Market | No Comments »
New Listing in Tradewinds in Hampstead, NC. Neighborhood boasts water views, trees, and day dock. Contact Bailey today for a private showing of this home… 910-231-4989 or baileyhall@seacoastrealty.com.
Filed under: Community News, Investments, Real Estate News, The Market | No Comments »
