My job as a realtor can be tricky because although my main focus is on the real estate market, the ups and downs, etc… my clients also rely on me to know everything that happens in the mortgage world. I decided to educate myself and sat in on a meeting with Michael Lopez, President of [...]
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The average rate on a 30- year fixed loan fell from 6.62 percent last week to 6.52 percent for the week ending August 23, 2007. Last year at this time, 30 year mortgages rates averaged 6.48 percent Also, Freddie Mac reported that rates on a 15-year fixed rate loans averaged 6.18 percent in the weeks [...]
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Even though the median price for a single-family home sold fell to $223,800 during the second quarter ending June 30, NAR predicts home prices will turn slightly positive again by spring of 2008 and rise about 2 percent. From the survey, 97 of 149 markets gained ground rather than lost, this seems to be the [...]
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Not the kind of pests that bother our pets but tenancy-in-common investor transactions. TICs allow real estate investors to sell investment property and purchase ownership in another property (or properties) without having to buy a “like-kind†property to qualify and defer capital gains taxes on the sale. This allows you as an investor to purchase [...]
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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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 From July 25th to July28th, the Alex Paen Team of Coldwell Banker Sea Coast Realty attended one of the largest real estate conferences in the country. The gathering, humbly called Star Power is a huge think tank of Realtors that come together to share ideas on real estate. The topics ranged from client service to [...]
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The housing bubble - Does it exist and will it pop? Today’s housing market can be like a roller coaster depending on which news channel you happen to be listening to. In regards to the housing bubble, do I believe in it? No. I think real estate is like health care, no matter where you [...]
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Coldwell Banker Sea Coast Realty offers scholarships to family of realtors - Each year Coldwell Banker offers a $500 scholarship to assist students on their way to college. This year over 15 students recieved money to use towards books, meals, etc.Â
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Regardless of what you hear about the real estate market in
Wilmington, our company, Coldwell Banker Sea Coast Realty, had a record month for showings of our listings. 3,058 showings were conducted for the month of July. July of 2006 received 2,622 showings. As you can see, the market has really picked up in
Wilmington.Â
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The Washington Post released an article this week encouraging readers of the D.C. metro paper to visit Wrightsville Beach, NC located next to
Wilmington. The article talks of the many shopping, dining and adventurous activities that await at
Wrightsville
Beach. To read the full article click here
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