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Tag: ocean isle

2009.05.08 21:47:18

HOMEOWNERSHIP

> Nationally, the median existing-home price

increase for all housing types from February to

March was 4.2 percent, much higher than the typical

1.8 percent seasonal increase between those two

months.

> The National Association of Home Builders

recently announced that half of all U.S. households

(55 million to be exact) can now afford to buy the

median priced $200,000 new home. That's up 45

percent in the past 24 months.

> Home-builder confidence was in the double digits

in April for the first time in six months.

> First-time homebuyer activity has surged. In

March, first-time homebuyers accounted for

53 percent of transactions.

> The average price of a home in March 2009 has

increased approximately 20 percent when compared

to March 2000.

FORECLOSURE FACTS

> While foreclosure filings rose 24 percent nationally,

the number of foreclosures in North Carolina fell 42

percent in the first quarter from the same period last

year.

> In the latest quarter, North Carolina ranked 36th in

the nation for foreclosure filings.

> In March alone, foreclosure filings fell 40 percent

when compared to the same period last year.

ECONOMY

> Six N.C. cities Raleigh, Durham, Asheville,Wilmington, Winston-Salem and Charlotte were

among the top 20 "Best Metros" in the country for

business and careers, according to
Forbes.

> In a recent study from the National Low Income

Housing Coalition, North Carolina ranked 21st in

affordable housing.

> North Carolina recently was named the secondbest

state in which to conduct business, according to

Chief Executive magazine.

FOR THE RECORD

 





2009.04.28 23:34:05

 

We have all been anxiously watching this dismal real estate market wondering when and where we might see things reach their low and begin an anticipated upswing.  This article, written by the AP and featured on MSNBC gives us the sign of change we are looking for. 

 

Click: New Home Sales Data Show Encouraging Signs to view this news feed.  

 

Ocean Isle has remained fairly steady rather than following the drastic fluctuations of most markets due largely in part to the fact that Ocean Isle is mainly a second home beach.  With foreclosures on the rise of primary residences, our market has been just a faint thought for most home buyers.  However, this down turn has brought prices down and has, I believe, leveled our pricing structure on the island.  We are beginning to see a spike in interest levels and a rise in purchases.  I believe that this spring and summer are a buyer's best opportunity to purchase.  As the NY real estate mogul, Donald Trump, exclaimed in an interview recently with Larry King, "Well, this is a time for smart people. This is a time for entrepreneurial people. This is a great time for people like me...this is a great time to buy real estate."







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