For a "home search" in Eastern North Carolina

Click here:"Advanced Search"

Advanced Search allows you to insert specifically what your looking for. Bedrooms, bathrooms, garage, location price range etc.

 

 

 

 

Feb. 19, 2019

More Young Adults Living With Parents

The fact that younger Americans these days are facing some financial challenges is well documented. Rent has increased and so has student loan debt. That can make saving money to buy a home difficult. So it shouldn't be too surprising to hear that there are an increasing number of young adults living with their parents. But new numbers from the Urban Institute make clear just how many. According to their research, the share of people between the ages of 25 and 34 who are living with their parents has increased from 11.9 percent in 2000 to 22 percent in 2017. “This translates to more than 5.6 million additional young adults under their parents' roofs between the two years,” the study says. “This trend matches the decline in young adults' marital rate (from 55.3 percent to 40 percent) during this period.” In short, young Americans are getting married and establishing households later in life. So what does this mean for the housing market? Well, it means there are a lot of potential first-time home buyers who are going to be looking for affordable, entry-level homes in the years to come. How, where, and when they decide to enter the market will affect competition, prices, and available inventory for buyers everywhere.

One area that is not experiencing this as much is in Eastern, NC. Younger people are seeing more options to help with loans in this area and more homes to choose from. To see some of the homes available go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin. More here.

More Young Adults Living With Parents 

#mortgageratesineasternnc

#mortgageloansineasternnc

#mortgageapplicationsineasternnc

#mortgagedemandineasternnc

#homesforsaleineasternnc

#homeinventoryineasternnc

#existinghomesforsaleineasternnc

#homepricesineasternnc

#newconstructionineasternnc

#newhomesineasternnc

#newhomesforsaleineasternnc

#newhomeinventoryineasternnc

#newhomepricesineasternnc

#newhomesizesineasternnc

#sydesconstructionineasternnc

#jobmarketineasternnc

#homeequityineasternnc

#creditscoresineasternnc

#homefeaturesineasternnc

#justlisted

#dreamhome

#househunting

#locationlocationlocation

#cashcow

#openhouse

#countrylife

Posted in Report
Feb. 15, 2019

Home Buyers Finally Beginning To See Options

Finding the right home involves a little bit of luck. After all, the chances that there'll be a place in your price range, with all of the features you desire, in the neighborhood you want to live in, at the exact time you're looking aren't necessarily great. But, the more homes there are available for sale in the area you're searching, the better those odds become. That's why inventory is such a hot topic these days. There's been a shortage of homes for sale over the past few years and it's made buying a house more difficult, especially in affordable price ranges popular with buyers looking for their first home. But recent numbers show that conditions are beginning to swing back in favor of home buyers. That's because, inventory has been rising, and at a good pace in the markets that need it most. In fact, in some of the nation's most competitive markets – like San Jose, Seattle, Denver, Los Angeles, and San Diego – the number of homes for sale has seen double-digit increases year-over-year. This is undoubtedly good news for home shoppers, as it means better odds they'll be able to find and purchase a home that fits their needs. However, because the previous years' inventory declines were significant, it'll take some time to reverse those losses. That means, buyers can still expect a competitive market this year, though it's finally trending in their direction.

One area that is not as competitive is in Eastern, NC. This area has been able to continue to build many new homes and this has made for a good inventory of homes in many price ranges and styles. To see some of the homes available in this area go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin. More here.

 

Home Buyers Finally Beginning To See Options

 

#mortgageratesineasternnc

#mortgageloansineasternnc

#mortgageapplicationsineasternnc

#mortgagedemandineasternnc

#homesforsaleineasternnc

#homeinventoryineasternnc

#existinghomesforsaleineasternnc

#homepricesineasternnc

#newconstructionineasternnc

#newhomesineasternnc

#newhomesforsaleineasternnc

#newhomeinventoryineasternnc

#newhomepricesineasternnc

#newhomesizesineasternnc

#sydesconstructionineasternnc

#jobmarketineasternnc

#homeequityineasternnc

#creditscoresineasternnc

#homefeaturesineasternnc

#justlisted

#dreamhome

#househunting

#locationlocationlocation

#cashcow

#openhouse

#countrylife    

 

Posted in Buying
Feb. 14, 2019

Mortgage Rates Are Dropping But So Is Demand

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were down across all loan categories last week. Rates fell for 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. But despite rates having become more favorable over the past several weeks, demand for loans to buy homes has also been falling. Joel Kan, MBA's associate vice president of industry surveys and forecasts, says uncertainty is behind the decline. “Application activity fell last week – even with rates decreasing – as renewed uncertainty about the domestic and global economy likely held potential home buyers off the market,” Kan said. “Despite the recent decline in applications, we still expect that the continued strength of the job market and lower rates will support more purchase activity in the coming months.”

One area that really hasn’t seen a decline in home interest and mortgage applications has been Eastern, NC. This area has been able to continue to build new homes and that along with existing homes has kept a good inventory in different price ranges, giving something for almost everyone. This area also has a strong job market and this has made it possible for many people to be able to get into the market. To see some of the homes available go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin. The MBA's weekly survey has been conducted since 1990 and covers 75 percent of all retail residential mortgage applications. More here.

Mortgage Rates Are Dropping But So Is Demand 

#mortgageratesineasternnc

#mortgageloansineasternnc

#mortgageapplicationsineasternnc

#mortgagedemandineasternnc

#homesforsaleineasternnc

#homeinventoryineasternnc

#existinghomesforsaleineasternnc

#homepricesineasternnc

#newconstructionineasternnc

#newhomesineasternnc

#newhomesforsaleineasternnc

#newhomeinventoryineasternnc

#newhomepricesineasternnc

#newhomesizesineasternnc

#sydesconstructionineasternnc

#jobmarketineasternnc

#homeequityineasternnc

#creditscoresineasternnc

#homefeaturesineasternnc

#justlisted

#dreamhome

#househunting

#locationlocationlocation

#cashcow

#openhouse

#countrylife

Posted in Survey
Feb. 14, 2019

Analysis Looks At Down Payments By State

Saving for a down payment is often a big hurdle for buyers, especially those purchasing their first home. Without the benefit of equity from a previous home's sale, first-time home buyers have to come up with the money from scratch. That can be difficult, especially if they live in an area where there are fewer homes available in an affordable price range. So, if you're thinking of buying a home in the near future, how much should you expect to need? Well, one recent analysis looked at down payments by state and found that the nationwide average was $28,000 – though there was a pretty wide range depending on location. For example, West Virginia had an average down payment of just over $15,000, while New York came in at $43,404. Other states, including Florida, Texas, North Carolina, Nevada, and Illinois, were within a few thousand of the national average. Wherever you're buying, though, you will have options depending on the particular terms of the loan type you've chosen. Which means, averages are good for getting a ballpark idea of what other buyers are putting down but may not reflect the actual amount required when it comes time to sign the paperwork.

Buyers in Eastern, NC, are finding that there are many options for down payments when buying a home. There are also home incentives being offered with new homes. With these down payment options in place, it has given many people a way to get into the housing market. To see some of the homes that are available in this area go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin. More here.

 

 

Analysis Looks At Down Payments By State

#mortgageratesineasternnc

#mortgageloansineasternnc

#mortgageapplicationsineasternnc

#mortgagedemandineasternnc

#homesforsaleineasternnc

#homeinventoryineasternnc

#existinghomesforsaleineasternnc

#homepricesineasternnc

#newconstructionineasternnc

#newhomesineasternnc

#newhomesforsaleineasternnc

#newhomeinventoryineasternnc

#newhomepricesineasternnc

#newhomesizesineasternnc

#sydesconstructionineasternnc

#jobmarketineasternnc

#homeequityineasternnc

#creditscoresineasternnc

#homefeaturesineasternnc

#justlisted

#dreamhome

#househunting

#locationlocationlocation

#cashcow

#openhouse

#countrylife

 

Posted in Buying
Feb. 12, 2019

How Long Do Buyers Spend Looking For A Home?

Choosing a home to buy is a pretty big decision. For the amount of money and time you'll end up investing, it wouldn't be smart to make it a hasty one. But depending on how competitive your market is, you also can't spend too much time deliberating over a particular property. So what's a normal amount of time to expect to be searching for the right home to buy? Well, according to new numbers from the National Association of Home Builders, 58 percent of buyers who were actively looking for a home to buy during the fourth quarter of last year said they'd been searching for three or more months. The reasons they said they'd been looking that long were fairly evenly split between those that were having trouble finding an affordable home and those that said they couldn't find any homes that had their desired list of features. But buyers weren't discouraged. In fact, the vast majority said they planned to continue looking in the neighborhoods they'd been searching, while 44 percent said they'd expand their search area to better their chances.

Buyers in Eastern, NC, are finding homes much easier and faster than in a lot of other areas. This area has continued to build many new homes in different sizes and prices ranges, reaching out to most people. There is also a good home market for existing homes in this area. This, along with all the features this area has to offer has made for a very popular area to buy a home in. To see some of the homes available go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin. More here.

How Long Do Buyers Spend Looking For A Home? 

#mortgageratesineasternnc

#mortgageloansineasternnc

#mortgageapplicationsineasternnc

#mortgagedemandineasternnc

#homesforsaleineasternnc

#homeinventoryineasternnc

#existinghomesforsaleineasternnc

#homepricesineasternnc

#newconstructionineasternnc

#newhomesineasternnc

#newhomesforsaleineasternnc

#newhomeinventoryineasternnc

#newhomepricesineasternnc

#newhomesizesineasternnc

#sydesconstructionineasternnc

#jobmarketineasternnc

#homeequityineasternnc

#creditscoresineasternnc

#homefeaturesineasternnc

#justlisted

#dreamhome

#househunting

#locationlocationlocation

#cashcow

#openhouse

#countrylife

 

Posted in Report
Feb. 11, 2019

Number Of Equity Rich Properties On the Rise

Buying a home means making an investment in the real estate market. And, while it may not be your main motivation for buying, the chance that you'll see a return on that investment is undoubtedly a good thing. It's among the reasons that homeownership has retained its appeal over the years. It's also why new numbers from ATTOM Data Solutions are encouraging. Their Year-End 2018 U.S. Home Equity & Underwater Report shows that in the fourth quarter of last year more than 14.5 million properties were considered equity rich – which means the loans used to purchase the property are 50 percent or less than the estimated value. In short, an increasing number of American homeowners are seeing their investment grow. Todd Teta, ATTOM's chief product officer, says – in addition to increasing values – homeowners are seeing their equity grow because they're staying in their homes longer. “With homeowners staying put longer, homeownership equity will most likely continue to strengthen,” Teta said. The rise of equity rich homeowners also coincides with a dramatic decline in the number of seriously underwater properties, which have dropped from nearly 30 percent in 2012 to just 8.8 percent at the end of last year.

For those looking to get into the home market, Eastern, NC is proving to be a very good place to start looking. Weather you are looking at retirement or a place to call home, this area has it all. There are many new homes on the market as well as existing homes that are all priced in a range to fit almost anyone’s income. To see what is available in the area go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin. More here.

 

Number Of Equity Rich Properties On the Rise

 #mortgageratesineasternnc

 

 

#mortgageloansineasternnc

#mortgageapplicationsineasternnc

#mortgagedemandineasternnc

#homesforsaleineasternnc

#homeinventoryineasternnc

#existinghomesforsaleineasternnc

#homepricesineasternnc

#newconstructionineasternnc

#newhomesineasternnc

#newhomesforsaleineasternnc

#newhomeinventoryineasternnc

#newhomepricesineasternnc

#newhomesizesineasternnc

#sydesconstructionineasternnc

#jobmarketineasternnc

#homeequityineasternnc

#creditscoresineasternnc

#homefeaturesineasternnc

#justlisted

#dreamhome

#househunting

#locationlocationlocation

#cashcow

#openhouse

#countrylife

 

Posted in Buying, Selling
Feb. 8, 2019

Americans See Affordability Conditions Improving

Last year's housing market had its challenges. Though there was plenty of interest from home buyers, too few homes for sale, rising interest rates, and high prices dampened some of the enthusiasm. Now, according to the most recent Home Purchase Sentiment Index from Fannie Mae, Americans may be feeling more optimistic about their options. That's because, in addition to an 8 percent increase in the number of respondents who say their income is substantially higher than it was at the same time last year, there are also a declining number who feel home prices and mortgage rates will keep rising. In short, consumers feel more confident in their money and see affordability conditions starting to improve. Doug Duncan, Fannie Mae's senior vice president and chief economist, says the boosted optimism and more favorable conditions may help home sales this year. “Overall, these results are in line with our forecast that, amid improving affordability conditions, home sales should stabilize in 2019 after declining last year for the first time in four years.”

Buyers in Eastern, NC, are finding a good inventory of homes and with this has come prices moderating and getting more affordable for many people. This area has a good job market and this along with a good selection of homes, has made this a very popular area to find a home in. To see some of the homes available go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin. More here.

Americans See Affordability Conditions Improving 

#mortgageratesineasternnc

#mortgageloansineasternnc

#mortgageapplicationsineasternnc

#mortgagedemandineasternnc

#homesforsaleineasternnc

#homeinventoryineasternnc

#existinghomesforsaleineasternnc

#homepricesineasternnc

#newconstructionineasternnc

#newhomesineasternnc

#newhomesforsaleineasternnc

#newhomeinventoryineasternnc

#newhomepricesineasternnc

#newhomesizesineasternnc

#sydesconstructionineasternnc

#jobmarketineasternnc

#homeequityineasternnc

#creditscoresineasternnc

#homefeaturesineasternnc

#justlisted

#dreamhome

#househunting

#locationlocationlocation

#cashcow

#openhouse

#countrylife

 

Posted in Survey
Feb. 7, 2019

Mortgage Demand Slips Even As Rates Fall

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates fell sharply last week across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. But though rates were more favorable, requests for mortgage loan applications still fell. In fact, overall demand was down 2.5 percent from the previous week. Joel Kan, MBA's associate vice president of industry surveys and forecasts, says, though demand for loans to buy homes dropped, the outlook remains good. “Despite more favorable borrowing costs, and after a three-week surge in activity, purchase applications have slowed over the past two weeks, and are now almost 2 percent lower than a year ago,” Kan said. “However, moderating price gains and the strong job market, including evidence of faster wage growth, should help purchase growth going forward.”

For buyers in Eastern, NC, the job market is strong and many new homes are being built making for a good inventory of homes, which is helping to keep prices moderate and within reach for many people. To see some of the homes available go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin. The MBA's weekly survey has been conducted since 1990 and covers 75 percent of all retail residential mortgage applications. More here.

 

Mortgage Demand Slips Even As Rates Fall

 #mortgageratesineasternnc

#mortgageloansineasternnc

#mortgageapplicationsineasternnc

#mortgagedemandineasternnc

#homesforsaleineasternnc

#homeinventoryineasternnc

#existinghomesforsaleineasternnc

#homepricesineasternnc

#newconstructionineasternnc

#newhomesineasternnc

#newhomesforsaleineasternnc

#newhomeinventoryineasternnc

#newhomepricesineasternnc

#newhomesizesineasternnc

#sydesconstructionineasternnc

#jobmarketineasternnc

#homeequityineasternnc

#creditscoresineasternnc

#homefeaturesineasternnc

#justlisted

#dreamhome

#househunting

#locationlocationlocation

#cashcow

#openhouse

#countrylife

 

Posted in Survey
Feb. 6, 2019

Average Home Seller Profit Hits 12-Year High

Fannie Mae's quarterly Mortgage Lender Sentiment Survey asks senior mortgage executives for their perceptions of the market and forecast for the future. According to the most recent release, lenders point to an “insufficient supply of homes available for sale” as the primary reason for slow home sales growth last year. In fact, 48 percent of responding lenders said that too few homes for sale held buyers back, while rising interest rates and higher prices were also commonly cited factors. Similarly, when asked for suggestions for what could be done to improve affordability in the months ahead, increasing the housing stock led the list. In short, mortgage execs see low inventory as the market's biggest issue. This isn't a surprise. The fact that there's been a lower-than-typical number of homes for sale has been pushing home prices upward and keeping competition for affordable homes high. The good news, however, is that recent data shows inventory has been rising and, if the trend continues, it could help provide some relief to buyers this year.  This trend has continued in Eastern, NC where buyers are finding a very selection of new homes. Many new homes have been built in this area giving something for almost everyone. Also with such a good selection of homes available, prices have moderated and loans are being made. To see some of the homes available got to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin. More here.

Tight Supply, Rising Mortgage Rates, and High Prices Slowed 2018 Home Sales, Lenders Say

#mortgageratesineasternnc

#mortgageloansineasternnc

#mortgageapplicationsineasternnc

#mortgagedemandineasternnc

#homesforsaleineasternnc

#homeinventoryineasternnc

#existinghomesforsaleineasternnc

#homepricesineasternnc

#newconstructionineasternnc

#newhomesineasternnc

#newhomesforsaleineasternnc

#newhomeinventoryineasternnc

#newhomepricesineasternnc

#newhomesizesineasternnc

#sydesconstructionineasternnc

#jobmarketineasternnc

#homeequityineasternnc

#creditscoresineasternnc

#homefeaturesineasternnc

#justlisted

#dreamhome

#househunting

#locationlocationlocation

#cashcow

#openhouse

#countrylife

 

 

 

Posted in Survey
Feb. 5, 2019

Lenders Say More Homes For Sale Are Needed

Fannie Mae's quarterly Mortgage Lender Sentiment Survey asks senior mortgage executives for their perceptions of the market and forecast for the future. According to the most recent release, lenders point to an “insufficient supply of homes available for sale” as the primary reason for slow home sales growth last year. In fact, 48 percent of responding lenders said that too few homes for sale held buyers back, while rising interest rates and higher prices were also commonly cited factors. Similarly, when asked for suggestions for what could be done to improve affordability in the months ahead, increasing the housing stock led the list. In short, mortgage execs see low inventory as the market's biggest issue. This isn't a surprise. The fact that there's been a lower-than-typical number of homes for sale has been pushing home prices upward and keeping competition for affordable homes high. The good news, however, is that recent data shows inventory has been rising and, if the trend continues, it could help provide some relief to buyers this year. For buyers in Eastern, NC, the housing market has remained very good with many new homes available as well as some existing homes. This has really helped with keeping pricing moderate. To see some of the beautiful homes available in this area go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin.    More here.

Lenders Say More Homes For Sale Are Needed

#mortgageratesineasternnc

#mortgageloansineasternnc

#mortgageapplicationsineasternnc

#mortgagedemandineasternnc

#homesforsaleineasternnc

#homeinventoryineasternnc

#existinghomesforsaleineasternnc

#homepricesineasternnc

#newconstructionineasternnc

#newhomesineasternnc

#newhomesforsaleineasternnc

#newhomeinventoryineasternnc

#newhomepricesineasternnc

#newhomesizesineasternnc

#sydesconstructionineasternnc

#jobmarketineasternnc

#homeequityineasternnc

#creditscoresineasternnc

#homefeaturesineasternnc

#justlisted

#dreamhome

#househunting

#locationlocationlocation

#cashcow

#openhouse

#countrylife    

Posted in Survey