ARCHIVED BLOG POSTS

2008 

Waiting on the side lines for home prices to fall?   Consider this. Let's assume that home prices do fall another 15% and interest rates go up.   Current Scenario                                                         Down the Road Scenario Sales price       $250,000                            ...
10/28/2008
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September Home Sales Rise   National existing home sales increased in September by the largest amount seen in several years. Are we actually seeing signs that the real estate market has bottomed out? Home sales increased but prices are down 9% from a year ago, nationwide. Some analysts are predic...
10/28/2008
1. Beautiful Beaches and Waterways Wilmington NC is situated on the southeast coast of NC and is bordered on the east by the Atlantic Ocean and the west by the Cape Fear River. The beauty and charm of Wilmington and the surrounding beaches equal or surpass any on the east coast. The many pristine...
10/24/2008
In today's real estate environment, more than ever, open houses are an effective open house marketing strategy. But, just to advertise the home in the Sunday paper and post a sign is not enough. An effective marketing campaign for open houses will prove to be a very successful open house and hope...
10/22/2008
Listing Inventory The Wilmington NC real estate market is seeing the slowdown that has occurred nationwide. Our current listing inventory has a 78 unit decrease from last month and we are about 238 units down from October 2007. We have 5,741 single family homes for sale in our MLS. The average li...
10/22/2008
On Saturday, three  Coldwell Banker Realtors held a marketing event at the gated community of Figure Eight Island, NC. Figure 8 Island, NC  is only accessed by a bridge and Open House events are not allowed. For instance, you cannot even cross the bridge without approval from the homeowners, and ...
10/16/2008
Azalea Festival Art Unveiling Party The Art Unveiling Party for the North Carolina Azalea Festival was held Friday night at the Arab Shrine Club on College Road. The event was sponsored by Frame Works and Jim Quick and the Coastline Band was the entertainment for the evening. Rest of the Story.....
10/14/2008
North Carolina least expensive state for loan closing costs Sometimes it pays to be on the bottom of the list. North Carolina ranked just that (number 56) by bankrate.com for loan closing costs. 2008 closing costs average $2650 for a $200,000 loan in the state of North Carolina. New York ranked f...
10/11/2008
Wilmington NC Film Industry May Be Affected by Bailout Legislation Wilmington NC known as "Hollywood East" may benefit from the recent bailout legislation. The Bill offers tax breaks for producers who film in the United States. With the bill, film producers may deduct all production costs up to $...
10/10/2008
Affordable Neighborhoods in Wilmington NC There are numerous affordable neighborhoods in Wilmington, NC and New Hanover County that are peachy perfect for first time home buyers that would like to take advantage of the $7500 tax credit. They range in price from just under $150,000 to $200,000. Ju...
10/06/2008
Rainer
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Kay Baker Associates

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