2016 the Best Year in a Decade for Home Sales

melaniecameron General Real Estate Leave a Comment

According to the most recent National Association of Realtors® report, 2016 was the best year in a decade for home sales. Nationwide, there were 5.45 million resale homes sold, the highest number since 2006 when 6.48 million homes sold. We saw the same reflected locally. In the Wilmington area, 8,843 homes sold, the highest number since 2005 when 9,347 homes were …

Why It's Smart for Sellers to List Early in 2017

Why It’s Smart for Sellers to List Early in 2017

melaniecameron Home Seller Tips Leave a Comment

Traditionally, home sellers list their homes in the Spring/Summer to take advantage of the height of the buying season. However, 2017 is already proving to be a year of change and economists are urging home sellers to list early if they want to sell under the most favorable conditions. Here’s why: 1. Nationwide, inventory has dropped considerably. Throughout 2016, we …

CoreLogic Housing Credit Index Q3 2016 Report

CoreLogic Releases Q3 2016 Housing Credit Index Report

melaniecameron General Real Estate Leave a Comment

CoreLogic has released its third quarter Housing Credit Index (HCI) report. This third-party report tracks the change in mortgage lending since 2001, the year when lending standards began to loosen before the dramatic tightening in 2006-2007 as a response to the housing bubble. The HCI gives a general look at how healthy the current mortgage industry is. Here are the …

North Carolina Equity Report by CoreLogic

Where North Carolina Ranks with Home Equity – Q1 2016

melaniecameron Homeowner Tips Leave a Comment

 According to CoreLogic’s recent “Homeowner Equity Report”, over 1 million homeowners rose above negative equity in the past year. In the first quarter of 2016 alone, 268,000 homes regained positive equity taking the nation up to 46.7 million mortgaged properties with equity. If this trend continues and national home prices rise 5%, about 1 million more homeowners will regain positive …

Monday Market Update - Spring - Strawberries

2016 Investment and Vacation Home Buyers Survey

melaniecameron Home Buyer Tips Leave a Comment

We hope you got to enjoy this weekend’s beautiful weather. This is an exciting time of year, because many of Wilmington’s annual events are starting up, including the Downtown Sundown Concert Series and Riverfront Farmer’s Market, which added a second location at Ogden Park on Wednesdays. So, if you haven’t had a chance to check out some of the local …

Monday Market Update - Fall

21% of Home Buyers Make an Offer Without Seeing the Home in Person

melaniecameron Home Buyer Tips Leave a Comment

Happy Monday! Today, we’re sharing some interesting buyer facts that may prove useful to you if you’re considering buying or selling a home in the near future. The recently released National Association of REALTORS® Real Estate in a Digital Age report showed that searching for homes online is the first step in purchasing for 40% of home buyers. Others, contacted …

Median Home Size Leveling Off

National Median Home Size Leveling Off

melaniecameron General Real Estate Leave a Comment

I’ve written in the past about how home sizes have changed over the past 60+ years and how it reflects the overall expectations of American society. My last post on the subject was in 2012. Since then, we’ve seen some changes. For one, the median home size of newly constructed homes began to increase. This would make someone think that …