Thursday, January 29, 2009

Star News Tells Tale

Todays Wilmington Star News paints a picture of a sad real estate market. Where is the truth? In the article? Listen to Jessica's thoughts on this mornings newspaper article.

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Wednesday, January 28, 2009

Sweet Carolinas

A recent survey from shows that cities in the West and South continue to appeal to people relocating. The data ia a good gauge of where people are moving and a sneak peak at where they will continue to move to in the future.

On a state level, the Great Lakes region continues to bleed jobs. Meanwhile, states in the West and South -- and especially North and South Carolina -- have gained and will keep gaining, according to data collected from
Economy is the primary force driving demographic shifts these days.

For every 100 people looking to move to Michigan, 210 were looking to move out of the state. Ohio saw more people wanting to leave than stay: for every 100 people looking to move to Ohio, 150 requested moving quotes to move out of state.

The biggest beneficiaries of this population displacements are North Carolina, which saw nearly 80% more moving requests to move to North Carolina than to leave North Carolina (for every 100 people requesting moving quotes to leave the state, 180 indicated they wanted to move to North Carolina).

South Carolina saw nearly 70% more moving requests to move to the state than to leave.

These types of shifts have wide ramifications for the economy as well as political representation. The federal government has recently announced that the Carolinas, Georgia and Florida would each pick up a seat in the House of Representatives.

To read the full article please visit

Thinking of moving? Please visit for a free home estimate or to search all homes for sale in the area.

Tuesday, January 27, 2009

Market Getting Better?

WASHINGTON - Sales of existing homes posted an unexpected increase last month, as sales of bargain-basement foreclosures in California and Florida boomed, closing out the worst year for the U.S. real estate market in more than a decade. Existing inventory and home supply has decreased which is typically one of the first signs of a shifting market.

Wednesday, January 14, 2009

Shed Doom & Gloom in 2009!

This is a great article I found in the Charlotte Observer...

I drove past the local YMCA and noticed the jammed parking lot. Everyone has made New Year's resolutions, and chief among these is shedding those holiday pounds. There is much about 2008 I'd like to shed, most notably the gloom and doom.

“Now is the Winter of our discontent.” The line from Shakespeare's Richard III floats into my head. I can't stop it. I was an English major, and the voices of poets carefully studied stay with me.

Discontent was very big in 2008. As a financial adviser, I got the message. While we may have “reason to lament what man has made of man” (Wordsworth, “Lines Written in Early Spring”), beginning the New Year by predicting doom will only get us a self-fulfilling prophecy. Instead of wringing our hands over 2008, we should grasp the promise of 2009.

We each need a plan.

Begin with an inventory: We are still here, our bodies more or less intact, and for that we should be thankful. Most people reading this still have a roof over their heads and a Neighborhood Development Department motivated to keep more of us that way. And we have a whole new year ahead of us without any mistakes.

Most of us know how to do the right thing: Be kind to others, help those who need us, be good citizens. All we have to do is resolve to do it. Resolution is easier said than done. The cars in the Y parking lot are bound to dwindle as good intentions meet everyday apathy. Local charities understand this. Last year, when we reached an unprecedented level of need, many of us cut back on giving, and yet it is giving to others that may restore us all.

A recession means that the economy is receding, shrinking. By withdrawing, we perpetuate the problem, like drought prematurely shriveling a leaf to a dried, brown curl. The winter solstice will naturally follow the autumnal equinox, but a winter of our discontent requires human intervention both to create and to banish it.

So how do we banish it? With what Wordsworth called “that best portion … little, nameless … acts of kindness and of love.” I cherish such memories from 2008: the client who brought me a refreshing snack in a festive gift bag for no other reason than she thought with all the bad financial news and many people demanding my time, I might not get time for lunch. “The flood of rapture so divine” (Shelley, “To a Skylark”), experienced when entering a room full of clients and being hugged from four different directions all at once. They repaid my reassurance with their own support.

Just knowing that one is needed and appreciated can transform drudgery. Imagine how kindness from all quarters could boost a community.

So now, while the shadows of naked tree branches are so stark that they appear as if outlined in chalk, remember that tender new leaves will soon emerge.

Use the indoor time to good advantage. If you haven't done an inventory of family clothing, do it now. Pass along shoes, coats and clothes your children have outgrown; the Salvation Army or Goodwill Industries can put them to good use.

Plan a garden – flowers for cheer and vegetables for bounty. For as Shelley reminds us in “Ode to the West Wind”: “If Winter comes, can Spring be far behind?”

Tuesday, January 13, 2009

Good Sign

Capital Bank Gets Set for Housing Market to Revive

The Raleigh, N.C.-based Capital Bank is adding 15 mortgage officers — more than doubling its current staff — in anticipation of a resurgence in the housing market. The bank, which has 32 branches statewide, is also setting aside more than $20 million for mortgages for high-end homes. The loans will be available for homes costing more than $600,000 that were constructed by home builders and developers that are Capital Bank customers. CEO Grant Yarber said rates will be two percentage points below a standard 30-year super jumbo mortgage for borrowers who qualify. That program would help builders and developers who began building high-end speculative houses before the residential real estate market stumbled. "We believe, in 2009, there are going to be some great bargains on interest rates for home buyers," Yarber said. "We believe that 30-year rates will be in the 4.5% to 5% range for conventional mortgages. We believe that will spur a lot of people to purchase a new home." (
News & Observer (1/9/09); David Ranii

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Sunday, January 11, 2009

Record number of travelers at ILM in 2008

Wilmington International Airport continues to grow, as they set an all-time passenger record last year serving more than 800,000 travelers.

The record breaks down to more than 1,000 additional passengers in and out of ILM per month. Wilmington International Airport has three carriers and offers non-stop service to five of its top ten destinations.

Thursday, January 8, 2009

Seller and Buyer Schedules

Realtors often talk about what it takes to sell your home, or more specifically what key factors that influence how quickly it will sell. We all hear about price, location, condition, and market influences but we often don't hear about the importance of letting buyers dictate when they see your home. It used to be that sellers dictated when showings occurred. A seller could easily change the times the buyer was requesting or just say "no, that time isn't good for me, please come at this time". From there, the buyer would scramble to change their schedule to get into the home and accomodate the sellers request.

Not anymore.

Most of us work 9-5 jobs and guess do buyers. This means that they probably want to see your home in the evening or on the weekend. The same time you are planning on being home. The reality is that buyers are controlling the market now and if sellers don't accomodate their requests often the buyer moves on to something else that they can get into easily with their schedule because there is plenty of inventory to choose from.

So remember the need to accomodate buyers requests even if it seems like a hassle to you. You ultimate goal is to sell quickly and for the best price possible and this can only happen if you get each and every potential buyer through your home.

If you have any questions or comments, please feel free to email me at Have a great Thursday!

Wednesday, January 7, 2009

Coldwell Banker Goes Mobile

PARSIPPANY, N.J. – Jan. 6, 2009 – Coldwell Banker Real Estate LLC announced today that international Coldwell Banker® real estate listings in 28 countries including Canada, Australia, Mexico, Italy, Aruba, and Colombia will now be accessible via a customized platform for iPhoneTM and BlackBerry® users.

When viewed on an iPhone, BlackBerry or other smartphone the Coldwell Banker flagship Web site, has a different look and feel, along with navigation specifically tailored for optimal viewing the mobile device. This includes property listings search and home value estimator functions. When a user accesses the site through his or her handset, the Coldwell Banker Web site automatically recognizes that it is being accessed by a mobile device and will serve up that specialized interface. Users do not need to download any special software to benefit from this enhancement to the Coldwell Banker mobile technology.

“Now consumers in the home buying and selling process can easily search both domestically and internationally using their mobile devices,” said Michael Fischer, senior vice president of marketing for Coldwell Banker Real Estate LLC. “Coldwell Banker will continue to find ways to blaze a trail with technology that provides consumers with listings anytime, anywhere.”

Those looking for a home both domestically and internationally will be able to search for homes and utilize the brand’s home value estimator. In addition, consumers will be able to enter specific search criteria such as city, state, price as well as optional filters including number of bedrooms and bathrooms. When a property is selected, users can view all of the specifications for that home and contact an agent directly.

For photos visit: