Our showings are up 68% over same period last year! So far 2012 is looking promising for local real estate.  

Way to go Intracoastal agents! This is an EXCEPTIONAL increase in our under contract numbers!  

  We are all eagerly looking for signs of a recovery in the housing market. Although a robust recovery is unlikely to happen anytime soon, there are positive indicators that are worthy of consideration. Sales in the luxury end of the market – properties in the $1M and up category – are up over last year in New Hanover County. And history shows that sales in the luxury end of the market are often a leading indicator for a rebound in other sectors of the real estate market. Intracoastal Realty is a member of Leading Real Estate Companies and sells more properties listed at more than $1 million than any other real estate firm in southeastern North Carolina. Let us know if we can assist you with your real estate needs.  

The latest biannual Trulia American Dream survey says the American Dream of Homeownership is alive and well! 70% of Americans said they still see homeownership as part of their personal dream. When asked the same question back in January 2011 the same percentage agreed; homeownership remains central to the American Dream. The graphic below shows that 57% of current homeowners said owning a home is among the best long-term investments they could make. In fact, 80% said they plan to buy another home in the future! This is very optimistic news about long-term housing demand.

Late last year, banks were warned that they needed to guarantee that the paperwork necessary to start a foreclosure process on a family was both accurate and complete. Since then, the banks have slowed down the foreclosure process while they re-examined their procedures. They are now confident that all the required documentation is in order. We are currently waiting on a settlement between the banks and the state attorneys general which will establish what penalties will be assessed. Once this settlement is reached, the banks will again move forward on many homes which are currently stalled at some stage in the foreclosure process. How many homes are we talking about? There are millions of homes in this category. Calculated Risk quantified the situation: “There are a large number of seriously delinquent mortgage loans in limbo waiting for this settlement. According to LPS, at t... [More]