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forclosures: Local Market Improves - 01/02/09 01:03 PM
Our local Real Estate Market has improved over the last few months. I'm not jumping for joy, yet, but we have seen an improvement none the less.
Bargain hunters snatching up foreclosures, home owners who pulled their properties off the market, and buyers starting to enter the market helped shrink out local inventory of available homes for sale to its lowest point since March 2008.
Total listing of homes for sale declined 5.1 percent in December compared to November, according to figures compiled from the Rocky Mount MLS.
Total listings at the end of December are a mere 1 percent higher … (1 comments)
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forclosures: Some Are Less Inclined To Buy A Foreclosure - 12/19/08 08:10 AM
RealtyTrac and trulia just released the results of a new joint study. This study shows that fewer buyers are willing to consider purchasing a foreclosed property than they were seven months ago. Seven months ago, 54 percent of adults surveyed said they would consider purchasing a foreclosed home. In November, only 47 percent of adults say they'd buy a foreclosure.The main issue is perceived risk. With 80 percent of those surveyed citing hidden repair costs, a tricky buying process, and the possibility that the neighborhood will lose more value and drag the property down with it.To compensate for these risks, 75 … (0 comments)
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forclosures: 10 Real Estate Predictions for 2009 - 12/18/08 06:09 AM
2009 will be a year of more challenges and opportunities. Prepare yourself with these predictions from HGTV's FrontDoor.com Web site.
Sellers will continue to face falling home values in the new year because they'll be competing with banks and builders who are slashing prices to sell off the still-huge inventory of foreclosures and new homes. The Obama administration will act on its plan to crack down on abusive lending practices. Mortgage holders in danger of losing their homes will receive more assistance from a variety of programs since the Senate's Joint Economic Committee has predicted two million foreclosures in 2009. Banks' … (0 comments)
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forclosures: Lowering The Mortgage Rates Isn't The Answer - 12/06/08 02:28 PM
The government continues to say that it has to address the problems in the housing market. According to news reports, the Treasury Department is considering a plan to drive down mortgage rates as low as 4.5% to help stimulate the housing market. "Treasury officials said that the [buydown] plan could be a more effective way to help home owners than focusing solely on borrowers who are struggling to meet their monthly payments," the Washington Post story says. Under the Treasury plan, lenders would sell newly issued mortgage-backed securities to the government provided the interest-rate on the loans collateralizing the securities was … (1 comments)
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forclosures: New service - Foreclosure Alerts! - 11/29/08 01:46 PM
I get calls almost everyday from people looking for foreclosed homes. In these tough times it makes sense to look for the best bargain. Unfortunately the local MLS system is not set up to filter out foreclosures as a group. Therefore, to satisfy the growing demand for foreclosed properties I have created my own system.
I have just launched a new service, www.M3Forclosures.com. This service will email foreclosures when they are released and listed "For Sale" by the banks. Many foreclosures sell quickly as they are sold well below current market value.
The initial service area is Nash, Edgecombe, and Wilson … (1 comments)
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forclosures: David Recker is now with RE/MAX Classic - 04/08/08 07:03 AM
I wanted to provide an exciting update that I have moved offices. I am now with RE/MAX Classic Realty working out of their office at 163 Nashville Commons Drive, Nashville, North Carolina 27856.
All of my contact information remains the same:
Direct phone: 252-442-2687
I look forward to continuing to provide superior real estate services to Nash, Edgecombe, and Wilson counties.
About the AuthorDavid C. Recker is a Top Producing Realtor licensed in North Carolina. Dave works at RE/MAX Classic Realty and serves Edgecombe, Nash, and Wilson counties in North Carolina.
Dave's website, http://www.ncrealestateweb.com/ , is one of North Carolina's top … (0 comments)
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forclosures: What is the Subprime Mortgage Crisis? - 01/29/08 06:21 AM
Here are many reports and articles about the subprime mortgage crisis. However, many consumers simply don't understand what it's all about. Why? The news media is too busy creating an atmosphere of crisis to slow down and do a simple explanation.
Click Here for the entire article.
About the AuthorDavid C. Recker is a Top Producing Realtor licensed in North Carolina. Dave works at RE/MAX Point East and serves Edgecombe, Nash, and Wilson counties in North Carolina.
Dave's website, http://www.ncrealestateweb.com/ , is one of North Carolina's top real estate websites and you can read frequently posted Articles and Blogs by Dave … (0 comments)
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David Recker
Rocky Mount,
NC
More about me…
Connect Realty - http://www.NCRealEstateWeb.com
Address: 923 Eastern Ave., Nashville, NC, 27856
Office Phone: (252) 442-2687
Cell Phone: (252) 467-3185
Email Me
Commentary, market information, and general musings on topics effecting the Greater Rocky Mount, North Carolina and surrounding areas. Published by David C. Recker, Associate Broker, RE/MAX Classic Realty
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