Wait if you need a jumbo loan - 09/24/07 05:56 AM
During lunch with one of my favorite mortgage bankers, Jennifer Foster, she mentioned how quickly underwriting parameters are changing...sometimes daily, especially on jumbo loans.  The interest rates are considerably higher, as well. 
If you can wait to buy that expensive dream house, do so.  The industry should calm down in the next few months and interest rates should go down. 
If you are trying to SELL in this market.  Have your agent  find the best deals for jumbo loans so your buyer can make the deal NOW.
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Chapel Hill and Carrboro Award Winning Schools Continue to Improve - 09/18/07 07:16 PM
The ABC state standard was raised over the past two years but the Chapel Hill Carrboro School System has met the challenge. In a recent press release, the school system reports that four elementary schools (Seawell, Rashkis, Scroggs and Glenwood) all earned the Honor School of Excellence Award, given to schools in which 90 percent or more of students are proficient in reading and math and meet national AYP standards. Last year only Seawell and Rashkis earned that award. Ten other schools earned the School of Distinction label, given to schools where 80 to 90 percent of students are proficient in … (0 comments)

Finally....a temperature cooldown..green built homes - 09/17/07 09:09 AM
The 90 degree weather finally broke and people are shopping for homes again.  The drought and high temps have reminded buyers the importance of energy and water conservation.  Green built homes and green remodeled homes are more in demand than ever. 
As demand goes up, appraisers are beginning to see the value of green built homes and adjusting their appraisals accordingly.  Lenders are already aware of the value of energy and water efficient homes and offer specially priced loans to those purchasing green buildings.
For more information on green built homes and communities in the Chapel Hill, Durham or Pittsboro NC … (0 comments)

State of the Market - 09/14/07 03:14 PM
  The market in the Triangle is still strong. 
Chatham County and Pittsboro have 20,000 new homes on the books.  Yikes!  Most of these homes are in the $450,000 and up range.  Not surprisingly, the most popular areas are near Jordan Lake and within an easy drive to the University of NC and Research Triangle Park.
Chapel Hill homes are on the market a bit longer than they have been in the past for several reasons; they are more expensive than ever before, people relocating here from other areas are having difficulty selling their homes and the new home market in nearby Chatham … (0 comments)

 
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Mari Trosclair

Pittsboro, NC

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Grapevine Realty Services

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This blog will include my musings on Chapel Hill NC and Pittsboro NC real estate, live music, sustainable building, sustainable farming, green building, equine activities, hobby farms, food...yes...everything that interests me...and hopefully, you too!


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