Are Interest Rates Finally Rising?
For several years now we’ve been enjoying low-interest rates under 5% but we always knew it was eventually coming for interest rates were rising. A few months ago,Federal Reserve chair Janet Yellen held a committee to get rid of thrift rates eventually by a quarter percentage point. This would go from 0% to .25%. It’s one…
What Can You Get for $400,000 in Sunset Beach NC?
Considering a move to the North Carolina shores? Sunset Beach makes an ideal place for a retirement, second home, vacation property or permanent beach residence. Currently, as of the publishing of this post, prices are about $173,000 for a median sales price. The price per square foot comes in at about $136. The median price…
Rents are Higher Than Mortgages in North Carolina
In a recent article by MSN Money magazine, rents and mortgages were compared across the country in each state averaging out which is more, average rents or average mortgages. For North Carolina, the monthly rent came in at $1175 per month whereas the mortgages came in $1089. “Three North Carolina cities, Charlotte, Raleigh and Durham,…
Myrtle Beach Home Prices and Values
Myrtle Beach lies just over the border of North and South Carolina in SC and home to about 30,000 residents. There are nearly 30 neighborhoods and it’s the 14th largest community in South Carolina. It also has some of the most expensive homes in the state. Currently, Myrtle Beach has a median list price of…
Holden Beach Real Estate Report
Holden Beach is located in Brunswick County and home to about 1100 residents. The median list price is about $600,000 however there are several homes under the $100,000 range including lots in vacant land, perfect for building. Because this is a smaller community located right along the ocean, sales price is can vary greatly based on…
Southport NC Real Estate Report
Southport North Carolina is located along the intracoastal waterway between Smith Island and Oak Island just south of the Sunny Point Military Ocean terminal. There are approximately 3000 residents year-round even though during peak tourist seasons the population rises to nearly 20,000 residents, tourists and guests. Currently at the publishing of this post There…