By Kathy Knight on
9/4/2010 1:19 PM
by The KCM Crew on August 13, 2010 · 1 comment in For Buyers, For Sellers, Pricing  Here at the KCM Blog we attempt to bring clarity to a very confusing real estate market. There is news breaking every day and one report seems to contradict another. Today, we are going to take all the news available and put into a single graph. How do we propose to do that? By cheating a little. MacroMarkets is a company founded by Professor Robert Shiller of Case-Shiller fame. The company has assembled a distinguished panel of over 100 economists, investment strategists, and housing market analysts who they...
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By Kathy Knight on
9/3/2010 2:39 PM
 FIREWORKS Tonight at downtown Carolina Beach 9PM. Farmers Market will be on tomorrow at Carolina Beach just around the Lake on Lake Park Blvd. See Glynns soaps for some homemade soaps and skin fresheners. The Aquarium at Fort Fisher will have a BREAKFAST with THE FISHES tomorrow in the morning. You need to register in advance. Tickets are $ 15.00. Call 910 458-8257 for more information. See ncaquarium.org for more information. BALD Head Island will be holding a music festival tomorrow at the island. check www.baldheadisland.com for more information. There will be a March of Dimes 5 K fun run tomorrow at Mayfaire. This event costs $ 30 to join. On Sunday that being the 1st Sunday of the month – FREE RESIDENTS DAY...
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By Kathy Knight on
8/27/2010 3:38 PM
 Lots going on this weekend in Wilmington NC and the local beaches: FREE SUMMER CONCERT SERIES HEATS UP KURE BEACH FEATURINGBLIND LEMON PLEDGE This Friday, plan on bringing your blankets and lawn chairs so the whole family can boogie the night away to the sounds of Blind Lemon Pledge. Entering its ninth year, the Free Summer Concert Series brings you an evening of quality entertainment that is sure to please the entire family right down to the youngest ones. So be sure to pack a picnic and head down to the Fort Fisher Air Force Recreation Area in Kure Beach for an evening of free family fun. Concerts starts at 6:30 PM, but come early and enjoy the cool river breezes...food and beverages will be available for purchase, so relax...grab a cold one...and kick-off your shoes and your...
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By Kathy Knight on
8/27/2010 9:18 AM
These rates are from Carl Kiger a Mortgage Broker In Raleigh NC. I did a deal with him and it was one of the best. He is efficient, has great rates and is available – a key ingredient when dealing with mortgage people. The rates don’t get any better than these. This is what you need – good rates, low prices and lots of great inventory in Wilmington. Call me to see any homes…. Rates can change frequently and can also be affected by the customer’s financial situation, credit standing, and Loan-to-Value. Therefore, please use the rates below as a guide, not a specific quote. The rates are based on a 30 Day lock period and a 1% origination fee. Weekend Interest Rates – 8/27/2010 30 yr. Fixed 4.125% 30 yr. Fixed FHA 4.125% USDA/Rural Housing 5.750% 15 yr. Fixed 3.750% 30-yr. Jumbo 5.125% 5/1 ARM 3.125% 7/1 ARM 3.500% 10/1 ARM ...
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By Kathy Knight on
8/27/2010 8:34 AM
 Schools buses began their rounds today as schools in Wilmington, NC, New Hanover county started 2010-2011 season. With schools starting parents may be looking for after school activities for kids. It will be a an exciting year as New Hanover county Schools have a New Superintendent – Mr. Markley who brings a lot of experience from New York with him. There are a lot of kid activities in the area too – during and after school. Here are a few of them: The Y Pool on S. College has 10 passes for $ 30.00. It is still warm enough to swim and if you don't want to hit the beach after school this is an alternative. You could go to the Paint N Play Ceramic Studio for the artist in your family. On 1021 South Kerr Ave, you can paint your own pottery in the studio. The Children's...
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By Kathy Knight on
8/26/2010 4:42 PM
Everybody Calm Down. Armageddon Is NOT Upon Us! by Steve Harney on August 26, 2010 ·  The new housing numbers have definitely been a major news story over the last 48 hours. The Dow dropped over 100 points on the announcement of July’s existing sales numbers. The cries of a double-dip sound like the screams of Chicken Little: ‘The sky is falling! The sky is falling!’ Pundits are claiming real estate will never be looked at the same again. We asked Steve Harney to comment on what the report actual means to the housing recovery. As always, he was more than willing to share his insights. – The KCM Crew I want to start by saying that Armageddon...
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By Kathy Knight on
8/25/2010 2:38 PM
The Existing Home Sales Report Is In. Ugh! by The KCM Crew on August 25, 2010 · 0 comments in For Buyers, For Sellers, Pricing  We want to begin by saying there were absolutely no surprises in this month’s National Association of Realtors Existing Home Sales Report. Experts were calling for a dramatic fall off in volume and a substantial increase in month’s supply of inventory. Everyone now realizes that the tax credit actually pulled more demand forward than it created. The inventory of unsold homes is increasing as the shadow inventory of distressed...
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By Kathy Knight on
8/23/2010 2:27 PM
WILMINGTON, NC - STATUS MARKET - JULY 2010  Strong buyers market continues... Due to the First Time Home Buyer increase in sales, a lot of these sales were pushed up and people that might have been planning to buy in July moved up their purchase to coincide with the tax credit. In the month of July we saw a decrease of 125 homes in our listing inventory, we have 5,604 homes on the market as of August 1st. This continues to put us in a strong buyer’s market with a listing inventory of over a 16.0 month supply. With the low sales in July this affects our month supply with a change of 5 months from last month. Our average list price has stayed...
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By Kathy Knight on
8/18/2010 7:05 PM
WELCOME to the BEACH  Kinda crazy question if you don’t know what Masonboro Island is? It is a nature conservancy that is a series of islands in the middle of the Intracoastal waterway just south of Wrightsville Beach. People go to sun, go to surf on the ocean side of the island, relax with friends or swim in the Intracoastal. I have a friend who sets out crab traps near Masonboro and if she is lucky dinner is waiting when she paddles out to see what is caught in her trap.These guys on this boat travel all over the Intracoastal with their floating bar. You can get right on this boat and get a drink ( if you are of age – of course) and enjoy a little cruise while sipping your favorite drink....
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By Kathy Knight on
8/10/2010 4:54 PM
 If you are a Doctor in Wilmington NC you can enjoy some benefits today that many cannot. To attract new business some mortgage companies are offering very attractive rates on new loans. Not only is there plenty of inventory to choose from with prices taking a nose dive, but banks are offering great incentives to give Doctors the chance to become new clients. They are offering a 100%, no PMI mortgage right now. That may also include a rate under 5% for the mortgage...
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