Monday, April 11, 2011

Where Have All the FORECLOSURES GONE??

Where Have All the Foreclosures Gone? by The KCM Crew on April 6, 2011

The inventory of foreclosed homes for sale has been dwindling for almost six months. Everyone is wondering if the worst of our challenges with distressed properties are behind us. We are sorry to report that isn’t the case. We must realize that the problems banks have experienced with their paperwork on these properties has done nothing but delay them from coming onto the market. The robo-signing blunders and then the MERS mess have caused the banks to slow down the foreclosure process dramatically. Just last week, the Office of Thrift Supervision released their Mortgage Metrics Report covering the 4th Quarter of 2010. In that report, they showed how foreclosure completions fell sharply because of these paperwork complications. Here are the numbers: Foreclosures are not disappearing. They are just being delayed. Bottom Line If you think that waiting to sell your home makes sense, you may not be correct. Check with a local real estate professional to see how this will impact your market.

Friday, April 8, 2011

Rental Costs are About to Takeoff

From KCM Bloggers: We are often asked whether it is better to rent or buy in the current housing market. The answer to that question is: “It all depends”. There are certain situations where renting short term probably makes sense. It may make sense if you are retiring to a different region of the country and are not yet sure where you want to set down roots for the next 25 years. It may make sense if you have a one year employment contract which will probably require a move to another place upon termination. However, in most other cases, renting right now makes little sense for several reasons. Even though prices may still soften, waiting to buy makes no sense as the cost of owning a home may still increase. Mortgages may soon become much more expensive than they are right now. Owning a home is less expensive than renting a home in 72% of major U.S. cities. Rental costs are about to explode.

Thursday, April 7, 2011

Kure Beach NC - Beach views - you could be here..

This was a last Sunday morning at Kure Beach... What a place... serene, quiet, gorgous views - just fisherman and seagulls on the beach. The Kure Beach pier is in the distance where folks fish all day for a $ 5.00 fee. You could have these views too.
Where you are looking for a 2nd home or to relocate you should consider Kure Beach. It is not just a rental beach town there are permanent residents here that enjoy this beach community all year long. It is great for fishing, surfing, sunny, swimming and exploring. Let me know if you are interested...

Tuesday, April 5, 2011

Wilmington NC 64th Azalea Festival - Top 5 Events

The Azalea Festival has been named one of the top 20 events in the South. The weather is usually warm, the flowers are usually showy and the belles are beautiful. But you must know which are the best events to attend. As a 10 year attendee (this formerly Yankee) has taken the guess work out of the best of the Azalea Festival. Yes the Top 5 Azalea Festival Events to take place during this weeks 64th annual Azalea Festival are:

The Gardens - A must see they are the some of the most gorgeous gardens you will see. Water gardens and fountains, little rooms, walking paths - it all here.

This is the best of the best. For $ 20 you can get a whole day of gorgeous views out of this event.

The Parade - is a very fun event as it is very long and everyone in the area is in it - marching bands, floats with millions of princesses, clowns and even Queens.

The Street Fair is huge with music, great food and lots of vendors. Lots of greasy fried fattening food you might not eat all year long is here. Great fun...

The Circus - takes place at the airport but is a great 2 hour show with animals including elephants, aerial shows and all kinds of stunts.

The Historical House tour - here you can see why people want to live in the Historical District with its shady walks, big porches and close walk to the river and the downtown venues.

Its all waiting for you this weekend in Wilmington NC.. Don't miss out on this great event...

Friday, April 1, 2011


4/6-10: NC Azalea Festival *There are so many events this weekend, be sure to see the Azalea Festival website! 4/8-10: 29th Annual Wilmington Art Association Art Show & Sale, St. James Episcopal 4/9: Southport Easter Egg Hunt, Franklin Square Park Southport 4/16: 15th Annual Chowder Cookoff, Pleasure Island 4/16: Work on Wilmington, various locations 4/16: Oak Island Lighthouse 5K , 10K & 1 Mile Fun Run, Oak Island 4/19: Coastal Classic Celebrity Golf Tournament, Landfall 4/22: Battleship Easter Egg Hunt & Spring Carnival, Battleship NORTH CAROLINA 4/22-23: Southport Spring Festival, Franklin Square Park E. West Street, Southport 5/6: Airlie Concert Series Begins and lasts through October, Airlie Gardens 5/7: The Aquatic Safari Hunt, Wrightsville Beach 5/13-14: Relay For Life of Brunswick County, West Brunswick High School Shallotte, NC 5/15: Food & Wine Festival: Taste of Wilmington, various locations 5/20-22: 19th Annual Greek Festival, St. Nicholas Greek Orthodox Church,Wilmington 6/3-6/4: Fisherman's Post Spring Inshore Challenge, Wrightsville Beach 6/4: 26th Annual Carolina Beach Music Festival, Pleasure Island 6/26: Kure Beach Double Sprint Triathlon, Kure Beach