Inner Banks Living News Updates

Bill Hitchcock

Inner Banks Living News Updates

HIGHLIGHTS
-   Local Market Trends Reveal Stabilization
-   Wall Street Journal: Market Rarely Looked Better
-   Bernanke: Optimistic economy will grow again soon
-   Oriental Residents: Happy the lived/moved there!!
-   Inner Banks Living sponsors Saltwater Catch Radio Show & Website

Inner Banks Market Comparison
By: Bill Hitchcock

I have compared the sales and average sold price for all lot and land sales in the Neuse River and Crystal Coast Realtor Associations for the month of August. Here are the things to note. The Crystal Coast market shows a stabilization in price and sales when compared to August of 2008. That’s a very good thing.

The Neuse River market shows a stable, although slightly higher average sold price from the prior year-Another very good thing.
We do see three times the sales in 2008-But that’s probably due to some new subdivision(s) that came on the market or some funding opportunity that availed itself.

Important Note: Inner Banks Living is a development company and not a real estate agency. The IBL sales results will not show in the Realtor database.

AVERAGE SOLD PRICE
Inner Banks Living 1

ACTUAL NUMBER OF LOTS SOLD
Inner Banks Living 2

Yes, the Housing Market Has Rarely Looked Better
Wall Street Journal
By JAMES B. STEWART
(Excerpted article)

Last week, Standard & Poor’s reported that its S&P/Case-Shiller U.S. National Home Price index of real-estate values increased this past quarter over the first quarter of 2009, the first quarter-on-quarter increase in three years. Its index of 20 major cities also rose for the three months ended June 30 over the three months ended May 31, with only hard-hit Detroit and Las Vegas experiencing declines. The week before that, the National Association of Realtors reported that sales volume of existing homes was up 7.2% in July from June.

In short, the data suggest that real-estate prices hit a bottom some time during the second quarter, and have now begun to rise. There’s no way to be certain that this marks the end of the long, painful correction that followed the real-estate bubble, but clearly prices are no longer in free-fall. That means if you’ve been sitting on the fence, it’s time to act.

Bernanke optimistic economy will grow again soon
By Jeannine Aversa • The Associated Press
Speaking at an annual Fed conference here, Bernanke acknowledged no missteps by the central bank in managing the worst crisis since the Great Depression. But he conceded that consumers and businesses are still having trouble getting loans, even though the financial system is gradually stabilizing.
Economic activity in both this country and globally seems to be leveling out, and the economy is likely to start growing again soon, Bernanke said.
The mood here was decidedly more hopeful than it was last summer, when a sense of foreboding hung over the forum just before the financial crisis erupted.
Bernake’s hopeful remarks

Oriental, NC: Long-range planning reveals consensus
Charlie Hall
New Bern Sun Journal
ORIENTAL — An extensive two-year survey on long-range planning brought a consensus about life in the village that calls itself the “Sailing Capital of North Carolina.”

“People are pretty happy here,” said Barb Venturi, the vice chairman of the long-range planning committee appointed by the town commissioners in 2006.
To read the complete article about Oriental

Pending Home Sales on a Record Roll
Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2 percent to 97.6 from a reading of 94.6 in June, and is 12.0 percent higher than July 2008 when it was 87.1. The index is at the highest level since June 2007, when it was 100.7.
Source: National Association of Realtors

A_SWCLogo copy Inner Banks Living Goes On-Air with, “Saltwater Catch”.

Inner Banks Living knows that our area is a “Life Style Worth Sharing“. This is why they have teamed up with Saltwater Catch-The states premiere coastal website and with their upcoming radio program!
Listen to Saltwater Catch with Bill Hitchcock every Tuesday and Thursday afternoon at 12:30PM and Tuesday evening at 6:30PM on 94.1 WNBU, “The Talk of the Town” .
Broadcast radio coverage is from Kinston to the coast and from Sneads Ferry to Greenville.
Each weeks program will give in-depth coverage of fishing, fisheries management and issues, plenty of interviews with captains & guides and of course-A very detailed fishing report .
Each radio show will be available from the Saltwater Catch Website

Inner Banks Living is a proud sponsor and wants to highlight all of the greatness that the Inner banks of North Carolina has to offer.

_______________

Author’s Yougler Profile is at  Bill Hitchcock.

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