The Week in Review
…..your Wilmington Connection
May 24, 2009
Its absolutely gorgeous out this weekend! Perfect weather for the long weekend. Thinking of looking at some homes? Give me a call or drop me an email I can show you any home on the mls!
New Hanover county agrees to the Tax Revaluation
Property revalutaions are scheduled for 2011 although there were some who wanted it to be delayed until the economy improves. Many property owners want it to take place. The sooner the better. The council all agreed that it will be done every 4 years from 2011. However this could mean the upcoming revaluation would mean lower tax bills for residents along the coast and higher bills for inland residents in Wilmington.
Facing Foreclosure?
Are you close to foreclosure? There is help. TheFirst Federal of Charleston and the Southeastern Foreclosure Task Force will give free foreclosure clinics in Wilmington on Saturday, June 6, at 9 or 11 a.m. and 1 or3 p.m.Located at the Executive Development Center at the University of North Carolina Wilmington.These free clinics are open to all homeowners who face this problem doesnt matter who your lender is.
Real Estate in our Port City?
April home sale prices
(APRIL 2008 in parentheses)
Average price of homes sold: $221,742 ($244,703)
Median price of homes sold: $184,500 ($199,590)
-from the WRAR
Mortgage rates
Average, MAY 21 (Week earlier in parentheses)
30-yr fixed: 4.82 (4.86%)*
15-yr fixed: 4.50% (4.52%)*
5-yr ARM: 4.79% (4.82%)+
1-yr ARM: 4.82% (4.71%)+
* Plus 0.7 point
+ Plus 0.6 point
- Freddie Mac
until next week in The Week in Review
….Tina
