Sunday, October 26, 2008

100% Financing Is Still Available - USDA Loans

NO Monthly Mortgage Insurance
NO Down Payments
NO Maximum Amount
30 Year FIXED Interest Rate
Unlmited Gifts Or Seller Contributions
To Qualify, Applicants Must:
Have Adequate & Dependable Income Which Must Not Exceed The Agency’s County Adjusted Income Limits For Moderate Income Families Based On Number In Household
Must Have Credit History Which Indicates A Willingness To Meet Obligations As They Become Due
Homes That Qualify:
New Or Existing Homes
New Manufactured Homes
Modular Homes
My preferred lender, Alpha Mortgage Corporation, has been in business for over 25 years and has a multitude of loan programs and products to suit most any buyer’s needs, even in these uncertain times! Contact Chris Hutchens today to discuss a new home purchase or refinance of a current loan with one of the following products:
100% USDA Loans
100% VA Loans
97% FHA Loans
95% Conventional Loans
80% Jumbo Loans

New community offering - Compass Pointe

Located off routes 74-76, less than 10 min. from downtown Wilmington, on 2,200 acres of what are described as the highest point in Brunswick Country, North Carolina, Compass Pointe is a huge undertaking that, like Brunswick Forest, Waterford of the Carolinas, and Magnolia Greens will be developed over 10+ years. First phases will include townhomes, patio homes, tropical-style homes, and custom home lots with townhome prices starting in the $150's and home and land prices starting in the $200's.Planned amenities, in addition to a village-style shopping area, will eventually include a 27-hole golf course, a tennis complex, swimming pools, fitness center, canoe and kayak launch, soccer field, many walking trails, a dog park, and an amphitheater. Compass Pointe has aready been named an Audubon International Gold Signature Community and will have at least two Audubon bird sanctuaries. Golf cart lanes on both sides of community roads will encourage alternative transportation use.
Please send me information

Wednesday, October 08, 2008

The Highlands at Castle Bay

The Highlands at Castle Bay is a unique community built around the area’s only true Scottish-links style golf course. Opened in 1999, The Highlands at Castle Bay offers prestigious low-maintenance brick homes with granite countertops, hardwood floors, stainless steel appliances, and ceramic tile baths, along with lovely views over the golf course and natural areas.

The serene setting offers scenic vistas, massive wooden arch-trestles and an abundance of wild birds.

The Highlands at Castle Bay is nestled on acres of rolling hills just north of Wilmington, NC, in the cozy city of Hampstead, NC. The Highlands at Castle Bay is a highlight of Hampstead, NC, real estate and provides excellent value, lifestyle, and amenities very close to the urban hub of Southeastern North Carolina, Wilmington, NC.

View youtube video here

Click here to search all Wilmington NC area properties.

Great Loans are STILL Available!

Alpha Mortgage Corporation has been in business for over 25 years and has a multitude of loan programs and products to suit most any buyer’s needs, even in these uncertain times! Call Alpha today to discuss a new home purchase or refinance of a current loan with one of the following products:

• 100% USDA Loans at 6%
• 97% FHA Loans at 6%
• 95% Conventional Loans at 6%
• 80% Jumbo ARMs at 6%

Above rates are based on a 720 credit score and are subject to change. Quoted as of 10-08-2008.

Pending Home Sales Rise As Buyers Grab Bargains

Pending sales of existing U.S. homes unexpectedly jumped in August to the highest level in over a year, data from a real estate trade group showed on Wednesday.

The National Association of Realtors Pending Home Sales Index, based on contracts signed in June, rose 7.4 percent in August to 93.4 from an updwardly revised index of 87.0 in July.
The August reading was 8.8 percent higher than a year earlier, and the highest level since 101.4 in June 2007.

Contact Lee

My lender, Chris Hutchens Interview By WWAY TV3 News

The whole current financial crisis seems to center on housing loans and shrinking credit, and the government’s financing plan will affect all of us in one way or another. But one local housing expert has a surprising analysis.

Now available - NEW Cape Fear Relocation Guide

If you're thinking about a move to the Wilmington NC area, This relocation guide is your total resource for relocation information in the Cape Fear Coast, Wilmington, New Hanover Beaches, Hampstead, Topsail Island, North Brunswick County, South Brunswick County and surrounding areas of North Carolina beach areas and NC coast.

The Relocation Guide is written for people relocating to this specific area, the guide also offers comprehensive up-to-date information in the prime relocation season to help new residents settle into their new home as easily and as stress-free as possible. Among the recurring departments are:

Getting to Know Wilmington and surrounding communities
Top Wilmington Neighborhoods
Area School Systems and Childcare
and many other fascinating facts and figures that are sure to intrigue the newcomer and long-time resident as well.

For your complimentary copy Click Here.

U.S.News & World Report Again Names UNCW a Top 10 Public Master's University in the South

For the eleventh consecutive year, the University of North Carolina Wilmington ranks as one of the top 10 public master's universities in the South according to U.S.News & World Report. U.S.News also placed UNC Wilmington fifth on its list of "up-and-coming" master's universities in the South.

This year, for the first time, U.S.News asked the top college officials who respond to its annual peer assessment survey to identify schools that fit the profile of an up-and-coming institution. Their survey identified 70 colleges and universities that have recently made "the most promising and innovative changes in academics, faculty, students, campus or facilities." UNC Wilmington was fifth on that list for the South, tied with James Madison University in Virginia and Union University in Tennessee.

In the South, UNCW ranks sixth among public master's universities in the 2009 edition, which is also where the university was ranked in 2008. Among all 121 public and private universities in the South that provide a full range of undergraduate and master's level programs, the overall ranking of UNCW stayed steady at 14th.

In addition, UNC Wilmington placed extremely well in the 2008 Forbes special report on America's Best Colleges. According to Forbes, UNCW ranks second among the public universities in North Carolina, behind only the University of North Carolina at Chapel Hill. UNCW also was rated second among its peer institutions, with only James Madison University ranking higher. Other universities on UNCW's peer institution list include the College of Charleston, the College of William and Mary, Murray State University, the College of New Jersey, Towson University and California Polytechnic State University at San Luis Obispo.

"It is gratifying to be recognized for our institutional achievements by U.S.News & World Report and Forbes," said Chancellor Rosemary DePaolo. "We have seven strategic goals that drive everything we do at UNCW, and we are making steady progress in every one of those areas, which is reflected in these rankings. It is a tribute to the daily efforts of our faculty and staff to ensure the most powerful academic experience possible for our students."

UNC Wilmington continues to be the first-choice university for a growing number of high-achieving high school students. UNCW's total enrollment for fall 2008 is expected to exceed 12,500 students. The university's freshman class of more than 1,200 students has an average SAT score of 1156 and an average high school grade point average of 3.75.

The complete U.S.News & World Report rankings can be viewed online at or in the September 1 issue of U.S News & World Report, available for newsstand sale Monday, Aug. 26. The 2009 America's Best Colleges guidebook will be available as of Tuesday, August 27.

Source:Dana Fischetti, manager of news and media relations, 910.962.7259 or

Click here For Wilmington relocation information and information on New Home communities.

Sunday, March 02, 2008

Milken Ranks Wilmington Tops in Workforce Additions

A new report concludes these are boom times for the Wilmington area when it comes to job growth.

The non profit Milkin Institute in Los Angeles, ranks Wilmington second in the nation when it comes to additions to the workforce. A 2005 survey by the same group had Wilmington ranked 59th. General Electric and Invista are among the local companies adding new workers.
See the report here

John Hinnant of Wilmington Downtown Inc. Also gives credit to the city's historic charm and the growth of businesses in the downtown area, including PPD. Hinnant says investors and developers are starting to take notice of the city's potential. "They see us on the verge of great growth. We've had a lot of interest from outside developers and investors looking to come to Wilmington and start projects because they know the quality of life is strong here. They know we are a magnet for corporations looking to establish offices in this area, and build their work force," explained Hinnant.

December's Money Magazine also has a pat on the back for Wilmington's economy, stating the housing market here is, to use their word, sizzling.

Search Wilmington Employment listings here.

New HBO series will film in Port City

'Little Britain' adaptation starts filming this month
By Amy HotzStaff

Craft services will have to stock up on their supply of tea. HBO confirmed Thursday that the "untitled Little Britain" project will open offices at EUE/Screen Gems Studios on Monday.

An American version of the bawdy British sketch comedy series was scheduled to film here last fall. But Matt Lucas, one of the show's writers and stars, told BBC Radio the show was put on hold because of the recent Hollywood writers strike.

Now that the strike is over, six episodes of the series will start production here this month.

The U.S. version will be produced by Simon Fuller, best known for producing American Idol and the U.K.'s Pop Idol. He was not a producer on the U.K. series.

Lucas and his business partner David Walliams will write, produce and star in the American series. The comedy duo earned a cult following in the original version, known for men in women's dresses and eccentric Monty Python-esque humor. What started as a radio show became a TV series in the U.K. that ran from 2003 to 2006.

According to the BBC, the series filming here will also be a sketch show, this time set in contemporary America, that will include new and existing Little Britain characters. Wilmington Regional Film Commissioner Johnny Griffin said the project will probably employ more than 75 people, most of whom will be locals.

The experienced crew base and our film infrastructure is one of many reasons HBO decided to bring the series here, he said.

"They also wanted a generic look to it that could play different parts of the country," Griffin said. Wilmington's varied landscape and architecture has doubled recently for New York in the locally filmed CW series One Tree Hill and for a South American jungle in the Richard Gere feature Nights in Rodanthe.

HBO was already familiar with the area, having shot the feature Idlewild here in 2004 and the Will Ferrell-produced pilot East Bound and Down last year.

It was while making that pilot that HBO expressed interest in bringing Little Britain to the region, Griffin said.

East Bound and Down has received a series commitment from the cable channel as well, and it's possible its episodes will shoot here after Little Britain wraps.

Rolling production of one HBO show into another would allow the company to retain certain crew members and probably save money in the long run.

"That's what our hope is," Griffin said. "It's good for us to know, 'OK, something must have worked for them before.'

"The Little Britain announcement comes just weeks after The CW asked One Tree Hill to create six more episodes for its fifth season. And Wilmington's H2O Entertainment, which produces Whittaker Bay, a teen drama that recently switched from WGN TV to the America One station, announced will begin shooting a feature called Redefining Love April 21.

Tuesday, February 19, 2008

Encore readers vote Coldwell Banker Sea Coast as Best real estate company

Coldwell Banker Sea Coast Realty has become the dominant agency in Southeastern North Carolina, now celebrating its 20th anniversary this year. Having opened shop on Wrightsville Beach, as Wilmington Sea Coast Properties, in a tiny office now occupied by a surf shop, Tim Milam, president, remembers his daily duties as a new agent included “putting up the flag outside in the parking lot.”

Milam, along with his wife, Vicki, and business partners Jim Clark and Jim Teachey, bought what became Coldwell Banker Sea Coast Realty from his brother in 1996 when it had one office and about 30 agents.

Since then, the company has grown to more than 300 agents in seven offices in New Hanover, Pender, Brunswick and Onslow counties.

Sales success has followed; Sea Coast Realty selling more properties in the Southeastern North Carolina market for the past eight straight years than any other company, and also recording the highest dollar volume of sales for the past two straight years, and three of the past five. But as Milam is fond of saying, “The numbers are great, but what’s more important is treating people the right way.” That attitude has created what is known among his sales associates and staff as “the Sea Coast Family.”

“We really do look after each other, and our people are very generous in supporting charities and other worthy causes in the communities we serve,” he said. “It makes me proud every day to work with such a caring, giving, and supportive group of people.”

It’s also nice to be recognized by local publications such as encore, Milam said, “because we know your readers voted for us because they’ve had good experiences with our company, and that means so much to all of us.—Chip Pearsall

Sunday, February 17, 2008

Star News Article On Strong Wilmington Market

Housing market in area stays strong amid crisis

Almost everyone in the U.S. has felt some aspect of the housing and credit crisis - but some have felt it a lot more than others. Homeowners around the Cape Fear region can count themselves lucky, though, because the Wilmington-area housing market has remained relatively strong as sales have plunged across the country and, along with them, prices in some places. Not so here. While median home prices dropped 1.4 percent nationally in 2007, they actually rose here by 3.6 percent, to $211,377, according to data from the Wilmington Regional Association of Realtors.North Carolina in general had the seventh highest appreciation in home prices among the states in the 12 months ended Sept. 30, according to the Office of Federal Housing Enterprise Oversight, a U.S. agency whose data is considered especially comprehensive and reliable.

Why would the Wilmington area fare so well even as places like Florida, Nevada and California find themselves in a housing tailspin? Many states where prices and sales have suffered the most were either highly speculative resort areas - such as Nevada - or states where the economies have taken a big hit, such as the manufacturing centers of Michigan and Ohio, said Susan Lacy, president of the Wilmington Realtors. “Wilmington is a regional area that offers medical services and shopping, the arts, the university. These are things that are hard to put out of business,” she said. “We have enough diversity in our job market that we should have a lot of economic stabillity in this area.”

Wilmington comes closer to mirroring the national picture in sales, which fell here by 17.6 percent in 2007 while they dropped 12.8 percent nationally. But both numbers follow the go-go days of 2005, and those sales were unsustainable, Lacy and other real estate agents say. While Wilmington-area sales are down 31 percent from 2005 levels, they are up 63.5 percent from 2001. Sales in 2007 were lower than in 2004, but higher than in 2003, Lacy pointed out.
“We’ve gone back to a normal market,” Lacy said, pointing out that average days on the market for homes here rose from 66 in 2006 to 95 days in 2007 - still just five days more than the typical listing agreement. Meanwhile, sellers in 2007 were still getting 97.35 percent, on average, of the list price of their homes, she said. That was down only slightly from 96.59 percent in 2006.

But, if your home is sitting and others are selling, it might have something to do with your price range. “Things are selling in a couple of different price ranges,” Lacy said. “The markets that are $400,000 and less have a quick turnaround,” she said. “The mid-market ($400,000 to $1 million) has a lot of inventory” because “there are not a lot of move-ups because of the media,” Lacy said, referring to news coverage of the real estate markets. “So, it’s a stronger buyers’ market in the $400,000 to $1 million range. “The upper luxury market is not as affected by day-to-day economic isues,” she added.

The Wilmington area figures include new construction homes (the national data do not), and because of rising costs to build and also escalating land prices, newly built homes can cost more than existing ones. “New construction can lift prices, but more typically with existing homes you’re looking at a different buyer profile,” Lacy said. “Typically you’re going to get more home with existing because it is usually at a lesser rate per square foot.”

Understanding the Southeastern North Carolina housing market - or most markets across the country - can be confusing because the data do not follow city or county lines, but rather the areas served by more than one multiple listing service, or MLS.