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World Renowned Surgical Pioneer Launches ECU Lecture Series

by Pistol Tingen

 

September 25, Dr. W. Randolph Chitwood, Jr. delivered the inaugural lecture in the Voyages of Discovery Lecture Series offered by the Thomas Harriot College of Arts and Sciences at East Carolina University located in Pitt County, Greenville, NC.  Speaking on the history of heart surgery at East Carolina University, Dr. Chitwood addressed an audience of more than 200 people.

Dr. Chitwood is the senior associate vice chancellor for health sciences at the Brody School of Medicine, director of the East Carolina Heart Institute and a cardiovascular surgery professor at the medical school.  Dr. Chitwood described innovations that began with the turn of the 20th century as well as medical innovations that continue today—including his development of the da Vinci Surgical System currently used to help patients at the Brody School of Medicine. Chitwood uses the system he developed and conducts minimally invasive surgery remotely with robotic arms.

Surgeons from around the world travel to Greenville, NC to study and learn the da Vinci Surgical System techniques developed by Dr. Chitwood.    Chitwood’s recognition that robotic technology could provide surgeons with the visibility and freedom of movement required for performing cardiac surgery resulted in his development of the da Vinci System.

The Brody School of Medicine is the first U.S. institution to perform robotic-assisted mitral valve surgery.  The Cardiovascular Center at Pitt County Memorial Hospital currently performs 1,200 cardiac surgical, 3,000 interventional, and 5,000 catheter-based procedures every year according to Dr. Chitwood. He described the surgery as being very much like virtual reality. “You are doing the operation as if it is a hand motion, but there are not the mistakes that hands can make,” he said. 

The University Health Systems (UHS) 2008 Quarterly Report, Dr. Chitwood leads the field in heart surgery using the robot, and he recently performed his 400th robot-assited mitral valve replacement.

Dr. Chitwood is a member of 25 professional societies, and is the President of The Society of Thoracic Surgeons. The community of Greenville, NC is proud and fortunate to claim the world-renowned surgical pioneer as one of our esteemed residents..

For those individuals who would like to learn more about all that Greenville, NC has to offer, The Pistol Tingen Real Estate Team provides an extensive, informative Newcomer’s Relocation package.  For immediate response, please contact our office to speak with one of our licensed professional Realtors at (252) 321-6161.

North Carolina Global TransPark Newest Site for Spirit AeroSystems

by Pistol Tingen

 

Marking another sign of growth for the North Carolina Global TransPark, Spirit AeroSystems, Inc. broke ground this week. For the Global TransPark--located in Kinston, NC and just minutes from Greenville, NC, this ground-breaking represents the beginning of a significant economic development. The GTP is a cargo airport and transportation hub created in 1991 to bring jobs to the eastern part of North Carolina.

Spirit AeroSystems, Inc.is the world’s largest independent supplier of commercial airplane assemblies and components and is based in Wichita Kansas. Spirit AeroSystems, Inc. announced May 14, 2008, that it would expand its operations in to Lenoir County, a close neighbor to Pitt County, NC. According to Spirit, their new facility will hire 1,031 workers and invest more than $570 million in the project.

In a press release, Gov. Mike Easley stated, “This groundbreaking represents a tremendous opportunity for Kinston and Lenoir County, North Carolina’s emerging aerospace industry and eastern North Carolina”. In addition Easley said, “When construction is complete, we will have one of the world’s most advanced aerospace fabrication and assembly plants”.

Completion of the projected 500,000-square foot manufacturing facility is scheduled for April of 2010. Initially, Spirit will employ 500 people, with plans to grow employment to the 1,000 number when all five phases are fully implemented. According to Dan Wheeler, Vice President and General Manager of the North Carolina Business Unit, Spirit will begin recruiting engineers later in the year. Wheeler commented that several hundred engineering positions will be created for the Kinston GTP facility.

For relocating individuals seeking real estate assistance in the areas surrounding the GTP, The Pistol Tingen Team provides superior, professional service. Our team specializes in helping families learn more about the Greenville and Kinston areas. Whether relocating to or simply moving within Pitt and Lenoir counties, please contact The Pistol Tingen Team at (252) 321-6161.

Greenville, NC Ranks 10th Largest City in North Carolina

by Pistol Tingen

 

The most recent U.S. Census Bureau’s annual population estimates reveal that Greenville, NC is on the rise.  Based on the Bureau’s figures, as of July 1, 2007, Greenville has passed Asheville and Jacksonville—ranking Greenville, NC as the 10th largest city in the state of North Carolina. With a population of 76,058, Greenville has increased 3.4% over the 2006 Bureau figures.

In 2006 the U.S. Census Bureau figures showed that Greenville had the second fastest growth for a municipality of more than 40,000—second behind Cary, NC.  This year, Bureau statistics reveal that Greenville is the fifth fastest growing city behind Huntersville—with a growth rate of 9.1%, Cary—with a growth rate of 7.2%, Raleigh—with a growth rate of 4.2% and Concord—with a growth rate of 3.8%.

Much of Greenville’s growth is due to the increasing interest in Greenville, NC as a desirable relocation destination because of the city’s variety of attractive characteristics. To learn more about relocating to Greenville, NC, please contact The Pistol Tingen Real Estate Team at (252) 321-6161.

U.S. Government to the Mortgage Rescue?

by Pistol Tingen

 

Before the weekend comes to a close, both FannieMae and FreddieMac may lose control to the United States Treasury Department.   Steven Adamske, spokesman for House Financial Services, stated, “We are waiting to see what the details are”.

Both FannieMae and FreddieMac currently buy and package mortgages for other investors, and together hold or guarantee $5 trillion in housing debt—a figure that represents nearly half of the nation’s total.  The financial health of these two mortgage giants is critical to the housing market.

FreddieMac and FannieMae  are chartered by the government but are shareholder owned—funded solely with private capital raised from investors on Wall Street and around the world. Without question, they are the nation’s main source of liquidity for home loans.  At the present time, neither mortgage company appears to be in imminent danger of failure.

The plan under consideration could place Freddie and Fannie under federal control, and could include steps to dilute common stock while sheltering the agencies from financial losses. 

Federal intervention could serve as a partial remedy to help correct the slumping housing market by easing fears about the solvency of FreddieMac and FannieMae.  Both Freddie and Fannie could then obtain funding easier, which could lead to lower interest rates on mortgages and provide a jolt to the housing market.

Mark Zandi, chief economist and co-founder of Moody’s Economy.com, commented, “It’s a bold move and it certainly has big plusses.  Mortgages rates would lower and more credit would be available.  Stepping in like this will be a big shot in the arm to the stock market and bond market.  It’s a very positive step.”.

Certainly these are some changing times in the entire real estate market.  Throughout the fluid housing market of Greenville, NC – Pitt County, The Pistol Tingen Team continues to offer unwavering, professional real estate service to the community. Whether buying or selling, please contact us (252) 321-6161 for all your real estate needs.

30-year Mortgages Lowest in 6 Weeks!

by Pistol Tingen

 

Good news! Right before the Labor Day weekend, rates on 30-year mortgages fell for the second straight week, declining to the lowest level in more than a month.

On August 28 Freddie Mac, the mortgage company, reported that 30-year, fixed-rate mortgages averaged 6.40% for the week, down from 6.47% a week earlier. The rate was the lowest since the week of July 17 when 30-year mortgages were at 6.26%.

 

The Freddie Mac survey also showed that other mortgage rates were mixed during the week.  Rates on 15-year, fixed-rate—a popular choice for refinancing, fell to 5.93% from 6%.  Rates on five-year, adjustable mortgages averaged 6.03%, up slightly from 5.99%.  Rates on one-year, adjustable-rate mortgages also edged up slightly to 5.33%, from 5.29%.

 

A year ago, rates on 30-year mortgages stood at 6.67%, 15-year mortgage rates averaged 6.12%, five-year adjustable-rate mortgages were at

6.35%,  and one-year adjustable-rate mortgages stood at 5.84%.

 

While mortgage rates remain attractively low and there continues to be a surplus of homes on the market, now is a great time to purchase a home in Greenville, NC.  The Pistol Tingen Team is always available to assist with your real estate needs at (252) 321-6161.

 

Displaying blog entries 1-5 of 5

BERKSHIRE HATHAWAY HomeServices Prime Properties,   Greenville, NC, 2625 Charles Blvd.

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