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Greenville, NC Ranked #2 City by Forbes Magazine

by Pistol Tingen

In a special report released on March 25 by Forbes Magazine, Greenville, NC ranked second in the category of the nation’s Best Small Metropolitan Area for Business and Careers.  Greenville is the 10th largest city in North Carolina. In 2008 Greenville ranked eighth in the same category by Forbes Magazine. 

Growth and stability continue for the developing city of Pitt County.  Research from East Carolina’s School of Business indicates that the local work force grew by more than 14 percent over the past five years—that’s more than double the growth experienced by the state as a whole.  Employment is essentially spread across these three sectors:  education, healthcare and manufacturing.

Education is the economy’s main engine. With an operating budget of close to $600 million, East Carolina University employs a diverse group of over 5,000 people, while Pitt Community College has more than 800 faculty and staff members.  The 6,000 people who work at University Health Systems of Eastern Carolina include over 400 physicians.  The approximately 100 manufacturing companies in the county employ 9,000 people.

In the larger metropolitan category, Forbes Magazine ranked Raleigh, NC as the nation’s top city for the third straight year -- awarded for its strong job growth, low business costs and highly educated workforce.

If you are interested in learning more about the Greenville, NC - Pitt County area—and especially relocation and real estate information, 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.

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.

 

NC Retirement Community Offers Activities and Leisure

by Pistol Tingen

Greenville, NC offers an excellent option for those looking for a retirement community that provides a full spectrum of services and conveniences. 

Cypress Glenn is a United Methodist continuing care retirement community located in Greenville, NC within Pitt County.  The community is managed by Life Care Services LLC, a national leader in senior housing.  The 91-acre campus features spacious, well-designed residences, including cottages, apartments, suites and private rooms.

The diverse community offers a café for casual dining, a gift shop, a wellness center/exercise facility, an aerobics pool, a chapel, an arts and crafts room, a library and a beauty parlor and barber shop.

Residents can take advantage of total access to a full continuum of health care--including a clinic, assisted living, memory care, independence plus care and skilled nursing.  A full safety and security force offers residents peace of mind.

At Cypress Glenn, residents enjoy a retirement lifestyle as active as they choose.  A wealth of educational, cultural, social and spiritual activities is always available on the Cypress Glenn campus. Conveniently located, Cypress Glenn is just minutes away from East Carolina University (ECU), Pitt Community College (PCC), The Brody School of Medicine and Pitt County Memorial Hospital (PCMH).

Whether looking for the perfect retirement community for yourself or a family member--or if you have any other real estate needs, The Pistol Tingen Team would be pleased to be your real estate source in Greenville, NC. Call us at 252.321.6161 with questions or for assistance.

Foreclosures as Investment Properties

by Pistol Tingen

With the growing availability of foreclosure properties, many bargain shoppers are thinking about buying one of these “lender-owned” homes. Some of the would-be buyers, though, worry about purchasing a house filled with unknown problems.  When asked for her advice, money-savvy investment expert, Walecia Konrad gave the following advice.

“More properties than ever are in foreclosure, and the number may climb—to 2.5 million by the end of 2009, according to Lehman Brothers. But auctions on the courthouse steps, where speculators pay cash on the spot for homes they probably haven’t inspected, aren’t the place to buy.

Better to try the aftermarket, says Lawrence Yun, chief economist for the National Association of Realtors. Some of the best deals are found in what goes by the awkward term real estate owned or REO homes. These are properties that did not sell at auction and are then put back on the market by the lender. So you can inspect them as you would any home, discover any problems or liens, and know what you’re getting into.

With the glut of properties for sale, Glen Daniels, director of REO sales at Foreclosure.com says that lenders have become very motivated sellers. Daniels also stated that he’s routinely seeing 20 percent discounts on these properties.

Such online services (including ForeclosureS.com and RealtyTrac) collect data on foreclosed and lender-owned homes, then sell access to those listings for a fee, usually about $40 to $50 a month. And there are state-and region-specific sites such as ForeclosuresNH.com.

A real-estate agent who specializes in lender-owned properties can also help you find REO homes. Quiz any brokers you approach on how, and how quickly, they learn of bank-owned property coming to market.”

For both Pitt and Greene counties--which covers Greenville, NC and surrounding communities, all FannieMae Foreclosures are marketed through The Pistol Tingen Team.  Experts in directing home buyers through the maze sometimes associated with lender-owned homes, The Pistol Tingen Team is always the first contact to be made aware of FannieMae properties. (FannieMae has a federal charter and operates in America’s secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates.)

If you have a question about area FannieMae foreclosures or other foreclosures currently on the market, call The Pistol Tingen Team at 252.321.6161.

Record Your Home Inventory

by Pistol Tingen

Now there's no longer a good reason to put off recording your home inventory for insurance purposes.  Whether you're a first-time home owner or on your fourth home and considering a relocation, cateloging a room-by-room record of your personal posessions has never been easier--thanks to a free download from the Insurance Information Institute.

The Know Your Stuff Home Inventory software (Windows and Mac OS X) is a full featured tool for itemizing your posessions in case disaster should strike. Wizards guide you through the basic setup of your inventory, then using Know Your Stuff's simple interface you can add rooms and items to the inventory.  For each item you enter you can assign photos, receipts or appraisals, make/model/serial number, quantity, and replacement cost.

Don't know how to get started? It's simple!  There are easy to follow guides and prompts to help you get started on the Know Your Stuff website.  This site is especially helpful if you've never done a home inventory before and aren't sure where to start or what to include. 

Once you've created your home inventory record, you may want to take advantage of additional security measures offered by Know Your Stuff.  Through your application you can export the file you've created and save it to external media or to a remote location, upload the file to Vault 24 (a remote backup solution integrated into the software, which unfortunately costs $15 a year), or you can go the old fashioned route and print the inventory and store it in a safe location.

The Know Your Stuff Home Inventory software is a  free download for Windows or Mac. And don't forget as you're conducting your home inventory, if you have any home or real estate-related questions that come to mind be sure to contact The Pistol Tingen Team.

Displaying blog entries 1-6 of 6

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

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