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The Azalea Festival is in full swing with concerts, vendor booths and beautiful gardens. This weekend, Denise and I are going to go through a few home garden tours

Spring is in full bloom here in Coastal North Carolina. Flowers are in full bloom, Cherry and Pear trees in full color. Temps in the mid 70s, some days it gets cold into the 60s. Days like today are the reason we moved here

Before too long the summer will be here too. Southport has the largest 4th of July Festival and Fireworks in North Carolina. It is a must see, but plan ahead, their are thousands of people (and cars) in the area and reservations get booked up well in advance. Every coastal community has their own 4th of July Festival, so come on down and enjoy in the festivities

Speaking of the busy summer, if you are planning to come down and look at real estate, plan well in advance. Available hotel rooms get scarce if you wait till the last minute

PLEASE, let me know too when you are coming down. I pride myself and being well prepared when you arrive. I like showing the area as well as the homes so you can make an informed decision. Last closing I had, I saved the new home owners nearly 10 PERCENT!!! by researching the comps and thru some tough negotiations. I hope to do the same for you

See You Soon!!

RIDDLE OF THE MONTH

What is a word made up of 4 letters, yet is also made up of 3. Sometimes is written with 9 letters, and then with 4. Rarely consists of 6, and never is written with 5 (more...)

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blankMortgage Rates on the Rise Again This Week
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Daily Real Estate News | Friday, April 04, 2014

Mortgage rates ticked up slightly this week, as the 30-year fixed rate mortgage averaged 4.41 percent – more than a full percentage point higher than it was a year ago at this time, according to Freddie Mac’s Primary Mortgage Market Survey.

Freddie Mac reported the following national averages with mortgage rates for the week ending April 3:
30-year fixed-rate mortgages: averaged 4.41 percent, with an average 0.7 point, up slightly from last week’s 4.40 average. Last year at this time, 30-year rates averaged 3.54 percent.
15-year fixed-rate mortgages: averaged 3.47 percent, with an average 0.6 point, rising from last week’s 3.42 percent average. A year ago, 15-year rates averaged 2.74 percent.
5-year hybrid adjustable-rate mortgages: averaged 3.12 percent, with an average 0.5 point, up from last week’s 3.10 average. Last year at this time, 5-year ARMs averaged 2.65 percent.
1-year ARMs: averaged 2.45 percent, with an average 0.4 point, rising from last week’s 2.44 percent average. A year ago, 1-year ARMs averaged 2.63 percent. 


PONDERISMS:

Do you ever wonder why glue never sticks to the inside of the bottle?

Does pushing the elevator button more than once make it arrive faster?

Riddle 2 - When you do not know what I am, then I am something. But when you know what I am, then I am nothing. What am I?

Joke: You never want to encounter your past, present and future at the same time...It would be super tense
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blankSunnier Days Ahead in Housing, Freddie Says
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Daily Real Estate News | Friday, April 11, 2014

The housing market is stronger today than at any point since the Great Recession and has made progress in several key areas after hitting bottom in 2009, Freddie Mac reports in a blog post looking at the state of the housing market heading into spring.

Home sales are up 13 percent since their low point, Freddie Mac reports. Frank Notaft, Freddie Mac’s chief economist, predicts that home sales will rise about 3 percent in 2014.

Also, the agency reports that housing starts are up 50 percent since hitting bottom. Freddie Mac is predicting a nearly 20 percent increase in new-housing starts in 2014, “which will begin to help ease tight inventories in many markets.”

Housing prices have also been on the upswing, about 16 percent higher than their bottom in 2009, Freddie Mac reports. They expect home values to continue to rise this year, but at a more moderate 5 percent pace. Also, researchers say many markets are still posting housing values that are below their 2006 peaks.

Freddie Mac is forecasting mortgage rates to remain near their historic lows this year, but rates are expected to rise about a half-percentage point during the year to around a 5 percent average by the end of the year.

Source: “After Winter Chill, Time to Spring Forward,” Freddie Mac (April 10, 2014)


Riddle Answer:

1. Correct, the word 'what' has 4 letters in it, 'yet' has three, 'sometimes' has 9, 'then' has 4, 'rarely' has 6, and 'never' has 5.
2. Riddle
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Paul Schaefer
Broker, Lt Col, USAF Retired



4330 Southport Supply Rd
Southport, NC 28461


9104480727 (Mobile)


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For those of you who have set up dates to see homes - Remember to Save to Favorites the listings you like. I will use these to set up the showings a few days before you arrive. I will work to get you the best house for your hard earned money

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