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NC Real Estate News and Notes Vision 2010: The Future of NC Real Estate Industry(pdf) - summary - The housing bubble won't be bursting in NC.  North Carolina home prices are below the nation average and there's room for considerable growth. NC will likely see contender growth as fewer retires will be able to afford housing in pricey places like South Florida. A recent survey by the TIAA-CREF financial services group finds that investors believe real estate is still a better bet than the stock market.  69% of investors preferred real estate compared to 24% who favored stocks. Guide to Knowing and Understanding Your Credit (2mb-pdf) - from Fannie Mae Economic Impact of Tourism - 3 Mountain Counties were part of top 12 counties that had double digit increases in tourism revenue for 2005.  Graham(Murphy/Andrews), Macon (Franklin), Jackson (Sylva/Dillsboro/Cherokee).  See % change data here Fast Facts - 2005 NC Visitor Profilec Fast Facts - 2005 NC Economic Impact of Tourism SEARCH AREA PROPERTIES Search N. Jackson County MLS - Bryson City, Cherokee, Dillsboro, Fontana, Nantahala, Sylva, Whittier, Webster Search Macon County MLS - Burningtown, Cowee, Cullasaga, Franklin, Holly Springs, Otto, Sanderstown, Watauga Don't see the area you are interested in? Email us and we will send you a shortcut to the area you desire.

 

NC Real Estate VA Loans On Jan. 1, the VA loan guaranty increased to $89,913 and the maximum loan amount was raised to $359,650. The critical requirements for home eligibility are an honorable discharge, an eligibility certificate and the ability to make the loan payments. All VA loans have a funding fee. For a borrower's first VA loan, the fee is 2 percent of the amount borrowed. That 2 percent is reduced to 1.2 percent if the borrower contributes more than a 10 percent down payment. Some seniors and aging boomers still don't know that reservists are eligible for VA programs. After 50 years of offering home loans only to vets who served active duty, the VA changed its ways in 1992. Men and women who have completed six years in the Army, Navy, Air Force, Marine Corps or Coast Guard Reserves, or the Army National Guard or Air National Guard, are eligible for VA home loans, including home purchase programs with no down payment. In addition, reservists who were called up to active duty after August 1990 and served 90 days continuously on active recall are eligible for VA loans and other benefits. This provision was inserted to help the thousands of men and women who were pressed into service during the wars in Afghanistan and Iraq.