Buying a house or investing in a lifestyle?

November 19th, 2011

Live and love your life in an amenity community.

Decades ago when buying a house, people only looked for enough space and an afforadable price. Then, about 50 years ago, something came along that changed the housing market competely. Master planned communities were popping up and were filled with amenities that made life more interesting, healthy and fulfilling.   They gave incentives to home buyers to invest in more than just a house. In simple terms, amenity communities give people a lifestyle.

In real estate, an amenity is any tangible or intangible benefit of a property. It increases attractiveness, value and contributes to a property’s comfort and convenience.  There are smaller amenities like public gardens, pools, party rooms, picnic areas and bike paths. Larger amenities include things like golf courses, tennis clubs, health clubs, beach houses, marinas and community centers. There are thousands of options and are only limited by the imagination.  Less tangible amenities can include waterfront views, nearby activities, a low crime rate, options for guests of residents or active social networks in a neighborhood.

Just having a list of amenities in a community is not enough. A community must inspire use of the amenities by making them easily accessible, clean, state of the art and in any other way a desireable commodity. They must evoke an ambiance that encourages residents to be actively involved and take pride in their community.

Having vast amenities and having an active, friendly community go hand in hand. Appropriate and entertaining facilities are used by more people, and when people get to know their neighbors they are more apt to get involved with their community. Friendships grow, lifestyles are enriched and safety is increased in well socialized communities.

Communities with inspiring amenities are communities that have happy and fulfilled residents. They are full of people who love the life they live and live the life they love. They are places where people are inspired to better themselves on a daily basis and are therefore happier in their existence. Amenity communities make the difference between buying a house and investing in a lifestyle. Just ask anyone living in one!

Take a look at the beautiful amenity communities in the Southport area…

Local Magazine Hosts Women’s Expo

November 11th, 2011

women united

The Wilma Expo is the Wilmington region’s largest event especially for women. It is sponsored by Wilma Magazine which is a local magazine that focuses on everything female in the surrounding areas. All ages, cultures, socioeconomic backgrounds and interests are represented in this local publication.  The Expo is proposed to be a live version of the magazine, including booths for…

There will also be free seminars  to improve your career, health and home. Local grocery stores, florists and colleges are just a few of the presenters that will be talking about how to get the most out of life for women in our area.

If you register ahead of time, you are eligible for great giveaways including $500 Belk gift cards, entry into UNCW’s Business Certificate Program (a $1,095 value), gym memberships, spa treatments, and more!

You must register to attend and be eligible for the giveaways. There is a $5 entrance fee that will be waived for those who register ahead of time with a special code that is offered by many of the exhibitors. Check out our facebook page to find a link to an article about a  local business exhibitor that will give you that free code (posted on Nov 4th). While you are there, give us a like!

We are excited that this expo will showcase the wonderful options available in our lovely southeastern communities for women to experience a full and happy lifestyle. We hope all will take advantage of what this area has to offer!

Oaktoberfest 2011

October 28th, 2011

Oak Island, NC is a beautiful community filled with charm and fun things to do. This year, the community members are proud to announce their first annual OAKTOBERFEST!

Get ready to Hokey Pokey your Lederhosen off!

Oaktoberfest 2011 Info

Oaktoberfest will take place on Saturday, November 5th at the Middleton Park Soccer Field. This year’s Oaktoberfest will include food vendors, live music, a fun Kidzone, fishing tournament and more!

Schedule:

7am
Farmer’s Market Opens

8am
Flounder/Speckled Trout Fish Tournament Registration
Cash Prizes!

11am
Kidzone Opens
Bounce Houses and MUCH more!

1pm
Harbour Towne Fest Band
The Harbour Towne Fest Band is a full size authentic Blaskapelle band and is the premier Oktoberfest band in the Cape Fear area.

4pm
Fish Tournament Weigh-In

8pm
Jim Quick and Coastline Band
9 Time “Entertainer of the Year” Award Winner Jim Quick and his Coastline Band will be performing from 8pm – 11pm.
There is no charge to enter beer garden 11am – 7pm.
The tickets are $8 in advance $10 at the festival for the concert.
Beer mugs will be $5 (16oz) $8 (34oz) beer prices will be $3 for 12oz cup or 16oz mug and $6 for 34oz mug.

T Shirts will be between $14 and $18 depending on size and long sleeve vs short sleeve. (xxl and xxxl sizes available.)

Interested in Volunteer Opportunities?
Email: abeacham01@gmail.com

Oak Island Real Estate

The State of Today’s Mortgage Lending

October 27th, 2011

The state of today’s mortgage lending is characterized by three major factors: market volatility, accountability, and challenges in selecting the right mortgage lending source.

Market volatility refers to both mortgage rates and home prices.  Mortgage rates, which depend on publicly traded bond markets for mortgage backed securities (MBS), fluctuate daily, if not several times a day, due to global and domestic economic events.  Threats of inflation, government borrowing, economic trends, foreign debt and trade, political unrest affecting commodity prices, stock market activity—all of these cause reactions in the bond market that affect mortgage rates.  Although rates are at all time lows, it is now virtually impossible to time the market, so a rate quoted at 9am could be drastically different only a few hours later.  A trained professional should be able to show you how the bond market is performing, analyze trends, and be a “personal shopper” for their clients in the volatile rate environment.

Home prices are scrutinized like never before.  The appraisal, and, indirectly, who performs the appraisal, becomes one of the most important factors in loan approval.  Many large bank lenders use third party appraisal management companies to assign appraisers, and this creates a risk that the appraiser is not knowledgeable about the trends in the local market.

Home prices in a given neighborhood could also vary widely depending on the existence of distress sales (foreclosures and short sales), and sifting through the relevant comparable sales can be a challenge.  Some areas are actually appreciating in value, despite what you might have heard in the news, but you need a local, experienced appraiser who really understands the market to provide the most accurate evaluation.

Accountability applies both to borrowers and their loan originators.  Borrowers must now provide more documentation than ever before—tax returns and bank statements are required for all loans—as well as be expected to sign more disclosures and forms than any other time in mortgage origination history.  Cash flow is much more important than assets, and newly self-employed or retired people need to plan carefully if they intend to purchase a home with income sources that they have not drawn upon for appropriate lengths of time.

There are still many low down payment options for home buyers as well, including USDA, FHA, VA, and, yes, loans with private mortgage insurance.  Such loans are appropriate not only for first time homebuyers but also people relocating to new areas who have had to sell their previous homes for lower prices, and hence, have limited funds for down payments.

Borrowers should no longer expect to get a rate quoted without providing important information and allowing their credit history to be checked.  Borrowers with lower credit scores may either pay higher rates or find themselves ineligible for any loan until they take steps to raise their scores.

People who pay their bills on time, have steady incomes, and have good credit scores (720+) can get loans at unprecedented low interest rates.  Self employed and commissioned people have to show track records of success in their work and not deduct so many expenses that their cash flow becomes too low to qualify.  People who can’t prove their income can’t get loans.

A loan originator must now be an expert in coaching his or her clients in gathering and presenting a loan application package that is comprehensive and addresses any issues up front.  That originator also needs to work for a lender who can offer quick turn times for loan decisions and make all decisions in-house.  Many large bank lenders can no longer close loans quickly, and have very little accountability to the borrower in keeping track of their files.  Loan originators should have in place a disciplined regular communication program for every loan that keeps every party (borrowers, realtors, attorneys) proactively informed.

Thus choosing the right lender becomes critical.  While rates are important, most lenders tend to have rates in a similar range as their loans all ultimately end up in the same secondary bond market.  Minor pricing variations could result from quotes at different times, different lock periods, or levels of service.  Many low-priced lending sources such as internet lenders will not offer the personal attention, service, and accountability that a local loan originator will provide, not to mention the on-the-ground local problem solving necessary to get things done properly.  Finding the right lender is as simple as asking 7 questions; for more information on this, watch the video at http://vimeo.com/25821745.

In summary, to properly navigate today’s lending environment requires working with trained, experienced local professionals to help prospective borrowers understand the market, use local appraisers, compile a solid loan application, and remain accountable to the borrower throughout the process.

Our guest contributor, Kabir Mahadeva, is a mortgage banker with Alpha Mortgage Corporation of Wilmington, NC.  He has over ten years of experience in mortgage lending, holds two professional certifications in mortgage planning, and specializes in coastal and second home markets as well as has a special interest in assisting first time home buyers.

The Joys of Living by the Beach in Southern North Carolina

October 19th, 2011

 

Sunrise in coastal North Carolina

Sunrise in beautiful coastal North Carolina

“For whatever we lose (like a  you or a me) it’s always ourselves we find in the sea.” Those beautiful words by E.E. Cummings explain the attraction we all have to the ocean. We spend our whole summers getting there as often as possible. Then fall weather comes and it’s “bye-bye” until next summer, which always seems an eternity away. Unless you live in North Carolina, that is! We have a summer that lasts from March until November and in between we have random warm beach days that come back out of the blue! It is something that brings northern blooded people to our coastline throughout the year. And speaking of our beautiful summer, It never gets too hot on the beach here in southeastern North Carolina. There is always a light breeze that makes you feel like it truly wants you to stay a while. The water is warm and the sand is soft and the only problem is deciding how far to stroll or how close to sit to the lapping waves. The warm ocean water is perfect for surfing or swimming with the dolphins and the Intracoastal Waterway just around the corner is calm enough for a kayaking  trip or long board paddle. Fishing on the shore or in the deep sea is a choice you can make daily. Do you want your cocktails by sunset or by moonlight on the many establishments that grace our shores? Or would you rather a picnic dinner that times itself perfectly with the dolphins passing by?  Sandcastles should be something that we all see on a daily basis.  No one can deny the peace that the ocean brings and the inspiration we feel when we see it, smell it, or feel it. 

Take a minute and imagine how different your days would be if you could walk on the beach every morning and spend evening sunsets with the ones you love.

Contact us to see how easily that beach life can truly be yours. We have homes that fit almost any budget and once you can see yourself on our beaches, you will never see yourself anywhere else. There is a reason why we don’t need to convince people to move here – the coastal lifestyle does all the work for us!

Boating in Southport, North Carolina

September 30th, 2011

A lot of people ask me if I were shipwrecked, and could only have one book, what would it be?

I always say “How to Build a Boat”.     

–Stephen Wright (actor/writer)

 

Ahh, the open water….Boaters are never anything but completely immersed in the lifestyle when they are sailing on their vessel of choice. Whether taking a relaxing cruise through the tidal creeks or an exciting excursion on the Atlantic, there is something for every boater in southern coastal North Carolina.

There are many marinas to help you get the most out of your boating lifestyle in our coastal towns. We will highlight a few of our local favorites in the Southport area.

St. James Marina -

Enjoy year round boating at this full service marina (everything from gas to maintenance). With access to the Atlantic by a quick cruise through the Intracoastal  Waterway, this marina offers 155 wet slips and 320 dry slips. The dockmaster can arrange fishing charters and sightseeing cruises, too!

What about when you work up an appetite taking in all the beauty and adventure the coastal waters have to offer? Tommy Thompson’s Grille is the place to feed the beast and whet the whistle. With a full service menu from breakfast through dinner and cocktails at the Tiki bar, you will become a regular like so many have before you.  The food is freshly made to order to meet the tastes of any who visit. Speaking of variety, next door at Tommy’s Market you can find absolutely everything you could ask for! Wine, beer, fresh soup and salad bar, gourmet meats, snacks and specialty items, ice cream and coffee bar, and even gifts.  Most importantly they offer everything you need for your boating excursion. You’ll surely want to stay a while, and it is easy to do when you buy one of the gorgeous houses or condos within walking distance! Be sure to look into the amenity filled lifestyle that St. James Plantation Real Estate has to offer.

South Harbour Village Marina

Located at the base of the bridge to Oak Island beaches, South Harbour is a full/transient dock with everything  from WIFI to laundry facilities. With amenities like showers, taxi services and bike rentals, it is easy to get that second wind and explore the local scenery.  If your travels have made you hungry, but satisfied your need for adventure, there are relaxing options just a few steps away. The Dead End Saloon Fish Factory Grille located at the marina is a casual and quick option for lunch or dinner. With two outdoor patios and an indoor bar with a great view, you can fully recooperate from a day of boating.  Joseph’s Italian Bistro  also located at the marina, is well known for its fine dining choices for lunch or dinner. With recipes that have been passed down for generations, you know they have to be fantastic! Enjoy a drink from their extensive wine list and full bar while sitting in the lush dining room with the eye catching ocean view,  or bask in the sunset on their deck.  If that doesn’t put the wind back in your sails, nothing will! Be sure to check out Oak Island Real Estate to find out more about this beautiful community.

Southport Marina -

One of the largest amenity laden marinas in North Carolina, the Southport Marina is a fully nautical experience. Walking distance from downtown Southport, it makes exploring the local community, restaurants and shopping an easy excursion. It has a floating dock house and a transient/fuel dock with over 200 in-water protected slips and a 220 unit dry stack facility. Home of a Gregory Poole Marine Center, it has everything from mechanical and electrical repair, exterior refinishing, and a 75 ton travel lift (just to name a few of the services they offer). The marina also offers sail fishing and sight seeing tours through USCG licensed captains. Family reunion coming up? Need to make up for last year’s boring office party? You can rent the dock for special occasions! Now that would be an event to remember. See the available Southport NC Real Estate that can be found so close to this boater’s playground.

No matter what experience you are looking for in the boating lifestyle, it is available to you in the Southport area of North Carolina. Sunset cruises to deep sea charters, tidal creek fishing to light house tours, beach picnics to elegant seaside dinners are all just a few of the options that await you when you enter the world of coastal marina living in Southport, NC!

Remembering 9/11: 10 Years Later

September 10th, 2011

Remembering9/11We Must Never Forget.

By ADAM GELLER
The Associated Press

NEW YORK • Ten years on, Americans will come together Sunday where the World Trade Center soared, where the Pentagon stands as a fortress once breached, where United Airlines Flight 93 knifed into the earth.

They will gather to pray in cathedrals in our greatest cities and to lay roses before fire stations in our smallest towns, to remember in countless ways the anniversary of the most devastating terrorist attacks since the nation’s founding, and in the process mark the milestone as history itself.

As in earlier observances, bells will toll again to mourn the loss of those killed in the attacks. Ceremonies also will consecrate new memorials in lower Manhattan, rural Pennsylvania and elsewhere, concrete symbols of the resolve to remember and rebuild.

But much of the weight of this year’s ceremonies lies in what will largely go unspoken — the anniversary’s role in prompting Americans to consider how the attacks changed them and the larger world and the continuing struggle to understand 9/11’s place in the lore of the nation.

“A lot’s going on in the background,” said Ken Foote, author of “Shadowed Ground: America’s Landscapes of Violence and Tragedy,” examining the role that veneration of sites of death and disaster plays in modern life. “These anniversaries are particularly critical in figuring out what story to tell, in figuring out what this all means. It forces people to figure out what happened to us.”

First, Saturday’s dedication of the Flight 93 National Memorial at a former strip mine near the town of Shanksville, in western Pennsylvania. Former President George W. Bush and Vice President Joe Biden, as well as families of the 40 passengers and crew killed when their revolt against hijackers of the United Airlines jet ended with its crash, stood under gray skies in a field soggy from rain.

The Pennsylvania memorial park is years from completion. But the dedication and a service to mark the 10th anniversary of the attacks are critical milestones, said Sally Ware, one of the volunteer “ambassadors” who has worked as a guide at the site since the disaster.

Ware, whose home about two miles away from the site was rocked by the jet’s explosion on impact, recalls how hundreds of people flocked to the crash site in the days afterward to leave their own mementos and memorials. She began volunteering after finding one along the side of the road — a red rose placed atop a flight attendant’s uniform.

“It really bothered me. I thought someone has to take care of this,” says Ware, a homemaker whose own daughter is a flight attendant. Now, a decade later, she acknowledges the memorial may do little to ease the grief of the families of those who died in the crash. But the weekend’s ceremonies recall a story with far broader reach.

The ceremonies honor those who “fought the first battle against terrorism — and they won,” Ware said. “It’s something I don’t want to miss. It’s become a part of my life.”

On Sunday, the nation’s focus turns to ceremonies at the Pentagon, just outside Washington, D.C., and in lower Manhattan for the dedication of the National Sept. 11 Memorial. President Barack Obama planned to attend ceremonies at the sites of all three attacks and was scheduled to speak Sunday evening at a service at the Kennedy Center.

The New York ceremony begins at 8:30 a.m., with a moment of silence 16 minutes later — coinciding with the exact time a decade ago when the first tower of the Trade Center was struck by a hijacked jet. And then, one by one, the reading of the names of the 2,977 killed on Sept. 11 — those who perished in New York, as well as those who died at the Pentagon and in rural Pennsylvania.

They include the names of 37 of Lt. Patrick Lim’s fellow officers from the police department of the Port Authority of New York and New Jersey. Lim, assigned to patrol the Trade Center with an explosives detection dog, rushed in to Tower 1 after it was hit to help evacuate workers. He and a few others survived despite still being inside a fifth-floor stairwell when the building fell.

In the years since, Lim said he has wrestled with survivor’s guilt, realizing the last of those he’d urged ahead of him were crushed when the tower collapsed. He took shelter in selective memory, visualizing the ground covered with women’s shoes amid the destruction.

“That’s how I got through that, because what was attached to the shoes was a lot worse,” Lim said.
The 10th anniversary has forced Lim to revisit an experience he’s worried too many people have pushed from their minds. But the approach of Sunday’s ceremonies has convinced him of the value of revisiting Sept.11, both for himself and others.

To see full article in its original form, click here

Hurricane Irene Update

August 30th, 2011

Irene visited Brunswick County and the surrounding area on Friday evening, August 26. We received heavy rain Friday thru Saturday morning. Winds were mostly in the 20 – 30 mph range with gusts up in the high 30’s. We had reports of winds up to 65 mph. Damage to the this area was minimal, mostly pine cones and small branches down, trees did fall in many areas as well. Some gutters fell down as well as many shingles were ripped off the roof.

We’re praying for our Northern friends, however. The damage was much worse up there and they are still in recovery mode. For the latest news on Irene hitting VT and the surrounding area, click here.

Click Here for photos of hurricane damage from some Coastal NC areas all the way up to Vermont and New York.

Upcoming Oak Island and Southport Events

August 17th, 2011

August 18, 2011 – 4:00 PM – 6:00 PM
Shop to the Beat
Southport Shopping Districts – Downtown, Midtown, & Uptown. Dining Specials. Live Music. Shopping Specials. Entertainment. Games. First & Third Thursdays from May 19th to November 17th.
Southport Shopping Districts – Downtown, Midtown & Uptown. Look for the Green and Black flags of participating restaurants and shops.
Contact: Southport-Oak Island Area Chamber of Commerce
910/457-6964
Admission/Fees: Free
Event of Southport-Oak Island Area Chamber of Commerce in full partnership with the City of Southport.

August 20, 2011 – 5:00 PM
California Dreamin Festival
Tasting of California Wines. Health Foods. Live Entertainment.
The Grape & Ale 8521 E. Oak Island Drive Oak Island, NC 28465
Contact: Candace Hobbs
910/933-4384
Admission/Fees: $10.00 per person

August 20, 2011
Mayor’s Cup Golf Tournament
Event of the City of Boiling Spring Lakes
The Lakes Country Club Boiling Spring Lakes, NC
Contact: Mary Stilwell
910/845-2762

August 27, 2011 – 9:00 AM
Jim Roach Memorial Golf Tournament
Captain’s Choice for both flights. Divisions include: Open (18 & older, Senior (55-69) and Super Senior (70+) and Junior (18 and under). Registration at 7:30am. Entry Fee includes: golf, lunch and prizes. 50/50 drawing and raffle tickets for additional prizes.
Brierwood Golf Course Shallotte, NC
Contact: Melinda Johnson
910/754-5288
Admission/Fees: $50 per person adult. $25 per person Junior.
Tournament is a partnership with and all proceeds benefit Brunswick County Parks & Recreation and The First Tee of Brunswick County. August 12th Deadline or until filled.

August 30, 2011 – 9:00 AM – 12:00 PM
Operation Medicine Cabinet
Dosher Memorial Hospital is collecting out-of-date prescription and non-prescription medications. Protect the lives of those you love. Save the environment.
Dosher Memorial Hospital Drive Thru Front Canopy Fodale Avenue Side of the Hospital next to the Emergency Room.
910/457-3900
Sponsored by Dosher Memorial Hospital in cooperation with the Southport Police Department, Brunswick County Sheriff’s Office, and the US Drug Enforcement Agency.

September 2 – 5, 2011
Labor Day Celebration & Beach Music Weekend
Come dance the weekend away with Bald Head Island’s signature beach music bash! Weekend events include the Coastal Carolina Bash, Harbourside Pavilion Picnic, & Texas BBQ.
Bald Head Island, NC Harbourside Pavilion
910/457-3701
Admission/Fees: $65 Adults, Children $30 for all 3 events +t-shirt

September 3, 2011 – 9:00 AM – 4:00 PM
Labor Day Art &Craft Fair
19th Annual Labor Day weekend festival is a celebration of local and regional artists and craftspeople who display and sell their handmade goods within sight of the ocean. Proceeds from the festival are used toward scholarships for local high school students. Food will be sold
Middleton Park Extension Soccer Field 46th SE Street & Dolphin Drive, Oak Island
Contact: Richard Staat
910/201-4090
Admission/Fees: Free
Sponsored by: Oak Island Art Guild Raindate: Sunday, September 4th -10am-4pm

September 5, 2011 – 9:00 AM – 12:00 PM
Children’s Crab Derby
Registration -8:30am. 16 years old and under only – Free t-shirt while they last. Bring your own crab line & chicken neck.
Southport’s Historic Waterfront Old Yacht Basin Pier.
Contact: Maureen “Cookie” Moore
Southport Parks & Recreation 201 E. Moore Street Southport, NC 28461
910-457-7945
Admission/Fees: Free

September 10, 2011 – 9:30 AM
9-11 Memorial Motorcycle Run
Event of City of Boiling Spring Lakes.
First Baptist Church of Boiling Spring Lakes 45 E. Boiling Spring Road, BSL
Contact: Mary Stilwell
910/845-2762

September 10, 2011 – 10:00 AM – 4:00 PM
Brunswick County Intercultural Festival
8th Annual Brunswick County Intercultural Festival featuring numerous performing artists, children’s activities, an international pavilion featuring local history and world culture, international food tasting for a $5 fee, and a variety of vendors.
Brunswick Community College Main Campus, in front of Odell Williamson Auditorium Supply, NC
Contact: Mari-Lou Won-Chong
910/842-6566
Admission/Fees: Free. $5 Tasting Fee.
Organized by the Brunswick County Intercultural Festival Committee. Sponsored by BCC, BC Chamber and others.

September 10, 2011 – 5:00 PM
Italian Wine Festival
Foods and Wine From Italy.
Grape & Ale 8521 E. Oak Island Drive Oak Island, NC 28465
Contact: Candace Hobbs
910/933-4384
Admission/Fees: $10.00 per person

September 10, 2011 – 8:30 AM
NC Maritime Museum @ Southport Kayak Tours
Town Creek Tour. A member of the NC Maritime Museum of Southport will join the kayak tour and give an historical view of what life would have been like on the river from days gone by. The Adventure Kayak Company staff will lead a basic kayak lesson and guided tour. Participants must pre register. Space will be limited.
Meet at Brunswick Nature Park on Highway 133, Leland.
Contact: The Adventure Kayak Company
910/454-0607
Fee: $45 for kayak, paddle and life jacket rental and tour. Bring your own equipment, tour only $15.

Mortgage Rates go Up again – August 5, 2011

August 7th, 2011

Based on our recent history in the U.S., and with all the current debt talk and the concerns of another economic downfall, people are easily concerned, and understandably so. Even if it isn’t always happy news, its better to stay informed. The article below by David Coster, of Total Mortgage Services, explains some of the current issues and his opinion of what’s happening. Check it out..

After reaching their lows of the past eight months yesterday, mortgage rates have snapped back today following better than expected employment numbers. In the over-sensitive markets that have characterized the last couple of years rates change with every variation in the economy, news or politics. The whipsaw-like movement makes it difficult for purchasers of homes or refinancers to know when to lock-in their rates. My advice—at these levels it is always safer to lock your rate. The difference in payment at these current mortgage rate levels is so slight as to make almost no real difference over the short to medium term.

Analysts were all over the board with their expectations for the results of today’s Non-Farm Payrolls report. Some analyst had the number of jobs in our economy actually declining for the month. At least one forecasted an increase of 200,000 jobs. The consensus of the forecasts had job growth coming in at 85,000 new jobs for the month—an insufficient number to impact the unemployment rate given the number of new entrants into the labor force. The reality is that 117,000 new jobs were created. This clearly beat expectations and actually brought the unemployment rate down 1/10 of 1% to 9.1%.

What lesson are we to take from this surprise report? It seems to me that the lesson is this: the economy is stuck in neutral. Some months we idle forward, while others we coast backwards. There is no real energy for our economy to move consistently in one direction or another for any sustainable period of time. Mohammed El-Erian the CEO of the world’s largest bond investor PIMCO famously dubbed this predicament as “the new normal”, an extended period of very slow growth and low inflation. While this “new normal” is quite frustrating for many who are looking for work or trying to work out of the whole that has been dug over the past several years, the fact is that it could be much worse.

During this period of frustration both individuals and companies are getting stronger, albeit slowly. The credit burden of the average American family has declined rapidly over the past three years, while corporate balance sheets are said by some analysts to be “the strongest that they have ever been”. Patience is difficult, particularly if you are one of the millions out of work. Yet America is poised for a break out. My belief is that the break out will be upward—higher growth, more employment. It won’t happen quickly, but the future is brighter in the US than anywhere else in the world.

We need bold action to further restrain our government spending. We need banks and companies willing to take risks to fund and build new technologies and employ workers. The productive capacity of the United States is unmatched. We are close—I believe—to seeing that engine start to chug forward again. We may have to go backwards a little first, but with a little patience we will climb that hill. “I think I can, I think I can, said the little engine.”

For more information or questions on current mortgage rates, contact Plantation Properties

Plantation Properties
4330 Southport Supply Suite# 104
Southport, NC 28461-9272
(800) 578-8108