Blog
Just when we thought the Banking Crisis was behind us
Blog - Mortgage and Lending
Written by Gerry Prudhomme   
Gerry PrudhommeColonial BancGroup headquartered in Montgomery, AL with 346 branches in Alabama, Florida, Georgia, Nevada and Texas was seized by the Federal Deposit Insurance Corporation on Friday, August 14, 2009.  With $25 billion in assets, it is by far the largest bank to fail in 2009 and is the 6<sup>th</sup> largest failure in US history.

BB&amp;T Corp, a North Carolina Bank, has agreed to buy $22 billion of Colonial's assets, as well as its deposits and branches, leaving the...
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Jumping through hoops on Hilton Head
Blog - Hilton Head Island Real Estate
Written by Rick Saba   
Rick SabaI just came back from our monthly Past President's luncheon at our local Hilton Head Area Association of Realtors. All of the Past Presidents of our local Hilton Head Area SC Association meet to discuss what's happening in the market, the community, the state and the country pertaining to Real Estate.

We often share ideas or stories on what our experiences are, not to mention any trends that we are all seeing across our industry. One of our Past Presidents is a very prominent and successful...
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Is The Beach Villa Market Improving?
Blog - Hilton Head Island Real Estate
Written by Michael Broadhurst   
Michael BroadhurstVillas (condos for those of you outside Hilton Head Island) near the beach have really stepped up in activity during recent months. Compared to last year, the first quarter was slow but the last two months have seen a 42% increase in activity! In March our MLS reported that just 15 villas went to contract compared to 31 in 2008. But in April 37 villas pended (compared to 32 in 2008) and in May the numbers jumped through the roof. In Sea Pines, Forest Beach, Shipyard and Palmetto Dunes 53...
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Interested in buying a foreclosure property on Hilton Head - you're not alone
Blog - Nationwide Foreclosure Statistics
Written by Dan Prudhomme   
Dan PrudhommeSAN FRANCISCO, CA  - Trulia.com and RealtyTrac, jointly released the latest results of a tracking study conducted on their behalf by Harris Interactive® showing notable gains in consumers’ willingness to buy foreclosed properties, with 55 percent of U.S. adults indicating that they are at least somewhat likely to consider purchasing a foreclosed home in the future, compared to the 47 percent of U.S. adults who indicated the same in November 2008. In the current market, U.S...
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I have written before concerning the alarming situation concerning Hilton Head Island Airport
Blog - Hilton Head Foreclosures
Written by Rick Saba   
Rick SabaI was fortunate enough to attend a professional development program this morning put on by two Realtors® that specialize in listing foreclosures or REOs. It was really interesting to hear how each of the different lenders or asset management companies handles an offer when it is made on one of their foreclosed properties. Both Realtors® one of whom deals with Fannie Mae and the other who deals with various lenders and asset companies said that when the bank sets the price it’s...
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I can't sell my house for that
Blog - Bluffton Real Estate News
Written by Tim Peirce   
Tim PeirceIn a declining Real Estate Market,  pricing a home ahead of the downward trend is so critical when trying to achieve a sale, otherwise sellers find themselves caught in the neverending chase to the right price.  Our policy here at Carolina Realty Group is to always do our homework prior to meeting with a potential seller. Our homework includes a thorough analysis of the market trends as well as a review of the current Absorption Rate (# of properties currently listed on the market...
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Homes Prices on the Rise-What's the Real Story
Blog - Hilton Head Island Real Estate
Written by Monica Davis   
Monica DavisEvery Wednesday is Real Estate Tour on Hilton Head Island. Today, I was in a home during an open house, and the listing realtor said, "Did you see the article in the Wall Street Journal, home prices just reported their first major monthly gain in almost 3 years". Click here to see the story in the Wall Street Journal. My business partner and I were quick to point out that if she actually read the article, not all the news was "hip hip hooray". In the article, they are...
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Hilton Head Real Estate-Hilton Head Plantation Update-7/18-7/31
Blog - Hilton Head Island Real Estate
Written by Kate Yachini   
Kate YachiniDuring the period of 7/18 through 7/31, twelve new listings came on the market in Hilton Head Plantation. There were also eleven listing that experienced price reductions. Two of the pended listing closed. The properties that closed were 17 Pineland Road, for $290,000 and 69 Crooked Pond, for $275,000. Eight homes also went pending during this period. Out of the eight home that pended, one was a foreclosure, one was a short sale, and one was an estate sale. So, 38.5% of the properties to go...
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