I had thought Stevie had a crush on Jacoby's daughter, and that explained why Terry would go to Jacoby's house looking for him in the first place. BUT if he didn't, then why did Terry go to Jacoby's looking for him, when we know from the Clarks he had just seen Stevie himself and Stevie apparently took off again?
Stevie had a crush on Dawn Moore. Jacoby's daughter, Victoria, was only 5 yrs-old, but Stevie played with her.
I think that when Stevie didn't return home at about 6:15 pm...Hobbs went north toward Chris' house to see if Stevie was there and then returned by way of Jacoby's house (just checking an alternate route). I think it was common for Stevie to go by Jacoby's house. We don't know if Hobbs went up to Jacoby's door...or if Jacoby was outside, but Jacoby has said that he volunteered to help look for Stevie which would indicate that Hobbs didn't necessarily want Jacoby going with him. (especially since Hobbs took Jacoby on a very short search and then took him back home).