Oct. 14, 2017

The Need for More Home Construction

Housing Market Report - September 2017

Every housing market is unique, however the national opinion is that housing markets are stalling even though buyers September 2017 Housing Market Report - Wilmington NCand showings are still high because there remains a housing shortage. Mortgage rates are still low and buyer-friendly but housing prices have reached unaffordable levels for a lot of home buyers. To compound the problem, existing homeowners are less interested in moving.

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Posted in Market Reports
Oct. 14, 2017

RiverLights Wilmington NC

Introducing Riverlights Wilmington NC

RiverLights Real Estate SearchPerfectly situated along a 3-mile stretch of the Cape Fear River, RiverLights is the newest coastal community in Wilmington, North Carolina. The 1,400-acre community has plans for 2,700 homes, with a mix of townhomes, single family homes and a 55 plus community for active older adults. 

The 30-acre freshwater lake is the center of the community's amenities, with a lake house for community events. But the community also includes a commercial area and the Marina Village which is home to a 112-slip marina, shops, a boardwalk, restaurants, event lawn, walking trails, a dockmaster and more. 

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Posted in Communities
Sept. 27, 2017

Competition for Available Listings Remains Strong

Market Report - August 2017

August tends to mark the waning of housing activity ahead of the school year. Not all buyers and sellers have children, August 2017 Wilmington NC Real Estate Market Reportbut there are enough parents that do not want to uproot their children during the school year to historically create a natural market cool-down before any actual temperature change. Competition is expected to remain fierce for available listings. Savvy sellers and buyers know that deals can be made well into the school months, as household formations take on many shapes and sizes.

 

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Posted in Market Reports