Submitted by RRM (not verified) on Sun, 03/01/2009 - 9:45am.
I generally agree with your article concerning the "stability" of housing in the Wilmington area, but that is just what it currently is-stable with limited sale of homes. I personally know of a couple who were transferred to Charlotte recently and they had to discount their home $40,000 to sell it. Your article is encouraging, but it does not tell the full story of how much housing prices have declined here. Granted they may not be as much as some other areas, but the decline is very real, and the immediate outlook for recovery is not too promising. One only has to look at the inventory of unsold homes in the area to support that fact.
Wilmington Housing