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Real Estate

Number of homes sold in Wilmington area on the rise

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New numbers show things are starting to pick up in the Wilmington area housing market. The good news is sales rose from 373 homes in May to 412 in June. The average sale price and median price were also up slightly from May. Full story...
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Realtors gather for celebration, hoping for promising summer

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Despite a slumping economy, local realtors found a reason to celebrate Thursday night. With Flag Day coming up Sunday, the Wilmington Regional Association of Realtors decked out in red, white and blue for a bash aboard the Battleship North Carolina. Full story...
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Tax incentives aim at stimulating real estate market

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videoYou may have heard of the first-time homebuyer tax credit, but even if it's not your first time as a home owner you can reap some big benefits. The federal government is offering up to $8,000 to people buy a home before December 1st. Full story...
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Skies brightening for real estate market

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videoThe dark cloud that has been hovering over the real estate market may be breaking up. Several real estate agents and mortgage brokers believe it's a great time to buy a home for the first time. Full story...
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Home sales showing signs of rebounding

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Home sales nationwide unexpectedly rose 4.7 percent in February, but they were down more than 40 percent compared to February of 2008. In Wilmington, home sales increased by a 4.9 percent margin compared to January of this year. Full story...
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Green building can save money

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videoFor environmental enthusiasts tax rebates aren't the reason they got into green building, but it could be one reason the industry is growing. Full story...
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Laney Real Estate purchases Burroughs & Chapin

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Laney Real Estate has purchased Borroughs & Chapin Realty, Inc’s North Carolina Prudential real estate offices and assumed management of them on February 24, 2009. Full story...
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Risk and reward when buying foreclosed houses

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Real estate broker Bob McCorkle said if you’re willing to take on the clean-up, the best deals can be found at courthouse foreclosure auctions. However, before you buy, make sure you know what you could be getting yourself into as foreclosed homes can have serious problems. At the auctions you buy the property as is. Full story...
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Some optimism in the local real estate market

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videoIt was a self-proclaimed power breakfast, packed with hundreds of area power brokers; all looking for answers about the economy, specifically the real estate market in our area. Full story...
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Home foreclosure tour a success

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Over the weekend 65 financially qualified buyers met with local realtors to tour 13 foreclosed home in Carolina Beach. Full story...
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Beachfront insurance going up

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videoThe North Carolina coast is a hurricane prone area. That means the right homeowner's insurance is important to have. Full story...
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Proposal to change setback requirements

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New proposals would change the setback requirements from a standard figure to one based on the size of the structure. Full story...
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New incentives for first-time home-buyers

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videoTo encourage first-time buyers, Congress is proposing a temporary home-buyer tax credit. Full story...
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Wilmington home sales down 41 percent

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videoNew numbers underscore a continuing slowdown in the local real estate market. We talk a lot about how tough it is for homeowners to sell their homes. But that means it's also tough on real estate agents. Full story...
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Opinions mixed on local housing market conditions

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If you ask 10 people you'll get 10 different opinions. That seems to be the case with Wilmington's real estate market. Between conflicting media reports and convoluted numbers, it's hard to determine just how well our housing market is doing. Full story...
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