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Real Estate

FIRST ON 3: Twenty percent of Wilmington homeowners "upside down" on their mortgage

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In Wilmington, 20.40 percent, or 14,608, of all residential properties with a mortgage were in negative equity for first quarter 2011. An additional 6.30 percent, or 4,519, were in near negative equity. Full story...
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FIRST ON 3: Foreclosure rates in Wilmington increase

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A new housing report out today indicates foreclosure rates in the Wilmington area are on the rise. These figures, coming from CoreLogic, show foreclosure rates up in March 2011 over two and a quarter percent. Full story...
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1st quarter housing stats indicate local market and economy are improving

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The local housing market continues to show signs that our economy is improving; new home construction rose 7.2% in March, an upswing in housing inventory for sale, pending sales are rising, job market is improving and 30 year fixed mortgage rates remain in the upper range of 4.75%. Full story...
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Race is on to sell Wrightsville Beach home via social media

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The race began this morning to sell a Wrightsville Beach luxury home through a viral social media marketing campaign - reports the Greater Wilmington Business Journal. Full story...
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Coastal NC home sales perk up

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Wilmington area home sales – those in New Hanover, Pender and northern Brunswick counties, totaled 4,540 in 2010 compared to 4,361 in 2009 - reports the Triangle Business Journal. Full story...
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Pilot program to help some professionals buy homes

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video State legislators discussed a new Workforce Housing pilot program. The program will help low-income employees buy a home. Police officers, firefighters, teachers and nurses are some professions eligible for the pilot program. Full story...
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Home Sellers Beware

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It can be one of the most stressful ordeals someone can go through; selling a home. But imagine if someone moved into your house before you agreed to the sale. Dan and Karyn Bowman are still getting settled in to their new home in Leland. As for their old home in Wilmington, the family who bought it should be settled in after jumping the gun and moving into the home before they were allowed to. Full story...
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Federal tax incentive ends April 30

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video A federal tax incentive to motivate people buy new homes ends in a few days. Full story...
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What is the future of real estate in Wilmington?

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Realtors, mortgage brokers, bankers, and other professionals gathered Thursday to discuss the future of the real estate market in the greater Wilmington area. Panelists addressed problems in the real estate market... Full story...
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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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