Real Estate on the rise in the Cape Fear

WILMINGTON, NC (WWAY)– The housing market was really good before it wasn’t.

But you don’t have to tell that to Delinda Harrelson she’s been in real estate for more than a decade.

For the first time in a long time she’s feeling the market come back to life.

“Belief, I think people believe the economy is better,” said Harrelson, “and I think they want to have long term wealth, and I think people have struggled during that downturn and they are trying to find another avenue in which they can make money.”

A seminar in Wilmington tonight encouraged other folks to believe the same thing.

Michael Otelsberg knows about the risk involved

“As a realtor we’ve seen them and we have felt them,” said Otelsberg, “the overall economy just hurt but now things seemed to have turned the corner.”

He says the shift is happening and it’s happening right here.

“People with cash are now using that money to buy real estate again because they feel comfortable. They could go back to the bank if they did need additional money,” he said.

Money is there but investors are skeptical trulia.com says home sale prices have actually gone up… Almost 2 percent in the past 5 years

Harrelson says with interest rates low now is a good time to get educated.

I think it depends on how you buy it I think if you have proper training and you truly understand the market you can make wise choices

With learning being a top priority before getting into the housing market.