Housing Called Hottest Trade of 2012
Record low mortgage rates and rising consumer confidence has been helping to give the housing market a lift and helped it become the hottest trade in 2012, CNBC reports. For example, stock shares of...
View ArticlePermitting Shows Housing Rebound
New Hanover County’s construction sector finished strong for the year in December, particularly with new single-family housing starts. The county issued 601 permits for new single-family construction...
View ArticleSearch for foreign investors could delay convention center hotel even longer
WILMINGTON, NC (WWAY) — Another delay seems likely for Wilmington’s Convention Center hotel. At a briefing with city leaders this morning, the developer said it needs another extension. Hotel...
View ArticleUS Ranked One of Most Affordable Worldwide Housing Markets
Detroit topped the list for the most affordable housing market in the world, according to the Demographia International Housing Affordability Survey, which analyzed housing prices in 227 metro markets...
View ArticleWRAR installs new president and officers
The Wilmington Regional Association of Realtors (WRAR) installed R.J. Alex (Alexoudis) as the group’s 2013 president. Alex was officially sworn in at the WRAR’s annual Installation and Awards...
View ArticleWHAT WILL THE NEW NORMAL FOR HOUSING BE
Mortgage giant Fannie Mae recently offered some predictions of what the housing market’s “normal” will look like in the next two years. In its report, “Transition to ‘Normal’?”, Fannie says while the...
View ArticleNew single family lot count growing in NHC
As greater Wilmington moves closer to having a six-month supply of existing townhomes, condominium and single-family homes, some area builders are responding to the demand by launching new projects on...
View ArticleMcCrory signs bill eliminating tax credit
Gov. Pat McCrory signed legislation on Wednesday that repeals the state’s earned income tax credit (EITC) after December of 2013. The measure also cuts the credit from the current 5 percent to 4.5...
View ArticleForeclosure Filings Fall 25% in February
RealtyTrac counted a total of 154,281 U.S. properties with foreclosure filings — default notices, scheduled auctions, or bank repossessions — last month. The number is up 2 percent from January, but is...
View ArticleBorrowers are NOT Tied to a Single Lender
Attention Homebuyers: Learn About Mortgages to save you From a Costly Mistake Multiple news outlets have reported that the real estate market, as a whole, is steadily improving month to month. This...
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