Encouraging Housing News from Real Trends

For more information on Wilmington, NC Real Estate and Wilmington, NC Luxury Homes visit my website at TheCarolinasFinest.com!Contact Jessica at 910-352-1043 or email JessicaEdwards@SeaCoastRealty.com.

News 14 Carolina

If you are in Wilmington, NC or the surrounding area be sure to check out News 14 Carolina, a Time Warner Cable channel, tonight starting at 5. I met with a reporter from News 14 Carolina today to discuss the market activity we have been experiencing. The story should run continuesly this evening and maybe online as well. Don't miss it! http://www.youtube.com/watch?v=_qBK_RDeIs0

Contact Jessica at 910-352-1043 or email JessicaRiffle@SeaCoastRealty.com.

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Looking, Waiting for Bottom

When someone is always waiting for the bottom or top of the market they will always miss it. You cannot know when the bottom is until it has passed. Just like you cannot know when the top of the market is untii it has passed. To be successful in real estate you must jump in when you see an opportune time. Now is that time. If you wait and then say, oh, now I am ready the bottom has passed you will have less inventory to choose from, more competition from more buyers in the market, and possibly higher prices. You can't wait and if you do you will never time it perfectly. If you disagree with me or have any comments, please email me at JessicaRiffle@SeaCoastRealty.com.

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Star News Tells Tale

Todays Wilmington Star News paints a picture of a sad real estate market. Where is the truth? In the article? Listen to Jessica's thoughts on this mornings newspaper article.

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Study Shows Housing Values Have Climbed

News reports have been packed with stories about declining home values, but a recent government report shows that the situation is not nearly so dire as some reports make it sound.

Despite big loses in some areas of the country, the majority of markets continue to show growth in home value over the last five years.

According to the third-quarter survey released by the Federal Housing Finance Agency, out of 292 metropolitan markets, 273 showed positive net home values in the last five years. Only 19 percent were negative.

While home values declined 4 percent on average in the last year, values were up nearly 29 percent over the past five years.

According to the Federal Housing Finance Agency, markets that gained the most over the last five years were:

Honolulu: up 78.7 percent
Virginia Beach: 72.6 percent
Flagstaff, Ariz.: 66.5 percent
Bellingham, Wash.: 65.6 percent
Wilmington, N.C.: 62.1 percent
Baltimore: 60.6 percent

Source: The Washington Post Writers Group, Kenneth R. Harney, (12/06/08)