RSS

Baby Steps for New Hanover, Brunswick, & Pender Counties

15 Jul

Statistically, between 6/1/10 & 7/1/10, Wilmington NC realty counties (New Hanover, Brunswick, & Pender) are still getting better in the housing market. Single family homes are up over 15%. The average sales price is $254,018 out of 475 single family homes sold. That is up 5.8% from last month. Keep in mind that most of these are late closings from the government tax credit, but good news is still good news.

The fear among those in the housing industry, is that the job market is not getting better. The average unemployment rate for the Wilmington, NC realty area is 10.03%. the lowest of these three counties is New Hanover, at 9.2%. According to some CNN reports, “this is due, in part, to business owners hording the cash they have accumulated because they are afraid there will be another economic downturn”.

The government is considering another stimulus program. It is not yet known what they will propose, but lets hope it will stimulate business owner confidence.

Follow Wilmington NC Realty on facebook!

 
2 Comments

Posted by on July 15, 2010 in Uncategorized

 

2 responses to “Baby Steps for New Hanover, Brunswick, & Pender Counties

  1. student loans

    July 19, 2010 at 5:23 pm

    I’ve recently started a blog, the information you provide on this site has helped me tremendously. Thank you for all of your time & work.

     
  2. student grants

    July 19, 2010 at 8:42 pm

    Pretty nice post. I just stumbled upon your blog and wanted to say that I have really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!

     

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: