The recent statistics for Wilmington NC Realty, are being supported by many financial executives. Dallas Federal Reserve Bank president Richard Fisher told CNBC in an interview, that he believes the housing market will continue to see small gains.
Fisher says, “I believe we are going to (continue to produce) short yardage (gains). More importantly, I don’t think we will go backwards.”
Fisher rejects the predictions of “doomsayers”, who believe we are headed into another huge loss in the national economy. Actually, some recent economic and housing-related reports, show evidence of these small gains, even though they don’t make splashy headlines, they are there.
Another modest, but positive sign is that homeowners have been spending money on improvement projects. Fitch Ratings released a study last week which projects a 3.5 percent jump in spending for the year.
Fisher, like many financial analysts, believes you can look for more of the same.
Although a lot of the country still has major housing issues, Wilmington NC Realty is definitely in line with the small gain predictions.