Wilmington Real Estate

The negative economic markets are not good for the local real estate economy of Wilmington. Matter of fact it’s all over the Star News. Just recently posted from the local press announces a 10 percent negative turn on the Wilmington unemployment rate.

A housing bust has stymied home building, severely cut into real estate sales and put thousands out of work in a real estate development sector that accounts for about 12.5 percent of area employment, according to William Hall, economist at the University of North Carolina Wilmington. That’s down from about 20 percent in the past, he said.

A Positive Outlook on Wilmington Real Estate for Spring

Did you know that Raleigh, N.C., and it’s regional areas just “grabbed the top spot for a third straight year on the strength of strong job growth (both past and projected), low business costs and a highly educated workforce” is how Raleigh and Research Triangle have been able to produce strong numbers since the recession of 2008. - Forbes.com, Best Places For Business And Careers

Raleigh, is certainly a larger supporter of the Wilmington area and could possibly help improve local job and real estate markets by it’s success and popularity. Many successful professionals in the Raleigh, Durham area invest in local Wilmington property and may be a turn for the better as more and more businesses begin to prosper there. Wilmington real estate agents may need to optimize marketing campaigns toward the Raleigh area to draw more interest in the dropping prices of Wrightsville Beach, Wilmington, and Carolina Beach.

What’s your thoughts on the local Wilmington market?

Will real estate agents see some activity for Spring?

Wilmington area’s unemployment rate nearly 10 percent in January