The Week in Review

....your Wilmington Connection

October 18, 2009

Well i do believe winter has arrived.  It feels like we missed the fall.  But we may still get a few weeks. I hope you all had a wonderful weekend. Perhaps buying pumpkins or putting up some scary decorations. Halloween is around the corner.

Wilmington Real Estate

Yes, you guessed right!  Homes are still moving at the magic price of $250,000 and under.  Thanks to the Obama tax credit for first time home buyers.  Due to finish up on November 30th.  If you are looking to buy or you know someone who is email me and lets get started. NO TIME TO WASTE! Currently in the Wilmington area there are 2309 single family homes on the market, and only 976 of those are priced under $250,000.  With a whopping 390 homes under contract and 255 of those are guess....thats right priced at $250,000 and under.  In the last 3 months there have been 484 homes sold and 318 of them were priced in the magic spot. Homes are still moving. Homes that are priced right that is.

First Time Home Buyer Tax Credit Extended...but only for some.

The House of Representatives recently voted 416 - 0 to extend through 2010 the benefits of the first-time homebuyer tax credit to military, intelligence and diplomatic personnel. To be eligible, purchasers in these categories must have been outside the US on active duty for at least 90 days in 2009. The measure (H.R. 3590) now goes to the Senate.
Source: The National Association of REALTORS® 

CNN Money loves Wilmington NC

CNN Money placed Wilmington NC number 14 for the best places to launch a small business. Growing economies, affordable workers, stable housing markets, low crime -- these metro areas have all the features entrepreneurs need to thrive.

....until next week in The Week in Review.

                               Tina