The Week in Review
....your Wilmington Connection
December 12, 2010
Only 13 days till Christmas, have you started your holiday shopping? Is a new home one of the items on your list? smile. Well we have seen some cool weather and I do believe its going to continue. Well the real estate always cools off this time of year for the holidays, but that doesnt mean you shouldnt be looking if you are contemplating moving in the near future. Interest rates are rising it might be a good time to get moving. Drop me an email if you want to get started.
Wilmington NC Real Estate
Currently on the market there are 2139 homes on the market and 240 homes are under contract and there have been 434 homes sold and 263 of those were priced under $250,000 thats more than half. Meanwhile the higher priced homes have suffered quite a bit in the last 2 years. In the last 3 months we have only seen 17 priced above $750,000 sell.
US Mortgage Delinquency Rate
The percentage of U.S. consumers who are delinquent on their mortgages could fall to about 5 percent by the end of 2011, from an expected 6.2 percent at the end of this year, according to a leading credit bureau.
Even so, the proportion of consumers who are 60 or more days overdue on their mortgages would still be sharply higher than the historical range of 1.5 percent to 2 percent, according to TransUnion LLC, which analyzed about 27 million randomly selected consumer records from its database. The Chicago credit bureau first started tracking these statistics in 1992.
Wilmington Home Sales drop this November
The percentage of U.S. consumers who are delinquent on their mortgages could fall to about 5 percent by the end of 2011, from an expected 6.2 percent at the end of this year, according to a leading credit bureau.
Even so, the proportion of consumers who are 60 or more days overdue on their mortgages would still be sharply higher than the historical range of 1.5 percent to 2 percent, according to TransUnion LLC, which analyzed about 27 million randomly selected consumer records from its database. The Chicago credit bureau first started tracking these statistics in 1992.by the star news
....until next week in The Week in Review
Tina
Happy Holidays!
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