The Week in Review Wilmington NC March 6, 2011

By
Real Estate Agent with Coldwell Banker Seacoast Realty

The Week in Review

....your Wilmington Connection

March 6, 2011

Well the market continues to show some improvement, however home prices are still stagnant and in some places still dropping. The weather has been pretty nice we went to the beach yesterday for a bit believe it or not. If you are thinking of putting your home on the market, lets get it done now.  The housing inventory will start picking up and why not get yours on the market before everyone elses. Drop me an email or give me a call and lets discuss.

Wilmington NC Real Estate

Another great week in contracts, home buyers are starting to look again. Spring is in the air and why not start thinking of a new home or a larger home or just selling your home and getting out of Dodge! Currently on the market there are 2015 single family homes and 166 homes under contract, last week 24 homes went under contract which is less than last year. In the last month there were 117 sold.

Nationally Pending Home Sales Decline

Pending home sales eased moderately in January for the second straight month, but remain 20.6 percent above the cyclical low last June, according to the National Association of Realtors®.

The Pending Home Sales Index,* a forward-looking indicator, declined 2.8 percent to 88.9 based on contracts signed in January from a downwardly revised 91.5 in December. The index is 1.5 percent below the 90.3 level in January 2010 when a tax credit stimulus was in place. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.

Lawrence Yun, NAR chief economist, points to the broader trend. "The housing market is healing with sales fluctuating at times, depending on the flow of distressed properties coming on the market," he said. NAR

How does Hiring Fare in the Southeast

Hiring is projected to be better in the Southeast, including North Carolina, than the nation as a whole, according to a report by the Robert Half International, the staffing and consulting company.

But still, only 9 percent of Southeastern hiring managers surveyed said they were expanding their teams in the second quarter. The national figure was 5 percent, unchanged from the first quarter, the company said in its Professional Employment Report.

But the report also  forecast strong hiring in the legal, advertising and marketing, and technology fields nationally with the wholesale and retail sectors projecting the strongest pick-up in hiring. Wilmington should be on your radar!

 

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

 

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