Wilmington NC named in top 6 cities

Top 6 Cities Named for Housing Values Increase

When you hear all the gloom and doom on the news media, we get some very positive news for Wilmington, NC real estate. A government report released by the Federal Housing Finance Agency states that Wilmington NC ranks in the top six cities nationwide where house values have increased the most over the last five years. Wilmington has experienced a substantial 62.1 percent increase. Others named were Honolulu at 78.7%; Virginia Beach at 72.6%; Flagstaff at 66.5%; Bellingham, WA at 65.6% and Baltimore at 60.6%.

The survey also stated that 273 metropolitan markets out of 292 showed positive net gains over the last five years.

Wilmington NC Real Estate Market

And, while the nation is down as a whole this year, Wilmington seems to be holding its own. Home prices and number of sales have declined somewhat from the 2005 boom market, but nothing to compare with nationwide numbers as a whole. Wilmington has a very strong and diversified economy and always seems to be resilient to national economic downturns.

In Wilmington, we see the number of homes on the market falling which is a good sign. With interest rates so favorable and homes bargain priced, it could not be a better time to purchase a home.

Search homes for sale in Wilmington, NC by  neighborhoods, schools, maps, zip codes, cities on my website at www.cbbaker.com.

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