A national builder's magazine recently ranked the outlook for the top 100 metro housing markets in 2014 and Wilmington came in 16th. The rankings were based on overall economic health and expected growth in new home sales. Two other North Carolina regions cracked the top 50 in the ratings: Raleigh-Cary ranked 13th and Durham-Chapel Hill came in at 26th.
This may be great news for our region and particularly good for those considering buying or selling a home in the Cape Fear area. Sellers can expect a strong real estate market in the coming year, where days on the market fall and buyers are willing to make quality offers. While on the other hand, buyers can proceed with confidence knowing that the market is solid, they are investing in a rising market and yet prices have not fully rebounded.
The current conditions of historically low interest rates, pent up buyer hesitation and an improving economic outlook may well result in 2014 being the year of the real estate renaissance. If you would like to see the complete list of the forecasted top 100 real estate markets for 2014 click HERE. Better yet, contact our office and find of if this truly is the time to make your move in the Cape Fear real estate market.