Print
Real Estate - Residential

Realtors, Homebuilders To Present Yearly Economic And Housing Report

By Cece Nunn, posted May 25, 2018

This year’s annual Cape Fear Area Economic & Housing Report will be released Wednesday, as part of a collaborative effort by Cape Fear Realtors and the Wilmington-Cape Fear Home Builders Association.

The information will be shared at 10 a.m. Wednesday at The Terraces on Sir Tyler, according to a news release. 

"The report will present important data in the real estate and economic sectors that spans over 10 years and affects Wilmington and the surrounding areas," the release stated. 

As part of the presentation, economist Woody Hall, CFR 2018 President Fred Gainey and the WCFHBA 2018 President Dave Spetrino are set to weigh in on how the local area and national and local gross domestic product (GDP) factor into the housing market, and which leading indicators will spark trends toward the future.

Both CFR and the Brunswick County Association of Realtors reported gains in home sales in April. New Hanover, Brunswick and Pender counties saw a 16 percent increase from last April in the number of single-family homes sold, according to CFR statistics from the N.C. Regional Mulitple Listing Service.

And BCAR reported earlier this month that in April, average sale prices, total sales volume and new listings were on the rise, while available inventory remained tight. Brunswick alone saw a 29 percent increase in the number of homes sold last month compared to the same month in 2017, BCAR statistics showed.

During last year's report presentation, officials noted that the housing market in 2016 and 2017 was strong in the Wilmington area, but concerns included a lack of inventory and the affordability of homes.

Ico insights

INSIGHTS

SPONSORS' CONTENT
Jim ellis headshot 10311631058

Questions to Ask Before Choosing a Digital Agency

Jim Ellis - Signal
Dallas headshot 300x300

Protecting What You Care About: Business, Family, & Employees

Dallas Romanowski - Cornerstone Business Advisors
Chheadshot

Overcoming the Opioid Overdose Crisis

Trending News

Wish You Were Here? Local Airbnb Rental Lands On The Most Wish Lists For New Hanover County

Cece Nunn - Jun 18, 2019

N.C. Azalea Festival Announces Board

Christina Haley O'Neal - Jun 18, 2019

Luxury Home Sales Reach Record Height In May

Cece Nunn - Jun 17, 2019

Retail Store Benefiting Human Trafficking Survivors Opens Downtown

Johanna Cano - Jun 18, 2019

Scoopin’ Yummies A Sweet Sensation In Carolina Beach

Jessica Maurer - Jun 18, 2019

In The Current Issue

Manufacturer On Board To Invest $25M

With its proximity to the Cape Fear River and customer markets, the Wilmington area provides an essential location for National Gypsum, a gy...


Novant Health Orthopedics & Spine Opens In Supply

Novant Health has opened an orthopedics and spine office in Supply, providing degenerative spine condition services, orthopedic spine surger...


WilmingtonBiz Magazine's Health Issue Is Out

The Greater Wilmington Business Journal's latest edition of the WilmingtonBiz Magazine is out. The issue takes an in-depth look at the area'...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Transporting the Future - Power Breakfast 3.12.2019
Health Care Heroes 2018