What did the federal government do yesterday? They raised interest rates. Interest
rates are now in the low 5’s. A lot of people ask me is now the right time to buy a home in Wilmington.
My answer to you is yes, it is a good time to buy a home in Wilmington area.
My name is Jennifer Bullock, leader of Jennifer Bullock Team with RE/MAX Executive in Wilmington NC
I have been all over the United States this year meeting with the top 100, top 200 agents, all over
trying to figure out what this crazy market is doing. I was looking at it at a National level and then brought
it back home to look at it at our personal, Local, Regional level, Wilmington NC, Cape Fear, region area. And
what what I have found is they are projecting the prices of homes, still to keep increasing an additional 10%
this year. Not quite as crazy as it did last year but still on the rise. Interest rates. Yes, they are projected to go
up higher later on in the year right now. They're still in the low fives. That is great.
Third reason, rent in the Wilmington area is astronomically expensive. So when you pay rent, you were paying
100% interest, Right? Because none of that money is going into your pocket. All of it is going into somebody else's
pocket. It is a waste of money. So if you want to buy a home in Wilmington, now is a great time. You can still buy a
home and a lot of cases cheaper than you can actually pay your rent. Like I said, our rental market is crazy here.
If you have any questions, just give me a call. I'd certainly love to help you figure out if now is a good time for you
to buy a home in our beautiful Wilmington area. Looking forward to hearing from you