Chief economists say the worst may be over as new signs of recovery in housing and the stock market are more evident every day. It’s all about consumer confidence, as we all know, and it can be a very temperamental. But, with the recent rise in the stock market and the stimulus starting to energize the housing market, the recovery is more and more distinct.

The job market is not a leading indicator of recovery as indicated by the recent job report of more jobs being shed. In a downturn, employers tend to wait it out to see if the rebound is certain before hiring new employees. The job market decline is expected to soften in the second quarter.

Wilmington NC real estate

The real estate market in Wilmington NC is showing definite signs of recovery as more and more contracts are written week after week. We are even seeing multiple offers in some situations. The most active price range still remains under $300,000, but the luxury buyers are starting to come forward as Spring arrives.

For the most up to date details on Wilmington NC real estate, please call me at 800-497-7325 , email kay@cbbaker.com or log onto www.cbbaker.com.