The Week in Review Wilmington NC June 14, 2009

The Week in Review

….your Wilmington Connection

June 14, 2009

What a warm week here in Wilmington, and I had a real taste of the heat Saturday morning when I did the Diligence Dash which is a 5k run in historic downtown.  The humidity must of been 100%. Great seeing everyone out there. Currently in Wilmington there are 2384 single family homes on the market. 316 homes are under contract and 462 sf homes sold in the last 3 months. First time buyers are racing to get a home under contract to take advantage of the $8000 credit.  If you have any questions about this please dont hesitate to email or call me, I would be more than happy to help.  If you are thinking of putting your home on the market locally or out of town let me know as I have a fantastic marketing plan for you, or I can provide you with some names of proffessional realtors in your state that do business like I do.

 

 North Carolina Foreclosures are going down.

In the month of May the total number of new foreclosures in the North Carolina was down 32 percent from last year.

There were 2,587 foreclosure filings in the state, or one for every 1,594 homes, during the month. That is down 31.7 percent from May 2008, when 3,786 foreclosure notices were filed.From April to May filings were down 16%

This information was brought to you by RealtyTrac, which tracks default notices, auction sale notices and bank repossessions. The company counts every foreclosure filing.

 

Housing and Economic Indicators taken from National Association of Realtors.

 

	Current Figures	Period Covered
Existing-Home Sales	EHS increased 2.9 percent in April.	April
Pending Home Sales Index	PHSI rose 6.74 percent to 90.30	April
New-Home Sales	Up .3 percent from last month  (PDF: 36KB)	April
Housing Starts	SAAR* of 458,000 units (PDF: 29KB)	April
Housing Affordability	158.8 — up 15.6 from previous month (PDF: 16KB)	December
Mortgage Purchase Application Index	Up 1 % to 256.60 from last week.  (PDF: 37KB)	Week of May 27
Fixed-Rate Mortgage Rate	Up .38 percent to 5.29 (PDF: 39KB)	Week of June 4
GDP	Moved from -6.5% to -5.8% last quarter. (PDF: 38 KB)	Q1 2009
Consumer Confidence	Down 32.35% from a month ago (PDF: 40KB)	March
Employment Situation	Down 345,000 jobs (PDF: 40KB)	May
Consumer Price Index	Up  .1% from the previous month  (PDF: 27KB)	April
Producer Price Index	Up .3% from the previous month (PDF: 30KB)	April
Retail Sales	Down .4% from the previous month (PDF: 39KB)	April

 

 

……until next week inThe week in Review

Tina