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Hello All,

Real Estate has changed more in the last 10 years, than in the 100 years before. The old way of selling real estate just doesn't work any longer, and I have used this fact to help me become a multi million dollar producer, while guaranteeing 100% customer satisfaction. I am an advisor for life, and love to help my clients even when buying or selling abroad. While any agent can handle an easy transaction, my attention to detail, and customer service really set me apart when problems arrise. I go the extra mile to make sure my client's are best represented. In this fast paced day in time, I also stay several steps ahead of my competition by being innovative, open minded, and determined. All broker's are not equal, and it's important that you choose someone who genuinely wants to make a difference.

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Stay up to date with my new blog.  Updated twice a week, you can find more information than in my newsletter.  Tell a friend, and check it regularly. Also, you can track my history of forecasting the market.  This keeps me honest!  Click Here...

We've all heard the negative news about housing and the economy. What these national experts are forgetting to mention, is that real estate is local. North Carolina has actually seen a decrease in foreclosures! The population of NC is expected to grow by 50% in the next 8 years! That figure blows my mind. NC will gain additional Federal House seats, and our national position as a whole will gain power.
Housing here has certainly softened, but this is nothing more than a correction in the middle of a big boom. Wilmington sales are down slightly from last year, and the average days on market have gone up. However, Wilmington has actually seen an average price increase of over 20K since this time last year! Due to the unprecedented growth forecast for NC, this correction presents an amazing opportunity for first time buyers, relocations, investors, and those trading up to larger homes. Real estate is not like stocks, it's much simpler. Trends are slow, and relatively easy to spot. Growth signs are obvious, and negatives are easy to spot. With 50% growth in just a few years, expect to see prices steadily rise over the next 5-10 years.
Even the beaches appear to be recovering from their major correction which was created by an investor bubble that created artificial demand. The supply of active homes on Pleasure Island has actually dropped by nearly 30% in only 6 months! Sales are strengthening for the first time in 2 years. Although the island average sales price has fallen slightly from the same time last year, it is recovering from its lows this summer. This is great news for everyone. Buyer's, now is the absolute best time to buy, and sellers, the end is in sight.
Let's stop talking about the boom days, and lamenting the bust days. Let's start talking about the benefits of home ownership, pride in owning your own home. Let's talk about that fact that between 1995 and 2004, the average renter accumulated $4,000 in wealth. In contrast, the average homeowner accumulated $184,400. Furthermore, the typical homeowner holds their property for six years. Within this period of time, NAR's research shows that approximately 97 percent of the homeowners will have a positive equity position after that period of time.
What did I learn from 2007? Even in a slow market, homes can be sold with the right ideas. In a declining market, setting a competitive price the first time will save you thousands in the end. Even in times of low consumer confidence, and fears of terrorism, people will always need their vacations.

Thanks, Ralph

If everyone takes their money out of the stock market, where will they put it??? Here! 17% growth forecast in 8 years.

You have the beach, a medium sized city that feels like a town, huge growth forecasts, and an amazing business environment, what better place to invest your money? The last time everyone took their money out of the stock market, housing went bananas. We cuold see loans close to 4% in the next 12 months. These factors are adding up to some amazing possibilities. D. Trump was on CNBC the other night and said, if you can find money to work with, this is when fortunes are made. All of the speculators have been sidelined, now is the time to make great long term investments. Raleigh, Charlotte, and Wilmington are growing at an amazing pace. This bodes well for North Carolina's housing supply. Basically, it will be hard to keep up with the demand. Start looking now, I certainly wouldn't want my money in the stock market right now.

My name is Ralph "The House" Hunter, with Victory Real Estate. I have been selling real estate in the Wilmington area for 5 years now. I have experienced many different markets, and enjoy watching things play out. I have lived in Wilmington my entire life, and really love being directly invloved in it's growth, and development. I plan to build my firm into a powerful local brand focused on real estate advice and service, rather than sales.

 

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