Greater Wilmington Business Journal's Power Breakfast Series: Real Estate Reality Check
December 4th, 2009
The Greater Wilmington Business Journal’s Power Breakfast Series event was held yesterday, December 3rd at the Hilton Riverside in historic downtown Wilmington, NC. The entire team of New Hanover County, NC custom home builder Mark Johnson Custom Homes attended the event, which was covered by News 14 Carolina in last night’s broadcast. Our own Vice-President of Business Development, Kevin Johnson, was interviewed by Julie Fertig regarding the real estate market’s future in the Wilmington, NC area. Below is an excerpt from News 14 Carolina’s coverage; to watch the video and read the complete coverage click here!
“After a rough few years in the real estate market across the state, signs of improvement appear to be on the horizon. A panel of longtime real estate agents in the Wilmington region reflected on the current status of the market and their expectations for the year to come during a Real Estate Reality Check discussion.
Intracoastal Realty President Jim Wallace, who was on the panel of industry experts, said the combination of low prices, low interest rates and more property for buyers to choose from creates a strong market.
‘Also, in addition, there are bank-owned properties now that are priced well below the market,’ said Wallace. ‘So it’s a good opportunity for people to buy a house now.’
