Wilmington Real Estate: Now Is The Time To Buy!

April 1, 2009 - PRLog -- The nationwide housing market is starting to show signs of turning around, with affordability rising dramatically in many areas. Local Wilmington, NC real estate resource WilmingtonForSale.com (http://www.wilmingtonforsale.com/) says the local Wilmington real estate market is one of the cities following that trend.

"Housing affordability is rising dramatically," says Rhonda Schoolfield, owner of WilmingtonForSale.com. "The relationship between home prices, mortgage interest rates, and family income is the most favorable since 1970, reports the NAR. With the drop in interest rates, a family can afford a home costing $25,000 more than a year ago for the same monthly payment. A median income household needs only 27% of their income to qualify for a median-priced home, paying 3.3 times their income for the house, near the all-time low."

Representing buyers only as an Exclusive Buyer's Brokerage, WilmingtonForSale.com offers full Wilmington NC MLS search capabilities and instant email notifications that alert clients to new properties fitting their criteria as soon as they come available in the Wilmington NC real estate market.

For more information on Wilmington NC real estate, please visit WilmingtonForSale.com on the web at: http://www.wilmingtonforsale.com/

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Specializing in Wilmington NC real estate and homes for sale, WilmingtonForSale.com is an Exclusive Buyer's Brokerage serving Wilmington and the surrounding area. Cape Fear's complete real estate resource!