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Rising Interest Rates and How They Could Affect Property Owners: The Federal Reserve’s job is to manage the U.S. economy by controlling monetary policy. Most notably, the Fed controls the supply of money in the country. It has multiple tools for accomplishing this task. One of its most effective tools is the federal funds rate—the interest rate at which financial institutions charge each other for overnight loans.….read more
What’s Hot and What’s Not in the Wilmington, North Carolina Real Estate Market: Since the coronavirus pandemic, the real estate market has been turbulent, bringing dramatic changes in demand, interest rates, and home prices. The Wilmington, North Carolina area has been no exception to this trend. Yet, with its pleasant weather, proximity to sprawling beaches, and even a nearby airport, Wilmington’s small, but growing, housing market manages to punch above its weight..….read more