Just watching the nightly news tonight and they were profiling Miami and the potential condo bust and the trickle effect that it has on the rest of the area. The builders put up condos based on the potential market and now are having to sell off their remaining inventory at steep discounts. The real estate market varies from state to state and it all depends on the surrounding environment.In the Wilmington NC real estate market they are enjoying a more sustainable growth and the market is holding it’s value better than most other markets. This could be due to the fact that smaller markets are generally last to feel any effects of larger national downturns as they maintain a more manageable inventory of homes.
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on Thursday, July 26th, 2007 at 9:12 pm and is filed under Education.
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