Home sales nationwide unexpectedly rose 4.7 percent in February, but they were down more than 40 percent compared to February of 2008.
In Wilmington, home sales increased by a 4.9 percent margin compared to January of this year.
Robin Hackney of Signature Homes says any positive news is worth celebrating and she believes she knows one of the reasons for the sales increase. “People are getting a little more confidence, but they’ve also put incentives in place. There’s an $8,000 tax credit. It says first-time home buyers, but the description of a first time homebuyer is anybody in the last three years that’s not owned a home.”
For information on obtaining a mortgage or to find out about current mortgage rates, visit www.alphamortgage.com.