Monday Morning Coffee - Storms, Stats & Encouragement
Good Monday Morning to you and your family from all of us here with Waypost Realty in Wilmington, NC. I pray you had a wonderful Easter weekend and are staying safe and healthy during these historical and difficult times.
WEEKLY MARKET ACTIVITY SNAPSHOT
Over the last week we have seen showings continue to stay above 600 per week in the Wilmington real estate market. Contracts have slowed significantly as compared to the number we would expect for this time of the year. We are seeing less showings and contracts, but we continue to see more "serious" buyers who are already pre-approved for a mortgage. Mortgage rates are once again in historical territory with rates in the 2's and 3's for qualified buyers - depending on credit worthiness and term of the loans.