Posted by Charles Poindexter on Mon, Feb 15, 2010
Hello everyone from beautiful Wilmington, North Carolina!!
Today's high temperature should be 60 degrees. Yes, we had a little snowfall this past weekend - our kind of snow - great for one day and then GONE!!
With an average temperature over 57 degrees, we experience all four seasons in our coastal region. We are coming out of winter and headed into spring - time for the flowers to bloom, the Azalea Festival, boating, more golf, fishing, etc. A great time to visit our area - Surf City, NC and Topsail Island are nearby where you can find great coastal restaurants and plenty of attractions.
If you are planning a visit to our area to look at neighborhoods and communities, make sure you put Dogwood Lakes on your MUST SEE list.
A fantastic neighborhood centered around a 28 acre natural lake with plenty of fish and wildlife. Real estate in North Carolina continues to shine. Whether you are considering a second home, a vacation hotspot, a retirement home or your primary residence, the Surf City area is one you don't want to miss.
Click on the button to enter our FREE Discovery Package and let us show you around the area. Land in North Carolina continues to be a real bargain in this fantastic Buyers Market - don't let this opportunity get past you. Call us to set up a visit today!!
Posted by Charles Poindexter on Wed, Feb 03, 2010
We all know that the famous Groundhog, Punxsutawney Phil saw his shadow in Pennsylvania, but guess what - we don't have any Groundhogs in Dogwood Lakes and the weather here in southeastern North Carolina is fantastic - even in the dead of winter.
Even if the old tale of "seeing the shadow" exists, with an average temperature over 57 degrees in the Greater Wilmington area, we really don't mind our winters. The golf courses are all open and the surfers are still in the water!
Real estate in North Carolina continues to be very desirable. With two of our metropolitan areas ranked in the top ten for population growth, our area is poised for significant growth over the next 5 -10 years. We are not unaffected by the economic conditions in the United States today, but that only means that many opportunities exist in our area for buyers in position to capitalize on low interest rates, federal tax credits and the best buyer's market in the past 37 years.
We anticipate an active spring based on our wintertime conversations with buyers both in and out of our area. The Surf City, NC area located on beautiful Topsail Island, NC continues to grow. One only has to look at the commercial "drivers" to understand where the residential growth is headed. These large companies, such as Lowe's Home Improvement store and the Harris Teeter grocery chain as well as large movie theater complexes build their locations based on population and their convenience to that population (location). With all three of these components in place within miles of Dogwood Lakes, they know that this is an area that has historical growth, sustained current growth and great projected growth.
If you are considering a primary residence, a retirement home - either now or on your 5 year plan, or a second home located on the water, near the beach, then you must consider Dogwood Lakes!!
If you are planning a visit to the area, I encourage you to contact us and register to win a FREE Discovery Package for Wilmington.
We look forward to seeing you soon - it's always a great day on the lake!!
Posted by Charles Poindexter on Wed, Nov 04, 2009
The Cape Fear economy is expected to grow about 4 percent next year with most of the growth across the board and during the first half, UNCW senior economist William “Woody” Hall said Tuesday.
This represents significant recovery from the 1 percent growth seen for the Wilmington area for 2009, up just a bit from last year’s 0.75 percent growth, he told the sixth annual Economic Outlook Conference at the University of North Carolina Wilmington.
Noting the national, state and local economies are all forecast to exit the recession by late this year, Hall said the 2010 growth expected from New Hanover, Brunswick and Pender counties combined is expected to exceed that for the state of North Carolina, at 1.5 percent, and the nation, at 2.1 percent.
Hall said his forecast, developed with UNCW business faculty colleague Ravija Badarinathi, shows especially strong growth during the first half of 2010, followed by more modest growth over the second half.
He went on to say these expectations are conditioned on:
Retail sales in the area stabilizing by the fourth quarter of this year after dropping in the first quarter and surging in the second;
Home sales stabilizing shortly and showing growth by year-end;
Tonnage through the Port of Wilmington continuing to grow; and
A slowdown of the rise in unemployment, already at a 25-year high.
Unlike during the four previous downturns in economic activity dating back to early 1980, Hall said, the local economy has been hard hit by the latest national recession, which dates from late 2007. Local economic activity was virtually flat over 2008 and will likely rise only 1 percent in 2009.
Last year and this year have shown and will show the lowest growth in the more than two decades in which the UNCW faculty has been monitoring local economic conditions, Hall said. He noted that the economic decline during the fourth quarter of 2008 was noticeably large.
Following another decline during the first quarter of 2009, local economic activity rebounded strongly during the second and third quarters, the economist said, forecasting the rebound will continue during the fourth quarter of the year, but at a lower rate.
He said the 2008 and 2009 growth rates stand in sharp contrast to the 5.7 percent annual growth rate from 2002 to 2007.
And the 4 percent growth expected for 2010 is less than half the 9.5 percent recovery seen in the Cape Fear region after the 2001 recession, Hall pointed out.