Wilmington housing market remains stronger than much of the South despite affordability challenges, economist says

Wilmington housing market remains stronger than much of the South despite affordability challenges, economist says

WILMINGTON, NC (WWAY) — While high mortgage rates and affordability concerns continue to cool much of the nation’s housing market, Wilmington remains one of the stronger real estate markets in the South, according to a Realtor.com economist. Joel Berner, senior economist for Realtor.com, said national housing trends have shifted in favor of buyers as sellers adjust their expectations after years of elevated home prices. “The biggest thing that’s…