WILMINGTON, N.C. (WECT) - Just last month, the registration fee and other restrictions for short term rentals were lifted by the Wilmington City Council following a court ruling. But even before this decision was made, short-term rental listings have been steadily rising in Wilmington. Wilmington no longer requires short-term rental registration following court decision According to AirDNA’s data on short term rentals, the Wilmington area has about 1,157 active short-term rentals. Of that, 87%... read more

North Carolina ranked first in the nation in an analysis of statewide economic development achievements in 2021. For achievement, the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina (EDPNC) received top honors and won Site Selection magazine’s 2022 Prosperity Cup. The prosperity cup award is given annually to state-level organizations with the most successful economic development projects in their state in the prior year. For ... read more

Buying a home can feel overwhelming and confusing, especially when you encounter new and unfamiliar real estate terminology like “title insurance.” What is this form of insurance, and why is it necessary? First, the term title commonly means that someone can prove they are the rightful owners of a particular property.  When buying a home, you want to ensure that ownership is legally transferred to you and that the title doesn’t contain any “defects,” such as a ... read more

According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates. As CoreLogic explained: “Home price growth remained consistently elevated throughout 2020. Home sales for the year are expected to register above 2019 levels. Meanwhile, the availability ... read more