Great news for our local rental market! Wilmington has been recognized as the 6th best place for renters to live in the entire United States, according to a comprehensive new study by RentCafe. Even better? We claimed the top spot in all of North Carolina, beating out major cities like Raleigh, Charlotte, Durham, and Asheville….
Wilmington is emerging as a leader in the build-to-rent communities. These provide much-needed housing options, blending the flexibility of renting with the appeal of single-family living. Investors are taking notice as demand continues to grow. However, external factors such as climate risks and mortgage inaccessibility could shape the long-term viability of these developments. What Are…
CNBC recently reported that mortgage demand has dropped further, sparking concerns about a cooling spring homebuying market. For those of us in property management, however, this trend unveils a hidden opportunity. When high-quality movers decide not to buy, they’re almost always shifting to rentals. This pivot sets the stage for a surge in demand for…
Key takeaways On average, purchasing a home now costs $1,091 more per month than renting the same property. Although this gap has narrowed from the $1,349 peak in October 2023, it remains significantly higher than the historical national average of $233. Across the top 20 single-family rental (SFR) markets, the spread between purchasing and renting…
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