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Shedding Light On The Region’s Affordable Housing Gap

Shedding Light On The Region’s Affordable Housing Gap

Jessica Lautz, vice president of demographics and behavioral research for the National Association of Realtors speaks during the Cape Fear Realtors Affordable Housing Summit on Wednesday, February 13, 2019 in Wilmington:

“Average home prices have risen 22 to 30 percent in the tri-county area in the past six years” – according to a report produced for Cape Fear Realtors and distributed Wednesday morning during the organization’s Housing Affordability Summit at The Terraces on Sir Tyler in Wilmington.

“In New Hanover County, the figures showed a rise of 25 percent from 2012 to 2018 in the average price of a new home (about $285,000 in 2012 to $355,000 last year) and 28 percent for an existing home (about $234,000 to $301,000)

Pender County, showed the greatest average price gains: 27 percent for new homes (an increase of $64,000 to a little over $300,000) and 30 percent for existing homes (a jump from $210,000 to $273,000).”

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