Wilmington Shows Signs of Continual Economic Growth

William Hall, senior economist at University of North Carolina Wilmington, predicts the Wilmington area will grow 3.5% this year and 3.8% in 2016. According to an article printed in the Greater Wilmington Business Journal, 3% is a key figure as it is the rate the economy needs to grow to keep the unemployment rate stable. Mr. Hall has been a senior economist for 41 years at UNCW.

The growth prediction is good news for the Wilmington area. His evaluation of the economic condition from the local economic indicators he uses show that with the exception of airport passenger traffic, there is a good outlook for 2015 – unemployment, residential real estate, retail sales, tourism and State Port activity show signs that the sectors have fully recovered or are on their way back from the Great Recession that crippled the economy about seven years ago.

Hall maintains that retail sales and tourism have rebounded completely from what was considered one of the worst economic downturns since The Great Depression. Furthermore in an economic outlook for 2015 released by a Wells Fargo analyst indicate recovery is gradually building with areas such as Raleigh and Charlotte leading the way. Asheville, Wilmington and Durham were specifically mentioned as growing areas. Most other areas in the state will grow at a slower pace than the stars mentioned above, according to the analyst.

A number of factors will contribute to the continual growth one of which is the possibility of increased interest rates. Taking advantage of the growing economy to purchase property now may save buyers increased interest rates and guarantee buyers a better selection of properties. As the economy continues to improve real estate “deals” of the past seven years are disappearing. Let us at Carolinas Connect Realty help you take advantage of today’s market!

Share this Post

More Recent News

Brunswick Beat

The Brunswick Beat – EPISODE 63 – South Harbour Village

Your Guide to Southeastern NC’s People & Places! Welcome to South Harbour Village! South Harbour Village is a vibrant coastal community in Oak Island, offering homes with marina access and golf course views. Amenities include a clubhouse, pool, and nearby restaurants, it’s a popular choice for retirees and families alike. Its location near Oak Island’s beaches and Southport’s attractions enhances its appeal. TUNE IN NOW as Seth Robbins gives you a quick tour of the

Market Conditions

Brunswick County Market Update — APRIL 2025 RECAP

WATCH as North Carolina real estate expert, Jack Hamilton of Hamilton Realty Group, discusses the LATEST real estate housing market numbers here in Brunswick County, NC — Brunswick County Market Update — APRIL 2025 RECAP.

Market Conditions

St. James Exposed — EPISODE 106

WATCH as North Carolina real estate expert, Jack Hamilton of Hamilton Realty Group, discusses the LATEST real estate housing market numbers in St. James Plantation, NC — St. James Exposed — EPISODE 106. Hamilton Realty Group at eXp RealtyYour Local Experts910.601.2344

Brunswick Beat

The Brunswick Beat – Episode 62 – Cape Fear Radio

Your Guide to Southeastern NC’s People & Places! Cape Fear Radio is a 24/7 streaming radio station completely ran by volunteers. Their focus is to provide a diverse and engaging listening platform for all to enjoy with a philanthropic effort of giving back to their Downtown Southport community. WATCH this episode to learn more about this incredible organization and be sure to tune in to their station by downloading the Cape Fear Radio app or

Market Conditions

St. James Exposed — EPISODE 105

WATCH as North Carolina real estate expert, Jack Hamilton of Hamilton Realty Group, discusses the LATEST real estate housing market numbers in St. James Plantation, NC — St. James Exposed — EPISODE 105.

Market Conditions

Brunswick County Market Update — MARCH 2025 RECAP

WATCH as North Carolina real estate expert, Jack Hamilton of Hamilton Realty Group, discusses the LATEST real estate housing market numbers here in Brunswick County, NC — Brunswick County Market Update — MARCH 2025 RECAP. Hamilton Realty Group at eXp RealtyYour Local Experts910.601.2344