Wilmington, N.C.: Tax credit helps housing market rebound

USA Today: The Wilmington, N.C., housing market ended the year on a good note, despite the region's tough economic times.

Home sales rebounded from a slow start when a boost from the first-time home buyer tax credit kicked in. The buyers who took advantage of it accounted for 34% of home sales last year, says Mary Martin, president of the Wilmington Regional Association of Realtors.

Now that the tax credit has been extended and expanded to include repeat home buyers, agents hope it will keep sales moving. But beach property sales are still lagging: Loans are much stricter for vacation-home buyers and investors, Martin says...  Read Article

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