What’s Happening in Wilmington’s Real Estate Market in Fall 2025?

By Buddy Blake

Buddy Blake is a renowned real estate expert in Wilmington, North Carolina, known for his commitment to delivering exceptional service and his deep-rooted connection to the community. With decades of experience, Buddy has become a trusted name for homeowners, businesses, and local families.

For many buyers and sellers, today’s housing market feels uncertain. Interest rates, new construction, and shifting prices all create questions about what to do next. When you understand the forces at play, you can make smart decisions and avoid mistakes. Here’s a clear look at what is happening right now and what it means for you.

Are mortgage rates really coming down? The Federal Reserve recently cut short-term rates by a quarter point. That helps credit lines and HELOCs, but it does not lower 30-year mortgage rates. Rates in the twos and threes will not return unless another crisis forces extreme measures. Currently, FHA and VA loans with points are showing in the high fives.

Why is new construction such tough competition? Builders are cutting prices, buying down rates, and offering incentives such as closing costs and upgrades. In many cases, a new home costs the same or less than a resale. Sellers are competing not only with neighbors but also with new builds 10 to 20 miles away that include warranties and extras buyers want.

What about assumable loans? Loan assumptions are one of the most overlooked options today. Many VA and FHA loans can transfer to a new buyer, allowing them to take over a seller’s low-interest rate. In some cases, there is no appraisal, and approval is simpler. A 2.99% loan on a $600,000 home creates the same payment as a $300,000 house at today’s rates. For sellers with an assumable loan, this can significantly increase the property’s appeal.

Whether you are just starting to plan or are already in the middle of buying or selling, these insights can help you make better decisions with less stress. Understanding how rates, new construction, and assumable loans affect your options puts you in a stronger position. If you have questions or want clear guidance for your next move, you can call or text me at 910-218-8879 or email me at buddy@buddyblake.com. I’ll help you develop effective strategies for your real estate journey.