Anderson Creek Club on WRAL

Lee Handsel Interviewed on WRAL - Click to view video

Lee Handsel Interviewed on WRAL – Click to view video

Spring Lake, N.C. — Unlike most areas nationwide, Cumberland County experienced a fairly stable housing market last year, and industry observers credit Fort Bragg for that.

Sales of existing homes in the Fayetteville market declined 8.4 percent last year, the second straight down year since the market peaked in 2006. New home sales were down 10 percent last year.

In a normal economy, those would seem like bad news, but the declines paled in comparison with the hits that housing markets took elsewhere. For example, existing home sales were off 47 percent in the Triangle last month compared with December 2007.

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