Author Archives: admin

RealtyTrac counted a total of 154,281 U.S. properties with foreclosure filings — default notices, scheduled auctions, or bank repossessions — last month. The number is up 2 percent from January, but is down a full 25 percent from February 2012. … Continue reading →

Gov. Pat McCrory signed legislation on Wednesday that repeals the state’s earned income tax credit (EITC) after December of 2013.  The measure also cuts the credit from the current 5 percent to 4.5 percent.  A coalition of groups, including Action NC, the United … Continue reading →

As greater Wilmington moves closer to having a six-month supply of existing townhomes, condominium and single-family homes, some area builders are responding to the demand by launching new projects on existing lots in a number of communities across New Hanover … Continue reading →

Detroit topped the list for the most affordable housing market in the world, according to the Demographia International Housing Affordability Survey, which analyzed housing prices in 227 metro markets worldwide.  Detroit has faced economic hardship with a big population loss … Continue reading →

WILMINGTON, NC (WWAY) — Another delay seems likely for Wilmington’s Convention Center hotel. At a briefing with city leaders this morning, the developer said it needs another extension.  Hotel developer Harmony Hospitality said today it may need another three months … Continue reading →

New Hanover County’s construction sector finished strong for the year in December, particularly with new single-family housing starts.   The county issued 601 permits for new single-family construction in 2012 – exceeding 2011’s total of 421 permits for new single-family construction … Continue reading →

Record low mortgage rates and rising consumer confidence has been helping to give the housing market a lift and helped it become the hottest trade in 2012, CNBC reports.   For example, stock shares of Pulte Homes and Lennar doubled or … Continue reading →

Construction on downtown Wilmington’s Hotel Indigo development remains on schedule, according to a project manager.   A. Kyle Myers, project manager overseeing the hotel’s construction in the Northern Riverfront Marina and Hotel development along Nutt Street, said this week that Wilmington-based … Continue reading →