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Archive for November, 2009

Deals were gobbled up on Black Friday

Saturday, November 28th, 2009

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Turkey hangovers did not keep shoppers from taking advantage of Black Friday deals early Friday morning. This year, some stores opened their doors at midnight to make way for the holiday crowds. At Target in Wilmington, shoppers were lined up well before the doors opened at 5:00 a.m.

Black Friday shoppers got up before the sun to try and get a spot at the front of the line, and a few holiday deals.

“A 32 inch for $246 and a Nikon camera for $88 ,” said Black Friday shopper, Elanie Carriker.

Dedicated bargain hunters braved the cold as they waited in line. But once the doors opened, things heated up quickly. Picking up TV’s and toys as people navigated through the crowds on their way to find a deal on a GPS.

“We’re on a mission, and we have a goal, and we have a whole strategic plan,” said Marlene Murphy.

Savvy shoppers made a point not to stray too far from the Doorbuster sales. Frankie Brown said, “I had my list all made out, right here on my clip board. I’m a very focused shopper – love to save money.”

But even the economy didn’t dampen the holiday spirit. Heading to the checkout with a sleigh full of deals; the registers lit up like Christmas lights. And with 27 shopping days still left till Christmas, shoppers were already focused on finding their next treasure.

“Just grab my stuff and go to the next store,” added Carriker.

For retailers, the holiday shopping season usually accounts for up to 20 percent of yearly sales.

Friday is called Black Friday because traditionally this is the day when retail stores start to turn a profit for the year.

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videoTurkey hangovers did not keep shoppers from taking advantage of Black Friday deals early Friday morning. This year, some stores opened their doors at midnight to make way for the holiday crowds.

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Associated poll

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Things starting to look festive at Carolina Beach, Pleasure Island

Saturday, November 28th, 2009

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The Carolina Beach Boardwalk is a little more festive this holiday season than in years past. The first ever Christmas by the Sea kicked off Friday evening.

Hundreds gathered and toured the lights and displays, live nativity scene, the fire pit, and gathered around the Christmas tree for carols. The event is an effort of the Boardwalk Makeover Committee, which has been working hard all year to restore family entertainment to the boardwalk.

Dan Wilcox, Carolina Beach Mayor Pro-tem said, “The overall goal is to see kids happy and to see their eyes light up and give families something to do during the winter season. Come down, walk around, look at the lights, sit by the fire for a while, listen to some stories. I mean, its family entertainment and that’s what we’re trying to do here at the boardwalk.”

The Christmas by the Sea will last throughout the holiday season on the boardwalk. The lights will be lit each night, and Santa will visit on Saturday nights.

A bit further south on Pleasure Island, Carolina Beach residents enjoyed ‘Light up the Lake. Hundreds waited in anticipation, and counted down to see the lake light up with Christmas lights.

The annual event kicks off the Island of Lights Festival which lasts all month long.

This year’s display features Santa on his sleigh, angels, and even a few dolphins to go along with a beach motif.

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The Carolina Beach Boardwalk is a little more festive this holiday season than in years past. The first ever Christmas by the Sea kicked off Friday evening.

Hundreds gathered and toured the lights and displays, live nativity scene…

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Associated poll

More: continued here

Marino on Money: November 27

Saturday, November 28th, 2009

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This week, a viewer asked about reverse mortgages. Wednesday, I reviewed how reverse mortgages work. Today, I will discuss the types of reverse mortgages and some considerations.

There are 3 types of reverse mortgages.

1. Single purpose mortgages, which are offered by some state and local agencies.
2. Home equity conversion mortgages, which are federally insured by the U.S. Department of Housing and Urban Development, or HUD, and:
3. Proprietary reverse mortgages, which are private loans.

The size of a reverse mortgage is impacted by the borrower’s age, the home’s value, and the interest rate. The older you are, the more you can borrow against your home.

Here are some considerations.

Reverse mortgages are generally more expensive and carry higher interest rates than traditional mortgages. Also, in some circumstances, the lender can call the loan or reduce the amount of money available. This can happen if you fail to pay property taxes or insurance premiums, or move out.

Finally, your family must also be considered. Some children may not like the idea of their parents selling the family home. And, a reverse mortgage will definitely have an impact on inheritance.

This is a big decision, and reverse mortgages can be complicated. As always, seek qualified advice when making important financial decisions.

If you have a financial question for Ross, you can use the Marino on Money page.

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videoWednesday, certified financial planner Ross Marino told us why many people are turning to reverse mortgages. Today, he’s breaking down the types of reverse mortgages you can consider.

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Associated poll

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Downtown Wilmington enjoys tree lighting, Santa Claus

Saturday, November 28th, 2009

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Christmas cheer lit up the Cape Fear River Friday evening. Caroling filled the air in downtown Wilmington as the city held it’s annual Christmas tree lighting.

All of the ornaments for the tree were made by students at local schools. Those who attended the tree lighting said it reminds them what they love about Christmas.

“What I like about Christmas is we get to spend all different kinds of time with our families and we can have all different kinds of presents,” said Sarah Hurley.

Turtle Creek Nursery donated the tree this year.

And what tree lighting would be complete without a visit from Santa Claus? Kids of all ages had the chance to take their picture with jolly Saint Nick.

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Christmas cheer lit up the Cape Fear River Friday evening. Caroling filled the air in downtown Wilmington as the city held it’s annual Christmas tree lighting.

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Associated poll

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Friday Night Varsity Flashback Playoffs Week 3

Saturday, November 28th, 2009

Round 3 of the playoffs is in the books. Check out the highlights from Pender-SW Onslow and Wallace-Rose HIll-Plymouth, plus get all the area teams’ scores.

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