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Archive for June, 2013

Fire chief fixes septic issue

Tuesday, June 25th, 2013

PENDER COUNTY, NC – (WECT)- Last month the fire chief of the Surf City Volunteer Fire Department was cited for having a broken septic system. According to the Pender County Health Department, Demetrius

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Fewer foreclosures, increased new home sales fueling housing market

Tuesday, June 25th, 2013

WILMINGTON, NC (WWAY) — Foreclosure rates are down and continue to fall in Wilmington. Meanwhile new home sales are up across the country.

Reports show foreclosure rates in our area in April 2012 were at 2.67 percent. Just one year later, the rate dropped to 1.72 percent.

“The tide is turning, and it is getting much better than it was a few years ago,” realtor Michelle Clark said.

The rate of foreclosure in Wilmington is lower than the national rate of 2.65 percent. Real estate agents say this is because foreclosed properties are drying up.

“The opportunities that there were before are gone or going,” Clark said. “I shouldn’t say they’re gone. There are still some foreclosures, there will always be foreclosures, but the steals, the opportunities, the abundance of them is gone.”

Michelle Clark said this will help bring the real estate market back. For real estate agents, this is good news.

“It’s actually shifting,” realtor Joe Capellini said. “It’s been a buyers market for years. It’s actually shifting to being more of a sellers market.”

And with new home sales up across the country, Capellini says good things are on the way for our city as well.

“When you start seeing more and more houses going up, that means the real estate market is healthy, the job market is growing, people have jobs, they want to buy houses, or certainly, they can stay in their houses, and you’ll see fewer and fewer foreclosures,” he said.

There’s more good news on the housing front. The US Department of Commerce said today new home sales last month were at the highest level since July 2008.

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Wilmington, Wrightsville Beach to consider Galleria property swap

Tuesday, June 25th, 2013

WILMINGTON, NC (WWAY) — Wilmington City Council will hold a special meeting Friday to vote on a resolution supporting the annexation of a Wrightsville Beach shopping center into the Port City.

The owner of the Galleria shopping center wants Wrightsville Beach to de-annex the property so it can be turned into a possible mixed-use development. The Galleria on Wrightsville Ave. is one of the few properties west of the Intracoastal Waterway annexed by Wrightsville Beach.

State Street Company out of Charlotte wants to purchase the property and build apartments and retail stores.

“I think it would be a natural extension of the city limits,” Wilmington City Manager Sterling Cheatham told our partners at the StarNews. “The city limits surrounds a lot of that area out there presently.”

Thursday night, Wrightsville Beach Aldermen will hold a public hearing on the de-annexation proposal before deciding whether to support the request.

Friday’s Wilmington City Council special meeting is at City Hall 11 a.m.

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Volunteer fire department members hope merger will keep them together

Tuesday, June 25th, 2013

Wednesday night, Pender County Commissioners will be discussing whether they want to approve a merger between several volunteer fire departments and Pender EMS. The public will also be able to weigh in during the meeting.

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U.S. home prices rise in April by most in 7 years

Tuesday, June 25th, 2013

Wilmington-area home prices are following the same trend as the national market.

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