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Archive for January, 2014

Free help with the Affordable Care Act

Thursday, January 23rd, 2014

A local health center is helping people in New Hanover and the surrounding counties sign up for insurance.

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Wilmington lands among best areas for owning a home

Thursday, January 23rd, 2014

WILMINGTON, NC (WWAY) — Wilmington has been named one of the nation’s best small metro areas for home ownership. Wilmington came in at No. 10 on the list.

The ranking from consumer advocacy site NerdWallet, factors in available homes, cost of living and area growth to help potential homebuyers find the best match.

Buying a house is not easy work, but after a recent study found that one in four households are spending more than 50 percent of their income on rent, it may be worth the effort.

“The affordability also of owning a home now as compared to renting is in favor of owning a home,” Wilmington realtor Ashley Garner said. “With the prices and the interest rates, in many cases you can own a home for less than you can rent a similar property.”

So NerdWallet, a website that says its “on a mission to save you money,” analyzed the top 100 most populous metro areas to find out which are best for prospective buyers.

“Wilmington made the cut because it was one of our most affordable cities with monthly homeowner costs as a percentage of household income coming in at under 36 percent,” NerdWallet strategy associate Jaime Ortiz said.

She says with a population growth of 1.6 percent and homeownership rates nearly one point higher than the national average, the numbers say it all. But Ortiz, who has visited Wilmington, says it’s about more than just the numbers.

“Wilmington is a really great place for residents given it has access to a good quality of life with the beach and the ocean nearby, but then there’s also diversity of business opportunities in the area,” she said.

Wilmington is not the only North Carolina city to make the cut. Raleigh and Charlotte top the list for the best large metro areas for homeownership.

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Judge issues arrest warrants for NHC Commissioner Brian Berger

Thursday, January 23rd, 2014

New Hanover County Commissioner Brian Berger was expected in court Thursday morning, but he never showed up. A judge, in turn, has issued a warrant for the commissioner's arrest.

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Police search for suspect in Wilmington bank robbery

Thursday, January 23rd, 2014

Wilmington Police are searching for a suspect that is accused of robbing the State Employee's Credit Union off Racine Drive in Wilmington Thursday morning.

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Resistance up to 25 percent NC home insurance hike

Thursday, January 23rd, 2014

AP Business Writer

RALEIGH, NC (AP) — North Carolina homeowners are looking at insurance cost increases averaging 25 percent in August if the state’s regulator goes along.

The state Insurance Department is expected on Friday to hear from some of those angriest about the prospect of higher premiums to insure their homes.

The hearing comes three weeks after the state’s insurers requested rate changes that save almost 3 percent to insure homes away from the ocean in Brunswick, Carteret, New Hanover, Onslow and Pender counties. The costs would increase by 35 percent along and near the beaches in those same counties and three others.

An average 7 percent rate increase took effect in July. Insurers say they’re trying to catch up on decades of what they call “inadequate” pricing while anticipating potential payments in 2016 and beyond.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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