Real Estate

A picture of a sale sign in front of a home. / Flickr

The switch to a year-round calendar for 22 schools in Wake County may have hurt some home prices, according to a new study out of Elon University and RTI International. It looked at how home prices changed after Wake made a controversial decision in 2007 to convert 22 schools to a year-round calendar.

Photo: Lot in Northeast Raleigh
Courtesy Michi Njeri

Members of the North Carolina House of Representatives are scheduled to vote Monday night on a contentious bill that would curtail home owners’ ability to block certain type of construction in their neighborhood.

Under the proposal, lawmakers would eliminate from state law “protest petitions,” a nearly century-old procedure that property owners can use to force a three-fourths vote from their city council to change the zoning classification of an adjoining property.

A picture of a window with a for rent sign. / Creative Commons

North Carolina has better houses and apartments for sale or rent than in recent years. But Bob Kucab says with that rise in quality, affordability has become a problem. He directs the North Carolina Housing Finance Agency.

“And the biggest culprit is quite simply that housing costs have risen faster than incomes for most families over the past 10 years,” Kucab says.

Now, developers, real estate agents, lenders and agencies are gathering to share potential solutions.

Emmanuel Johnson worked as a teen reporter during the summer of 2014 at WUNC.
Carol Jackson

Emmanuel Johnson is a senior at Riverside High School in Durham. As a part of WUNC's Youth Radio Project, he reports on a changing neighborhood in his hometown.

I've lived in Durham, NC my whole life and I always walk past this park on the corner of Oakwood Avenue and Holloway Street. It's downtown, near the public library.

A picture of a sold sign in front of a house.
AKZOphoto / Creative Commons

A new national survey shows mortgage closing costs are rising across all 50 states. 

Holden Lewis is a mortgage analyst for  He says North Carolina ranks as the 12th most expensive state. 

“Mortgage closing costs went up this year about five or six percent compared to last year.  And lenders say that the reason is regulation,” Lewis said. 

Soldier saluting
U.S. Department of Veterans Affairs

First Lieutenant Nathan Rimpf of Raleigh lost both his legs to an improvised explosive device in Afghanistan last year.  He received a Purple Heart and got two titanium legs when he returned. And on Thursday he'll be a new home owner.

RubyJi via Flickr, Creative Commons

July home sales are up 39 percent in the Triangle, compared to the same period last year. That number comes from Durham, Johnston, Orange and Wake County sales.   

As home sales have increased, inventory has gone down, by over 10 percent. Currently, the region has just a three month supply of homes on the market based on current trends.   

Stacey Anfindsen, a market analyst with Birch appraisal Group, says these numbers need perspective. 

A homebuilding company that had retained the mineral rights of about 850 newly built houses has agreed to return them to consumers.