Real Estate

Business & Economy
9:36 am
Wed October 15, 2014

Affordable Housing In NC Is Scarce, Here's Why

Affordable housing options are becoming scarce in North Carolina
Credit capl_@_washjeff.edu / 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.

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Business & Economy
5:00 pm
Tue September 16, 2014

Youth Radio: 'I've Never Seen Any White People' In This Durham Park, Now I Do

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

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Business & Economy
8:32 am
Tue August 5, 2014

NC Has 12th Most-Expensive Mortgage Closing Costs

North Carolina ranks 12th for mortgage closing costs.
Credit AKZOphoto / Creative Commons

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

Holden Lewis is a mortgage analyst for Bankrate.com.  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. 

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Military
10:53 pm
Wed November 6, 2013

Local Vet Gets Keys To New Home

Credit 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.

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Business & Economy
8:39 am
Thu August 15, 2013

Triangle Home Sales Up Almost 40 Percent

Credit 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. 

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Business & Economy
4:35 pm
Tue September 11, 2012

D.R. Horton Will Return Mineral Rights

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

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