N.C. foreclosures drop in August - The Business Journal of the Greater Triad Area
North Carolina’s residential foreclosures in August fell 0.9 percent from July but are up more than 12 percent from a year ago.
Some 4,844 N.C. homes were in the foreclosure process in August, or one of every 867 households. The state ranks 35th in the nation for rate of filings, according to RealtyTrac Inc.
Foreclosures in the state rose 12.2 percent from August of last year.
Last month’s foreclosures nationwide increased 4 percent from July but dropped 5 percent from August 2009. One in every 381 U.S. households received a foreclosure filing last month.
“The trend lines of decreasing default notices and increasing bank repossessions converged in August, with virtually the same number of new default notices and bank repossessions for the month — a clear indication that the clogged foreclosure pipeline is being carefully managed on both ends by lenders and servicers,” says James Saccacio, chief executive at RealtyTrac.
Nevada, for the 44th consecutive month, had the country’s highest foreclosure rate, with one of every 84 homes receiving a foreclosure filing. The state had 13,385 residential properties in foreclosure in August.
Vermont had the lowest foreclosure rate, with a total of 17 filings.
Read more: N.C. foreclosures drop in August - The Business Journal of the Greater Triad Area
Thursday, September 23, 2010
Economist: It's going to be a bumpy ride in N.C. - CharlotteObserver.com
Economist: It's going to be a bumpy ride in N.C. - CharlotteObserver.com
The N.C. economy is likely to grow this year, but the recovery will remain uneven and jobs will remain scarce, a UNC Charlotte economist said Wednesday.
John Connaughton expects the state's economy to increase 0.8 percent over 2009, he said during his quarterly economic presentation, delivered at UNC Charlotte's uptown campus.
That's a downgrade from his earlier reports: In June, Connaughton predicted 2.2 growth; in March, he said the state's economy was likely to grow by 3.5 percent over 2009.
"The national economy has been able to put together four consecutive quarters of expansion, while the North Carolina economy has struggled to put two quarters of growth together," he said.
Even anemic growth has helped stem job losses, but it's not yet enough to generate job growth, Connaughton said. That means unemployment, which has long troubled the Charlotte region and the state, will remain inflated.
"Although there is little likelihood of a double dip (recession) during the second half of the year, the economy will continue to be sluggish enough that, to many people, it will feel like a return to the recession."
Connaughton expects N.C. businesses to add 37,400 jobs this year, up 1 percent from 2009. Those gains follow a loss of more than 282,000 jobs statewide during the recession.
The N.C. unemployment rate, which began the year above 11 percent and has since dropped to a seasonally adjusted rate of 9.8 percent, is expected to drop to 9.4 percent by the end of the year, he said.
Looking ahead to next year, Connaughton expects the state economy to grow 2.7 percent. He predicts output increases from seven of the state's 11 economic sectors, including retail trade and finance. Companies across the state could add 19,700 more jobs in 2011, but job growth will probably lag for the foreseeable future, he said.
"It is likely to take four or five years to regain the lost jobs," Connaughton said. "Job growth will be the biggest problem for both the U.S. and North Carolina economies over the next several years."
Read more: http://www.charlotteobserver.com/2010/09/16/1695308/economist-its-going-to-be-a-bumpy.html#ixzz10O6vwCXW
The N.C. economy is likely to grow this year, but the recovery will remain uneven and jobs will remain scarce, a UNC Charlotte economist said Wednesday.
John Connaughton expects the state's economy to increase 0.8 percent over 2009, he said during his quarterly economic presentation, delivered at UNC Charlotte's uptown campus.
That's a downgrade from his earlier reports: In June, Connaughton predicted 2.2 growth; in March, he said the state's economy was likely to grow by 3.5 percent over 2009.
"The national economy has been able to put together four consecutive quarters of expansion, while the North Carolina economy has struggled to put two quarters of growth together," he said.
Even anemic growth has helped stem job losses, but it's not yet enough to generate job growth, Connaughton said. That means unemployment, which has long troubled the Charlotte region and the state, will remain inflated.
"Although there is little likelihood of a double dip (recession) during the second half of the year, the economy will continue to be sluggish enough that, to many people, it will feel like a return to the recession."
Connaughton expects N.C. businesses to add 37,400 jobs this year, up 1 percent from 2009. Those gains follow a loss of more than 282,000 jobs statewide during the recession.
The N.C. unemployment rate, which began the year above 11 percent and has since dropped to a seasonally adjusted rate of 9.8 percent, is expected to drop to 9.4 percent by the end of the year, he said.
Looking ahead to next year, Connaughton expects the state economy to grow 2.7 percent. He predicts output increases from seven of the state's 11 economic sectors, including retail trade and finance. Companies across the state could add 19,700 more jobs in 2011, but job growth will probably lag for the foreseeable future, he said.
"It is likely to take four or five years to regain the lost jobs," Connaughton said. "Job growth will be the biggest problem for both the U.S. and North Carolina economies over the next several years."
Read more: http://www.charlotteobserver.com/2010/09/16/1695308/economist-its-going-to-be-a-bumpy.html#ixzz10O6vwCXW
Friday, September 17, 2010
Graffiti on Buildings a Nuisance
As of October 1, 2010, Hickory, NC has passed a new regulation where graffiti will be considered a nuisance on your building.
Through September 15, 2010, the City of Hickory developed a graffiti removal grant program to help property owners clean up any graffiti. The Hickory City Council set aside $25,000 for the grant and would reimburse property owners up to 50 percent, not to exceed $1,000, to remove graffiti.
As of October 1, 2010, failure to remove the graffiti in a certain time frame will cause the City to remove the graffiti at the owner's expense, which may include placing a lien on the property.
Visit Kevin Teeters Realty online at some of these other locations:
Click here if you are looking to buy or sell a home in, or need information about, the Hickory, NC area.
Wednesday, September 15, 2010
NC: Caldwell County HUD Homes: September 15, 2010
HUD Homes in Caldwell County (NC) for the week of September 15, 2010
Staff from Kevin Teeters Realty visited these homes to tour and take additional photographs. Please click on any of the photographs to be taken to our website to browse the additional views.
5391 River Road, Granite Falls, NC 28630 $52,800
5426 Pembrook Drive, Granite Falls, NC 28630 $55,000
1225 Smithfield Drive, Hudson, NC 28638 $81,000
1706 Morning Star Church Road, Lenoir, NC 28645 $55,000
1217 Old North Road, Lenoir, NC 28645 $65,000
Click here for more information about Kevin Teeters Realty.
NC: Catawba County HUD Homes: September 15, 2010
HUD Homes in Catawba County (NC) for the week of September 15, 2010
Staff from Kevin Teeters Realty visited each of these homes to tour and take additional photographs. Please click on any of the photographs to be taken to our website to browse the additional views.
109 2nd Avenue, Catawba, NC 28609 $30,000 - Bring Best Offer
1256 Prince Street, Hickory, NC 28602 $60,000
4143 Cub Drive, Maiden, NC 28650 $56,000
109 Acreview Lane, Maiden, NC 28650 $72,000
112 W 24th Street, Newton, NC 28658 $45,000
2303 Palmetto Drive, Newton, NC 28658 $44,800
5149 Elmwood Court, Vale, NC 28168 $35,000
Click here for more information about Kevin Teeters Realty.
Big Sweep October 2 - Join the Effort Today!
Who is Big Sweep?Big Sweep is an award-winning 501(c)(3) grassroots nonprofit organization whose mission is a litter-free environment. They conduct year-round education to prevent litter and coordinate The North Carolina Big Sweep, the North Carolina component of the International Coastal Cleanup - an event in which volunteers from all 100 NC counties and approximately 90 countries worldwide come together to clean up our land and waterways. The statewide date for the fall cleanup is the first Saturday in October - which will be Saturday, October 2, 2010. Please go to the County Coordinators page to find out how to contact your County Coordinator and find out more about local cleanups.
What were the results of this effort in 2009?
Click here to see either a county-by-county break-down or the statewide results. Some highlights for the NC event in 2009 include:
*18,433 volunteers
*1,379 miles covered
*1,617 tires collected
*1,164 bags of recycling
*16,867 bags of trash
*520,591.5 lbs of trash
*84,876 hours of volunteerism
How Can You Help?
Big Sweep needs Litter Collectors, Boaters, and Fishermen to Lend a Helping Hand.
The 2010 North Carolina Big Sweep, the North Carolina component of the International Coastal Cleanup - an event in which volunteers from all 100 counties in the State and approximately 90 countries worldwide come together to clean up our land and waterways. The statewide date for the fall cleanup is the first Saturday in October - which will be October 2, 2010. Click here to volunteer.
Big Sweep needs Litter Collectors, Boaters, and Fishermen to Lend a Helping Hand.
The 2010 North Carolina Big Sweep, the North Carolina component of the International Coastal Cleanup - an event in which volunteers from all 100 counties in the State and approximately 90 countries worldwide come together to clean up our land and waterways. The statewide date for the fall cleanup is the first Saturday in October - which will be October 2, 2010. Click here to volunteer.
Why should I get involved?
As members of the real estate community, we all have a vested interested in the quality of life in our areas. What better way to show our commitment to our regions than by volunteering to help keep our areas clean.
As members of the real estate community, we all have a vested interested in the quality of life in our areas. What better way to show our commitment to our regions than by volunteering to help keep our areas clean.
Learn More About Kevin Teeters Realty Here.
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