The Real Estate Report (April 2011)

Orange County Approves Phase I of UDO and Sales Tax Referendum. Last night the Orange County Board of Commissioners voted to approve Phase I of a Unified Development Ordinance.  The commissioners also voted to place a quarter-cent sales tax increase on the November ballot.  Read more at the Daily Tar Heel.

 

Weigh In on Chapel Hill’s Changes to Commercial Signage Ordinances. The Town of Chapel Hill is looking at revisions to a sign ordinance for commercial centers larger than 50,000 square feet.  If you want to weigh in on this issue, please plan to attend the public hearing on April 11th at 7:00 PM and email mayorandcouncil@townofchapelhill.org to express your views.

Local Real Estate News Durham-Chapel hill ranked 3rd in healthiest real estate markets in U.S. North Carolina adopts a new residential real estate contract simplifying the negotiation process for buying and selling a house Underwater mortgages rise in U.S. and Raleigh, fall in Durham More than 1,600 Triangle mortgages modified Mortgage applications jump Triangle home sales slip, but prices edge higher NC Senate passes bill allowing groups to negotiate revisions to the state’s annexation law   In Case You Missed It Developers financing gets creative Trulia Survey: 70 percent of Americans view home ownership as part of personal American Dream Administration calls for cutting aid to home buyers U.S. Commercial property recovery spares economy Land values fall along the N.C. coast Mortgage deductions get scrutiny from feds NC mention in NYT: “What You Get for … $300,000”

New Developments/Neighborhoods/Projects

Local News

 

Chapel Hill and Carrboro:

• Chapel Hill wins ‘Distinctive Destination’ award
• 2010 Census: Suburban, urban counties blossom; rural counties wilt (find data here and here)
• Chapel Hill-Carrboro school board approves redistricting
• Chapel Hill skips deal to relocate public library to University Mall
• Chapel Hill mayor gives State of the Town address
• Chapel Hill Town Council approved a re-write of town’s comprehensive plan
• Carrboro taps new economic development officer

 

Orange County:

• Orange County looks at “A New Way Forward” for economic development
• Orange County hires Gary Shope as interim Economic Development Director
• GCHAR Member Desiree Goldman advocates for Unified Development Ordinance
• Orange County Manager Frank Clifton: How to expand Orange economy
• Herald-Sun gives $240K in-kind advertising to Orange County Is a Great Place Campaign

 

And beyond…

• Western Wake’s growth brings change to Chatham County
• North Carolina visitor spending jumps to $17 billion
• N.C. added 6,400 jobs in 2010

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