The Week in Review.. Wilmington NC July 5, 2008

05Jul08
 

 

The Week in Review

……your Wilmington Connection

July 5, 2008

I hope everyone had an enjoyable 4th of July. The weather was trememdous with a great breeze and gorgeous sunshine. The fireworks sent us all home with stars in our eyes. Many visitors were in awe of the Wilmingon area, I had many opportunities to speak with visitors who said that Wilmington was there top destination for relocation and retirement. If you are planning on moving to Wilmington contact me and I will get a relocation package in the mail to you.


It’s a Great time to Buy Real Estate

Now is an ideal time to buy. Prices won’t go lower and there is an abundance of inventory. Sellers are willing to negotiate and builders are willing to throw in options. 2007 was the 5th best year on record for existing home sales. Despite some contrary reports and some moderate losses in value in the short term, home values in the long term have and will continue to rise. Real estate is a long term investment.

Shallotte approves process to annex; Shallotte Point must ask first, town says

Shallotte | Town officials have cleared the first hurdle for property owners in the quaint community of Shallotte Point who want to be annexed into the town of Shallotte.

The town board approved Tuesday night an ordinance establishing an annexation agreement with the towns of Holden Beach and Ocean Isle Beach, allowing residents to voluntarily be annexed into Shallotte and prohibiting the other towns from annexing them.

State law requires residents outside town limits to get approval from the nearest jurisdiction if they want to be annexed into another municipality, said Cindy Babson, the town’s zoning code enforcement officer.

The nearest jurisdictions to Shallotte Point are Holden Beach and Ocean Isle Beach, although the towns are separated from the area by waterway.

Now, pending approval of the ordinance from the other towns, property owners in the area can skip the step of a public hearing in each town and can petition for annexation directly to Shallotte.

Federal budget might not include money to dredge some inlets


Mike Davis, aboard the ‘Bird Dog II,’ said it wouldn’t take long for Carolina Beach Inlet to become a safety hazard if the periodic dredging by the Army Corps of Engineers is allowed to lapse.

Carolina Beach | Bill Carlson of Cape Fear Divers, taking a moment away from making some repairs on the dive boat Hawksbill Friday morning, shook his head when asked how important a navigable Carolina Beach Inlet is to the economy of this coastal town.

“Everything in this harbor is dependent on it,” he said, motioning up and down the docks to the commercial, charter and diving boats tied up in the town’s Yacht Basin. “We gotta have it to keep a lot of the jobs and the tourists that come to Carolina Beach.”

Last week, a House committee earmarked nearly $18.5 million in the upcoming 2009 federal budget for coastal infrastructure projects in Southeastern North Carolina.

Although just the first step in the long, often-convoluted process of coming up with a federal budget, it was an important move in the right direction, said U.S. Rep. Mike McIntyre, D-N.C.

“If you remember, the (Bush) administration gave us nothing but goose eggs in regard to funding for our inlets and beaches, so this is a real victory considering what we’ve gotten.

 

……………until next week in The Week in Review.

Tina


Filed under: Real Estate   |  Leave a Comment
Tags: , , , , ,