“Now that insurance companies are using consent to rate agreements as a pricing tool instead of as a last resort, it really calls into question the veracity of the entire Rate Bureau program,” said Shane Johnson, WRAR Government Affairs Director. Johnson was speaking at the noon luncheon of the Wilmington Kiwanis Club on February 26. “According to the Department of Insurance, once signed by a policyholder, the insurance company can raise rates up to 250% above the approved ceiling rate, annually.”
By Jody Wainio, SFR, WHS - 2014 President, Wilmington Regional Association of Realtors®
When analyzing ten major zip codes in our region – 28403, 28405, 28409, 28411, 28412, 28451, 28480, 28428, 28449, and 28443 – an average of the zip codes for year-end 2013 shows that:
- Our average sales price has increased by 4.2% from year-end 2012.
- Of the 4,643 sellers in 2013, 26.77% paid some sort of concession toward the purchase of the house.
Seven year old Leo (Leonidas) Jack smiled in his button down shirt and red tie in response to being the newly crowned (and youngest ever) Stewardship Champion by the Lower Cape Fear Stewardship Development Coalition. Leo’s recognition caused a standing ovation at the February 19th Annual Stewardship Development Award Luncheon held at The Terraces on Sir Tyler. It was all set in motion on May 30, 2013 when police discovered that 1,000 Venus’ flytraps had been stolen from the Stanley Rehder Carnivorous Plant Garden south of downtown Wilmington.