April 1, 2014 [Updated April 7, 2014]
WILMINGTON, N.C. – Homeowner priorities are important to the community. That is one reason why WRAR is taking a stand with local candidates in the primary that support a robust real estate industry.
The Candidate Selection Task Force for the Wilmington Regional Association of Realtors® (WRAR) met last week, and after reviewing dozens of candidate questionnaires, supports the following candidates...
“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.