Housing market slows retreat from rising seas and bigger storms | News from North Carolina

Housing market slows retreat from rising seas and bigger storms |  News from North Carolina

By BEN FINLEY, Associated Press Chuck and Terry Nowiski lived in their cottage-style farmhouse with a wraparound porch for 36 years before it was flooded. After Hurricanes Matthew and Florence, they said “yes” to the state’s offer to buy and demolish their home. Almost three years later, they are still waiting for the money. What’s … Read more

Raleigh, Charlotte homes are way too expensive, study says

Raleigh, Charlotte homes are way too expensive, study says

A study by two Florida universities found that 15 US housing markets are overvalued by 50% or more — including the two largest cities in North Carolina. Raleigh rings at No. 14 and Charlotte at No. 11, the researchers found. “Unless we’re at the peak of the current housing cycle, we’re awfully close,” Florida Atlantic … Read more