NCRB Files 30% Homeowner Insurance Rate Hike

In what will be an issue across North Carolina, the 2012 homeowners insurance rate filing was posted on the Rate Bureau website yesterday. CLICK HERE to see the filing. The filing identifies a “state average rate level change of 17.7%” but the proposed increases in New Hanover, Brunswick and Pender are 30%. The rates are

USDA Extends “Rural” Definition

ALERT: USDA has issued a notice extending the current “rural” definition until March 27, 2013 (previously October 1, 2012) to correspond with the expiration of the FY13 Continuing Resolution. If a legislative solution does not occur by March 27, 2013, the definition will expire. While this is good news, we will continue to focus on a

Pender County Contractors Meeting – Sept. 25th

Are you building, developing or holding investments in Pender County? Are you a builder, developer, real estate professional, designer, engineer or consultant on these types of projects? The Pender County Building Inspections division will be holding a Contractor’s Meeting September 25, 2012 from 3:00 – 4:00 p.m. at the Hampstead Annex offices (18676 US Highway

NCDWQ Seeking Comment on Proprietary Systems

NCDWQ is seeking public comment on the draft revised Chapter 20: Proprietary Systems of the NCDENR Stormwater BMP (Best Management Practices) Manual. A proprietary system is a manufactured device which treats stormwater before discharge to another BMP or to the receiving water. This is a broad category of BMPs with a variety pollutant removal mechanisms

EPA Proposing National Stormwater Rule

EPA has initiated a national rulemaking to establish a program to reduce stormwater  discharges from newly developed and redeveloped sites and make other regulatory improvements to strengthen its stormwater program. Click here for more information on the activities related to this proposed rulemaking. EPA intends to propose a rule to strengthen the national stormwater program

NCDCM – Digital Shoreline Maps Finalized

The N.C. Division of Coastal Management has finalized a project to create the first ever continuous digital map of more than 12,000 miles of estuarine shoreline in North Carolina. Through a partnership between the NCDCM and East Carolina University, the project identified the mileage of shoreline types such as a marsh or a swamp forest

CRC Seeking Input on Updated Erosion Rates

In 2011 the Division of Coastal Management completed its update of the long-term average annual erosion rates used in determining the ocean hazard setback factors initially established by the CRC under the Coastal Area Management Act (CAMA) in 1979. The long-term average annual erosion rates have been updated periodically since 1980, with the last update

NFIP – Congress Passes 5yr Extension

In an important victory for the National Association of Home Builders (NAHB) and the National Association of REALTORS® and its members who rely on the National Flood Insurance Program (NFIP), Congress reached an agreement to reauthorize the program through Sept. 30, 2017. In the past few years, the NFIP has experienced several short-term lapses in

2012 Housing Market & Economic Forecast

NCREC Issues Proposed BPO Rules

In response to Session Law 2012-163, which was enacted July 12, 2012 with an effective date of October 1, 2012, adds Article 6, 93A-82 and 83, to Chapter 93A of the General Statutes.  The new Article 6 authorizes real estate brokers to perform broker price opinions (“BPO”) and Comparative Market Analyses (“CMA”) for a fee