North Carolina
5 Biggest Myths of Buying a Home in North Carolina in 2025 — Dispelled by Experts
Based on the most recent data from Redfin, U.S. housing prices were up 5.4% year over year in November. But, if you are looking to move to North Carolina or if you already live there and are thinking of buying a home in 2025, you will find the market a little better than the overall prices around the country.
According to Redfin, North Carolina home prices were up just 2.6% over November 2023, with a median price of $374,100.
Try Out: 25 Places To Buy a Home If You Want It To Gain Value
Learn More: 3 Best Florida Cities To Buy Property in the Next 5 Years, According To Real Estate Agents
Experts dispelled five common misconceptions about buying a home in North Carolina heading into 2025.
Myth No. 1: The Housing Market Will Slow Due to Hurricane Helene
The number of homes sold in November was down 2.2% year over year, and a common misconception is that the will continue to slow due to the damage to homes from Hurricane Helene.
What’s the Reality?
“The North Carolina housing market experienced a slight slowdown in the last quarter of 2024,” said Polly Leadbetter, the license partner of Engel & Völkers Foothills Lake James. “This was due to higher mortgage rates, the elections and Hurricane Helene.”
As interest rates continue to drop, experts expect the housing market in most of the state to return to healthy inventory and transaction levels.
“At this point,” Leadbetter added, “only specific areas of Western North Carolina have homes that are still significantly damaged.”
Also See: Renting Vs. Owning a Home — Which Will Be Cheaper in 2025?
Myth No. 2: Housing Prices Will Shoot Up
Another common myth is that housing prices are expected to increase in North Carolina with expected interest rate announcements and increased competition.
What’s the Reality?
Nathan Richardson, a real estate expert and founder of CashForHome, said, “It goes without saying that we have noticed an upward price in the housing market in some cities like Raleigh, Charlotte and Asheville. However, other areas in North Carolina still have a reasonable price guide for the buyers.”
Just because rates are expected to drop doesn’t mean that all housing prices will increase in the state. Real estate dynamics can be fairly complex, and there are no certainties when it comes to prices over an entire state.
Myth No. 3: Homebuyers Aren’t Required To Pay Any Fees
According to Leadbetter, a common misconception about buying a home in North Carolina is that homebuyers believe they’re not required to pay any fees at the time their offers are accepted.
What’s the Reality?
Leadbetter pointed out that two fees are due in North Carolina as soon as an offer is accepted. The first fee is a due diligence fee, which is similar to an option fee. It’s paid directly to the seller for the time spent conducting inspections, securing a loan, etc. This fee is nonrefundable because the buyer pays the seller to take the property listing off the market and not for the results of the inspections.
The second fee is the earnest money deposit, which is held in a trust account until closing and is refundable if the buyer cancels before the end of the due diligence period.
“Both fees are credited to the purchase price if the sale is completed,” Leadbetter said.
Myth No. 4: The Seller Is Responsible for Making Certain Repairs
Leadbetter noted another misconception in the North Carolina market, which is that the seller is responsible for repairing damages found during a home inspection.
What’s the Reality?
In North Carolina, homes are sold “as is.”
Leadbetter clarified: “While many sellers are willing to negotiate repairs, they’re not obligated to address damage or issues found during a home inspection.”
This is why it’s crucial that you have a home inspection conducted by an expert who can identify issues that aren’t easily noticed. If you don’t bring up the issues during negotiations, you may get stuck with expensive repairs when you take ownership of the property.
Myth No. 5: Property Closings Are Done By a Title Company
A common myth about buying a home in North Carolina is that a title company does property closings. However, the process is a bit different in the state compared to others.
What’s the Reality?
Unlike many other states, property closings in North Carolina are done by an attorney, not a title company.
Leadbetter added, “An attorney is hired by the buyer and they will research the title on the property as well as obtain title insurance, coordinate loan documents, and prepare all other documents that are needed to purchase the property.”
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This article originally appeared on GOBankingRates.com: 5 Biggest Myths of Buying a Home in North Carolina in 2025 — Dispelled by Experts
North Carolina
Ex-senator’s wife, 75, found escaped inmate cowering in the backseat of her car: ‘I was shaking like a leaf’
The 75-year-old wife of a former Republican North Carolina senator had a frightening start to her week when she discovered an escaped inmate hiding in the backseat of her car, according to local reports.
Marie Steinburg, married to ex-State Senator Bob Steinberg, left her Edenton home for work around 7:30 a.m. Monday when she unlocked her Honda Civic and found 23-year-old accused thief Charles Babb cowering in the backseat, with a blanket wrapped around his orange prison jumpsuit.
“I headed out the door, and I clicked the unlock, and it must have scared the guy, because the next thing I know, I saw something moving in my backseat,” the startled senior said, WTKR reported.
“I kept backing up little by little by little because I thought, I don’t know what this man is going to do.”
Babb — who police said escaped from the Chowan County Detention Center Sunday night — then jumped out the car.
While residents were urged to lock their doors and windows, stay inside, and avoid interacting with the armed and dangerous fugitive, Steinburg said she remained calm and began talking to him.
“I figured if I was nice to him, he’d be nice to me,” she said, WAVY reported.
“I just figured that was the thing to do because I didn’t know if he was really dangerous,” Steinburg explained, adding that “he kept saying, ‘I’m sorry, I’m sorry, I’m sorry. I’m so cold.’ And, you know, I was startled and I know he was too. And I said, “Well, hey, let me go in and get you a coat.’”
Steinburg said Babb then turned and raced down the driveway — reportedly leaving behind his prison sandals and a face mask — as she ran inside, called out to her husband, and dialed 911.
“I got in as fast as I could,” she recalled, according to WTKR.
“I was shaking like a leaf, and I could barely get the key in the lock, but I did.”
The Edenton Police Department apprehended the convict nearby shortly thereafter.
Police did not give details on how Babb escaped jail, other than to say he used a make-shift edged weapon. He was being held on felony breaking and entering and larceny charges before his breakout, according to the Daily Advance.
Her husband, who advocated for prison reform during his 10 years in office, praised his wife for how she handled the terrifying situation, believing a higher power was looking out for them.
The couple added that they will never forget to lock their car doors again.
“Oh let me tell you, if I don’t, [my husband] is gonna,” a relieved Steinberg said.
“It’s one of those things that we learned.”
The Chowan County Sheriff’s Office has since launched an investigation into Babb’s jailbreak.
North Carolina
How Seth Trimble’s Injury Unlocked North Carolina’s Potential
Injuries are an unfortunate element in sports, and that has been relevant for the North Carolina Tar Heels this season. Now, most of the time, those injuries occur in games or practices. That was not the case for Seth Trimble, who suffered a broken arm in a workout accident.
The senior guard has not played since the second game of the season against the Kansas Jayhawks on Nov. 7.
Although the injury forced the Tar Heels’ coaching staff and players into an uncomfortable situation, the team has responded, winning six of seven games in Trimble’s absence. You never want to see a player suffer a significant injury, but in this particular case, it has opened the door to possibilities that North Carolina may not have been aware of if this never transpired.
Here is why Trimble’s injury has not been doom and gloom for the Tar Heels in this early portion of the season.
Unlocking a Potential Star Off the Bench
Before the last two games, North Carolina’s backcourt situation appeared to be a significant shortcoming for the Tar Heels. Because of that, Davis was forced to expand his bench with the hopes of unlocking the offense while supplying consistent production.
That has elevated freshman guard Derek Dixon’s role in the rotation, which has proven to be pivotal in North Carolina’s wins in the last two games against Kentucky and Georgetown. During that span, the 6-foot-5 guard has averaged 11.5 points while shooting 53.3 percent from the field and 50 percent from three-point range.
With the rotation becoming solidified in recent weeks, head coach Hubert Davis explained how the backcourt has taken shape following the Tar Heels’ win over Georgetown on Sunday.
- “I really like [Kyan] and Derek [Dixon] on the floor at the same time,” Davis continued. “I’ve always said that I love multiple ball handlers. You can’t take us out of our offense. And with those two, with the way that Georgetown was switching defenses, we always had somebody that can handle the basketball and get us into a set and get us organized.”
- “So, it’s trying to figure out rotations,” Davis continued. “And then when Seth comes back, it’s finding it again. Different combinations is one of the things that I was excited about coming into the season. That is the versatility that we have, that we can throw out a number of different rotations out there that can be really effective on the floor.”
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North Carolina
Seasonal flu virus numbers increase across NC; NCDHHS shares tips to stay healthy this season
RALEIGH, N.C. (WTVD) — Flu-related illnesses and deaths have been rising across the state, according to the North Carolina Department of Health and Human Services.
Three flu-related deaths were reported within the past week, bringing the number of deaths to nine this season.
North Carolina reported 542 flu-related deaths for the 2024-25 respiratory virus season; this is the highest number of statewide flu deaths ever recorded in NC.
So far, no flu-related deaths in children have been reported in North Carolina.
SEE ALSO | Flu concerns grow in US as UK sees more cases among kids
Influenza A (H3N2) virus strain known as subclade K has spread worldwide, and it is the most often reported flu virus so far this season in the U.S.
State Epidemiologist Zack Moore says the flu is spreading quickly in our state and says flu vaccines are the most important tool to protect yourself from illness or death.
As holiday travel and gatherings ramp up, NCDHHS shares the following tips to keep yourself and loved ones safe and healthy:
- Regularly wash your hands with soap and water. Alcohol-based sanitizers can help prevent the spread of some respiratory viruses.
- Avoid touching your eyes, mouth, and nose.
- Clean and disinfect surfaces and objects that are often touched.
- Cover coughs and sneezes with a tissue and throw it away into the trash.
Stay home when sick: Avoid going out if you can and take steps to prevent spreading the flu to others in your home, such as using a separate bathroom, not sharing cups, towels and utensils, and wearing a mask when around other people.
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