News from the South - North Carolina News Feed

Homebuying trends in the Triangle | N&O Report

Published

2 months ago

May 23, 2025

www.youtube.com – ABC11 – 2025-05-23 10:10:58

SUMMARY: In 2024, baby boomers (ages 61-76) dominated homebuying, accounting for 42% of U.S. sales, surpassing millennials’ 37%. Boomers’ lifetime savings and home equity allow many to make all-cash purchases, buying dream homes, second homes, or downsizing while competing with first-time buyers. Millennials face challenges like saving for deposits and higher mortgage rates, delaying their market entry. This trend impacts the Triangle housing market significantly, bolstered by an influx of retirees aged 65 and older relocating there. The area is rapidly growing as a retiree hotspot, with many boomers purchasing larger homes for extended families. More details are available on the News & Observer website.

News & Observer Reporter Chantal Allam joined Eyewitness News this morning to talk about homebuying trends in the Triangle.

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News from the South - North Carolina News Feed

Trump threatens 35% tariffs on Canada

Published

6 hours ago

July 11, 2025

Staff Editor

www.youtube.com – ABC11 – 2025-07-11 12:41:02

SUMMARY: President Trump has threatened to impose 35% tariffs on many Canadian imports starting August 1, accusing Canada of failing to curb fentanyl flow and imposing trade barriers. Trump warned that if Canada raises its tariffs, the U.S. will increase its rate accordingly. Although Customs and Border Patrol reports only 1% of fentanyl seized in the U.S. comes from Canada, Trump remains critical. Canadian Prime Minister Mark Carney defended Canadian workers and businesses, emphasizing ongoing negotiations before the August 1 deadline. The tariff move follows failed trade deal negotiations, with Trump issuing similar tariffs on Brazil, Cambodia, and copper imports.

President Donald Trump announced the tariffs in a letter on Thursday but said the U.S. would consider adjusting its stance if Canada helps stop the flow of fentanyl between the two countries.

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News from the South - North Carolina News Feed

Mebane residents still under tight water restrictions

Published

9 hours ago

July 11, 2025

Staff Editor

www.youtube.com – WRAL – 2025-07-11 09:06:06

SUMMARY: Mebane residents remain under strict water restrictions after flooding damaged the city’s water treatment plant. Since Wednesday, water use has been limited, with businesses mostly closed, losing revenue and time. On Thursday, officials allowed businesses to reopen with 60% workforce capacity and permitted water use but required a 60% reduction. Water production is slowly returning, yet full restoration and repair timelines remain unclear. Residents rely heavily on bottled water and can only shower with water. Local businesses are adapting, including repurposing downtown as a water distribution center, while the community awaits a resolution.

Water production has slowly started returning. But as WRAL’s Carly Haynes reports, businesses and neighbors are still having to find ways to get by.

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News from the South - North Carolina News Feed

North Carolina’s racial gerrymandering trial ends with dueling expert testimony

Published

14 hours ago

July 11, 2025

Staff Editor

ncnewsline.com – Lynn Bonner – 2025-07-11 04:30:00

SUMMARY: A federal trial in Winston-Salem reviewed claims that North Carolina’s 2023 election district maps dilute Black voting power, violating federal law. Civil rights groups and voters argued Republican legislators racially gerrymandered districts to reduce Black voters’ influence, especially in the Piedmont Triad, Mecklenburg County, and eastern NC’s 1st Congressional District. Lawyers cited a drop in districts where Black voters could elect preferred candidates, despite population growth. Republicans contended districts were drawn for partisan advantage, not race. Expert witnesses debated whether race or partisanship drove redistricting. The three-judge panel, appointed by Republican presidents, will rule by early August.

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