Record #:

27546

Author(s):

Seessel, Adam

Abstract:

Foreclosures and vacancy rates are on the rise in Wake, Durham, and Orange counties. In the late 1980s, building exceeded demand and the effects are now being felt. The area’s foreclosure rate is double the national average. While the situation is not as bad as it could be, everyone will feel the impact of the crisis.

Source:

Independent Weekly (NoCar Oversize AP 2 .I57 [volumes 13 - 23 on microfilm]), Vol. 7 Issue 18, July 6-12 1989, p8-12

Subject(s):

Research Triangle Metropolitan Area--Economic conditions; Banks and banking--North Carolina