Asheville, Hickory & Wilmington: Overvalued cities?

A new study that lists the most overvalued and undervalued places to live in America places Asheville, Hickory and Wilmington in the "bad" column.

"A CNN website rating 330 cities across the country shows Wilmington is a bad deal for real estate, ranked 15th on the list," says WECT.

[Click here to see America's most overvalued cities]

While the study may or may not be accurate, experts agree that when you look into the details of how the research was compiled, you can see why Wilmington is near the top of the list.

Economist Dr. William Hall says bad loans are to blame, but also believes things are improving.

"Things are not declining as much as they have in the past," said Hall. "In fact, sales have may in fact stabilize, or beginning to increase. I'm not so sure prices have reached their low point but they are close to it."

The good news -- from the state's standpoint -- is a number of N.C. cities are on the undervalued list. Among those are Burlington, Charlotte, Durham, Fayetteville, Greensboro, Greenville, Raleigh, Rocky Mount and Winston-Salem.

Quick hits: Burlington focuses on mass transit & journal focuses on state's humor

Burlington eyes public transit
"In Alamance County, the need for public transportation is growing along with the population – especially in Burlington, which is the largest city in North Carolina without a public transit system," said News 14 Carolina.

"Buses are filling up across the state as working class citizens opt to leave their cars at home. The best Burlington has to offer is 28 passenger vans. 'We do about 275 trips a day currently, and that demand continues to go up,' explained Dennis Williams, executive director of the Alamance County Transportation Authority. ..."

Annual journal puts focus on state's humor writers
"The 2008 North Carolina Literary Review showcases work by some of the state's best writers on the topic of humor," said the Greenville Daily Reflector.

"It may make you laugh out loud, or tear up in that 'laughed-so-hard-I-cried' kind of way.
Margaret D. Bauer, NCLR editor and Rives Chair of Southern literature at East Carolina University, admitted to having both of those reactions while she reviewed material for this year's edition.

"And she hopes readers — and listeners to special, supplemental CDs — will share the experience.

" 'Humor is a popular topic, and we thank these literary critics and the creative writers who responded to our call for contributions, and we know you'll enjoy reading the issue's content as much as you do listening to the CDs,' Bauer said. ..."