regional planning
Last week, Chapel Hill’s economic development officer, Dwight Bassett, presented some data on Chapel Hill’s housing market to a reasonably-sized crowd at Town Hall. Bassett’s presentation followed a brief talk from Robert Hickey of the National Housing Conference about what’s happening in housing trends around the country.
Like many of the other audience members, it was Bassett’s data that struck me the most. (During the Q&A following the presentations, all but one question was directed at Bassett rather than Hickey). The one number that really stood out: 3117%. That is, since 1990, the number of houses in Chapel Hill valued at over $500,000 has increased by 3117%.
Compare this to more affordable price ranges: For houses valued between $100,000-$149,000, the number of houses has increased by only 32%. For houses valued between $150,000-$199,999, there has only been a 107% increase in the number of houses.
OWASA, Durham, & Chatham County have agreed to jointly explore the possibility of installing a water intake on the west shore of Jordan Lake where OWASA owns property. Our local Orange County governments have some misgivings about the project and these were discussed at the Orange County Assembly of Governments meeting last night, which was also attended by Durham Mayor Bill Bell and Chatham County Commission Chair George Lucier. The following is a statement that I prepared for presentation at that meeting. (I actually ended up talking off the cuff to avoid repeating points that others had previously made.)
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