Another issue in New Hanover County is foreclosures. There have been 3,000 in the county in the last eight months.
[...]Kelley also say that decreases in property value have hit Carolina and Kure Beach the hardest. Property here has dipped in value 40-50 percent since last valuations in 2007.
"If I were to have to sell, then I don't know what would happen," Carolina Beach resident Teressa Sandeford said. "I definitely would lose and probably have to sell and still owe money, that's messed up."