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Old 04-08-2013, 07:34 AM
 
Location: WV and Eastport, ME
10,251 posts, read 10,366,849 times
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Quote:
Originally Posted by CTMountaineer View Post
I'm sure Parkersburg has such a community too, as does Charleston. Wheeling's old money group is descended from the original industrial barons of the area... steel, coal, and tobacco. One family in Wheeling is affluent to the extent that they own a professional baseball team, 40 newspapers, controlling interest in Charleston's United Bank, a resort in Pennsylvania, and other holdings. It was old money that established the incredible 1,700 acre manicured Oglebay municipal park in Wheeling. There is plenty of money even in towns that aren't doing well economically. It just doesn't get to the ordinary person a lot of the time.
Charleston's "old money" is in the city, not out in a suburb. The "street people" (so called because they have streets names after them) live in the Old homes in the East End Historic District and on the West Side in the Edgewood area. Their children and grandchildren probably bought homes in South Hills.
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Old 04-08-2013, 08:57 AM
 
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Interesting. Indeed, student rentals are strong here, but there has been major job growth too so my hunch is the article is speaking in relative terms rather than absolutes. The fact that student rentals are a major factor does not necessarily mean they are totally driving our construction activity. On the other hand, in one way that is happening because The University is aggressively attacking the student slum area (to the chagrin of the old guard local landlord contingent) by buying up property and entering into partnerships with private developers to build student housing/retail facilities on a large scale.

I agree with you that Huntington has made significant strides in combating the largely drug related crime issues it has faced in the past. I also noticed that, like Morgantown, they are making progress in the removal of blighted properties. I was impressed by the fact that they were able to get the National Guard to essentially do the work and pay for the removal saving Huntington major sums of money in the process.
We have a place or two here that could benefit form such a project as well.

I do question the Marshall growth factor you mentioned. I haven't seen this year's statistics yet, but my understanding is that enrollment at Marshall is lower this year than it was last year. Is that true? I know that Dr. Kopp added some new programs, but from what I've heard they were accompanied by declines in enrollment in other areas. There are limits on how much one might rob Peter to pay Paul. Perhaps growth in telemarketing and manufacturing are a cause for a reversal of fortunes rather than Marshall per se?

I've always felt that Huntington had potential for growth, but I believe it is related to transportation and the movement of products and raw materials. In any case, what growth as takes place will only serve
to continue helping to improve the city's improving housing market, and that's good news for Huntington and our state as well.
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Old 04-08-2013, 09:17 AM
 
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I do agree that Huntington has potential for growth again in regards to transportation. The Port of Huntington-TriState is the largest inland port and Huntington and the State should do more to capitalize on this resource.

The Prichard Intermodal Facility, just southwest of Huntington, part of the Heartland Corridor, is still on schedule for a 2014 completion date.

The healthcare industry continues to grow in the Huntington/Tri-State area too. Both major hospitals, Cabell Huntington and St. Mary's have both expanded in the last few years and I believe Cabell Huntington is in the middle of another expansion now. Also, biotechnology continues to grow in Huntington and I believe that is one of the biggest, if not the biggest, area of growth potential for the Huntington/Tri-State area.

As for improvements to the Huntington housing market, I believe there needs to be some serious discussions for a plan to replace some of the housing stock in the city. I believe there are to many old homes and not enough new or even new planned areas to attract more buyers. Not everyone wants to live in a 100 year old home in Huntington.
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Old 04-08-2013, 09:30 AM
 
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Quote:
Originally Posted by aeros71 View Post
I do agree that Huntington has potential for growth again in regards to transportation. The Port of Huntington-TriState is the largest inland port and Huntington and the State should do more to capitalize on this resource.

The Prichard Intermodal Facility, just southwest of Huntington, part of the Heartland Corridor, is still on schedule for a 2014 completion date.

The healthcare industry continues to grow in the Huntington/Tri-State area too. Both major hospitals, Cabell Huntington and St. Mary's have both expanded in the last few years and I believe Cabell Huntington is in the middle of another expansion now. Also, biotechnology continues to grow in Huntington and I believe that is one of the biggest, if not the biggest, area of growth potential for the Huntington/Tri-State area.

As for improvements to the Huntington housing market, I believe there needs to be some serious discussions for a plan to replace some of the housing stock in the city. I believe there are to many old homes and not enough new or even new planned areas to attract more buyers. Not everyone wants to live in a 100 year old home in Huntington.
Huntington is almost uniquely situated in terms of transportation potential. They have outstanding rail and river access, good access to the Interstate highway system, and the potential to synthasize all of those factors in a way to maximize efficiency. In that region, there is no other city similarly situated. Being on the Ohio River, they can handle large capacity barges too. In our region Pittsburgh easily fulfills that function, but down there it would be Huntington.

With our aging population in West Virginia, I think healthcare will be a significant factor pusing growth in all of our cities including Huntington. In fact, since there are few facilities south of Huntington for a long distance, that might be a real driving force too. Generally when a town has a strong healthcare component, it promotes a stronger housing market in the areas near the healthcare facilities as physicians and other professionals seek to be close to their employment.
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Old 04-08-2013, 10:38 AM
 
Location: WV/Va/Ky/Tn
705 posts, read 876,568 times
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Quote:
Originally Posted by aeros71 View Post
I do agree that Huntington has potential for growth again in regards to transportation. The Port of Huntington-TriState is the largest inland port and Huntington and the State should do more to capitalize on this resource.

The Prichard Intermodal Facility, just southwest of Huntington, part of the Heartland Corridor, is still on schedule for a 2014 completion date.

The healthcare industry continues to grow in the Huntington/Tri-State area too. Both major hospitals, Cabell Huntington and St. Mary's have both expanded in the last few years and I believe Cabell Huntington is in the middle of another expansion now. Also, biotechnology continues to grow in Huntington and I believe that is one of the biggest, if not the biggest, area of growth potential for the Huntington/Tri-State area.

As for improvements to the Huntington housing market, I believe there needs to be some serious discussions for a plan to replace some of the housing stock in the city. I believe there are to many old homes and not enough new or even new planned areas to attract more buyers. Not everyone wants to live in a 100 year old home in Huntington.
Norfolk Southern hired subcontractors to blast/raise the ceiling on the numerous railroad tunnels between Iaeger and Bluefield several years ago so they could run double stacked traincars to the Prichard Intermodal Facility. They actually hired some locals and several left with the contractors when the job was finished. Once the Tolsia/King Coal Highway is completed, this will improve Huntington's location as a transportation hub.
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Old 04-08-2013, 02:56 PM
 
941 posts, read 1,048,862 times
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Quote:
Originally Posted by SueHerd View Post
It's interesting that you mention that. I read a lot of West Virginia history stuff, and lately I've been reading about history in the Wheeling area and they had a Quarrier (sp?) family there in the early 1800s. I know there's a street in Charleston with that name, and I'm thinking that family might have moved there from Wheeling more than a century ago. Of course, every family had to move there from some place so that isn't so surprising. Anyway, I wonder what is bringing about the resurgence in housing.

Also, you're mentioning that Charleston has an Edgewood area. So does Wheeling. I'm thinking there is a lot more of an early connection between those two cities than people realize.
Well the capital was moved back-and-forth between Wheeling and Charleston during the mid- to late-1800s. There is certainly a connection
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Old 04-08-2013, 09:40 PM
 
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Yeah, I think some of the families moved back and forth with it. Anyway, low interest rates are improving housing markets in Huntington, Charleston, and other cities. I say it's about time. The bankers and politicians have screwed up The American Dream too long.
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Old 05-08-2013, 06:54 PM
 
Location: Huntington, WV
4,141 posts, read 6,842,853 times
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Huntington and Charleston remain on the list for May:

NAHB/First American Improving Markets Index (IMI)

http://www.nahb.org/fileUpload_detai...ntentID=166615
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Old 05-09-2013, 05:59 AM
 
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Slow and steady.
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Old 06-04-2013, 07:43 PM
 
Location: Huntington, WV
4,141 posts, read 6,842,853 times
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Quote:
In Huntington-Ashland, home prices, including distressed sales, increased by 7.0 percent in April 2013 compared to April 2012. On a month-over-month basis, home prices, including distressed sales, increased by 0.4 percent in April 2013 compared to March 2013.
CoreLogic: Home Prices Rise by 12.1 Percent Year Over Year in April -- Biggest Year Over Year Increase Since 2006; Home Prices in Huntington-Ashland Increase 7 percent Year Over Year | Huntington News
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