Real Estate News

Dec. 9, 2014

Things to Consider before Buying a Second Home on the Outer Banks

Whether you’ve been coming to the Outer Banks for a number of years, or you’re a relatively new convert, you’ve finally been seduced by the allure and peacefulness that emanates from the Outer Banks and have decided to purchase a second home on one of the islands.  Great Idea ...

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Posted in Real Estate News
March 5, 2014

Pea Island Bridge Project Set to Begin

The permanent Pea Island Bridge project is finally set to begin.  The contract for this project was awarded in November 2013 to Parsons Construction Group Inc of Greenville SC with a total cost of $79.7M.  The bridge replaces the temporary bridge put in place after Hurricane Irene ...

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Posted in Real Estate News
March 5, 2014

House Passes Homeowner Flood Insurance Affordability Act

The Homeowner Flood Insurance Affordability Act (HFIAA) passed the House of Representatives last night with a vote of 306 – 91.  This is phenomenal news for both potential and current owners of property located in a coastal flood zone.  The Senate is expected to vote on the bill ...

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Posted in Real Estate News
Dec. 4, 2013

Bonner Bridge Closed

The NC Department of Transportation closed the Herbert C Bonner Bridge yesterday afternoon due to safety concerns after routine scanning of the bridge identified areas where too much sand had eroded from the support structures.  The Bonner Bridge originally opened in 1963 and was said to have a 30-year ...

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Posted in Real Estate News
Nov. 27, 2013

How Rising Interest Rates Affect Your Purchasing Power

Just one year ago, interest rates, which had been at historic lows, began to rise, and only recently leveled out and even dropped a bit.  While the Wall Street Journal claims that higher interest rates are causing only minor slowdowns in market demand, even small interest rate increases will ...

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Nov. 19, 2013

Understanding Flood Zones BEFORE You Buy...

Living in the Outer Banks has many pleasures and benefits, but coastal living also comes with challenges.  If you’ve been shopping for a coastal property, whether for a full time residence or second/investment home, you’ll have heard terms such as flood zones, base flood elevation (BFE) and the ...

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Posted in Real Estate News
Nov. 11, 2013

Outer Banks real estate statistics through September

Real Estate sales in the Outer Banks* remained fairly static in 2013 compared to 2012 for the period of January - September.  This was a bit of a surprise given that interest rates remained at historic lows.

The average price for a residential property through September 2013 was $358,913 ...

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Oct. 5, 2013

How To Choose Between Two Houses You Love

When you’re shopping for a new home, you typically have your fingers crossed that you’ll find that perfect home that meets all or most of the points on your checklist. But what happens if you find two “dream” homes? Choosing between two homes you love can be incredibly challenging, especially ...

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Posted in Real Estate News
Sept. 25, 2013

2013 On Pace for Lowest Foreclosure Total in 6 Years

Calendar year 2013 is on track to end with the fewest foreclosures in a year since 2007. At the monthly average pace of foreclosures through July, the number of completed foreclosures is expected to reach nearly 490,000 by the end of 2013. That’s nearly 27 percent less than the ...

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Posted in Real Estate News
Sept. 12, 2013

Does Real Estate Buying and Selling Have a Season?

People often wonder what the best time of year is for purchasing or selling a home. Many times buyers and sellers alike are in a position to be flexible when it comes to listing or shopping for a property. As is the case with buying or selling anything, if you ...

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Posted in Real Estate News