Real Estate News

April 9, 2012

March 2012 Outer Banks Real Estate Report

This market report covers the areas from Corolla to Hatteras Island and is for the period January 2012 - March 2012.

 

Like the national market, the outer banks real estate market continues to improve. Through March 31st, 380 properties were sold, including 10 commerical properties and 79 …

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March 12, 2012

March 10, 2012 Outer Banks Real Estate Report

Market growth continues to be slow and steady, but the good news is that there is growth, and year over year sold properties is up nearly 12%! There were plenty of new listings the last two weeks, which we believe shows consumer confidence that there property might actually sell! 60 …

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Feb. 22, 2012

Why Second Homes don't always make great Primary Residences

So you're thinking a few years down the line. You're ready to pack it in and move to the Outer Banks. Congrats! Your plan is to buy a home now, while property values are attractive and rent it out for a few years, or simply use it strictly for family …

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Feb. 22, 2012

Buying in Spring is a great opportunity for OBX Real Estate Investors

You've been hearing it for months. Buy Now! The Time is Right! Properties are priced to sell and rates are at an all time low. But if you are buying seasonal rental property, it gets even better! The reason is this: you will get all this years rental income with …

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Feb. 21, 2012

Year end home owner tax tips

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Feb. 21, 2012

February 21, 2012 OBX Real Estate Market Report

Everyone is looking for a sign that the real estate market is beginning to pick up. We posted a blog late last week talking about Housing Starts and the Housing Market Index---both of which show the market is beginning to improve. But sometimes you need cold, hard facts that show …

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Feb. 20, 2012

National Debt explained

Now and again you come across something to good not to post, although it isn't necessarily relevant to the Outer Banks or even real estate. That aside, I couldn't resist the opportunity to post this....

Posted in Real Estate News
Feb. 16, 2012

Finally, the housing market shows signs of recovery

For the past 5 years, we have braced ourselves for more depressing news about the housing industry. But the news is finally starting to change for the good. There are several things that lend credibility to that statement. 

*foreclosure actiity is down 10% compared to just a year ago, …

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Jan. 31, 2012

If Warren Buffett thinks now is the time to buy

My business partner recently pointed out an absurd article in the Omaha World Herald about Warren Buffett's long-time secretary, Debbie Bosanek, who allegedly bought a second home in Arizona for $144k. Now before I go down the wrong path, the one valuable thing I took away from the article is …

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