March Homes Sales and Real Estate Market on the Outer Banks

When looking at the real estate market from March, it may seem like the Outer Banks market isn’t doing well. But you need to look deeper into the numbers and there is shows the market is actually making a comeback. The number of properties which were listed, and now under a sales contract is up […]

Jumbo Loans on the Outer Banks

According to the National Association of Realtors sales of homes in the $750,000.00 – $1,000,000.00 range are UP  38.7% from a year ago and the $1,000,000.00 plus range are UP 25.7%! So why the sudden surge in luxury home purchases? One big player in that game is the reappearance of Jumbo loans. Jumbo loans cover […]

2013 Revaluation Project Results

Recently I posted about the 2013 Revaluation Project for Dare County, well the figures are in and it appears property values declined 29% across the board in housing, business and land, according to Greta Skeen, Dare County Assessor. It looks like most property owners will see a decrease of their property values. HOWEVER, this may […]

Luxury Homes and Jumbo Loans

Would you believe that Jumbo Loans are helping drive the real estate recovery? According to a recent article in the Wall Street Journal, “Home sales using a jumbo mortgage had year-over-year growth of 7.9% through September, compared with 2.7% for nonjumbo sales.” In other words, metro home sales of over $1+ million were 28% higher […]

Is your vacation home covered?

Having a vacation home on the Outer Banks is great! We have such a great place to get away from everything and just have fun. However (you knew there was an “however”), you may want to check with your insurance company about coverage if you leave either property vacant for any period of time. Insurance […]