2022 Real Estate Market Recap and 2023 Outlook: Key Trends and Forecasts
Posted on March 17, 2023 in Selling Tips.
As 2022 began, it appeared to be following a similar trajectory to 2021. The MLS report from the Outer Banks Association of Realtors revealed record-breaking sales in December 2021, along with the lowest inventory levels ever recorded. Meanwhile, in January 2022, the average 30-year fixed mortgage rate was 3.22%, a slight increase ...read more
3 Surprising Reasons Why Investing in Real Estate Is a Smart Move During a Recession
Posted on January 6, 2023 in Buying Tips.
Economic instability seems to be the only thing that is permanent in the market which can instill fear among real estate investors around the globe. However, the fluctuating economic climate and the figures that are the main focus do not necessarily have to be a cause for concern when it comes to real estate investing. In fact, man ...read more
2018 in Review and A Look Ahead
Posted on February 11, 2019 in Selling Tips.
As we say good bye to 2018 and enter into the second month of 2019, we can reflect on some of the highlights in the real estate market last year. 2018 was a good year; however, there are a few trends that we should keep our eye on. Total Sales for December were flat (less than a 1% change from December 2017) and are down 6% f ...read more
Consistent Growth Shows Spring and Fall Opportunities
Posted on August 14, 2018 in Buying Tips.
The Outer Banks has proven itself to be a resilient and powerful tourist destination. From Carova on the Virginia border to Ocracoke, the area has become an economic engine that drives the economy of northeastern North Carolina. There are a number of factors that have created the success, so many that it is not possible to di ...read more
Outer Banks Nonprofits: A Caring Community
Posted on July 9, 2018 in Around the Outer Banks.
Every community has certain characteristics that distinguishes it—that identifies it as unique from other places. Certainly the Outer Banks has features that people who live here would say mark it as a different community. This is a tourist driven economy. Living here, it is something that is accepted. In the offseason the pace of ...read more
Outer Banks Transportation System: Hope for the Road Weary
Posted on July 2, 2018 in News.
Once upon a time, when the number of visitors coming to the Outer Banks was perhaps half of what it is today, the highways and roads of the area were adequate to meet transportation needs. That is no longer the case. Visitors and locals are still able to move around fairly well, but there is no doubt that traffic has been steadily ...read more
Real Estate Agents are Critical for Successful Transactions
Posted on May 29, 2018 in Selling Tips.
This topic never gets old for Realtors. Watching buyers and sellers trying to buy or sell without hiring a professional real estate broker can be a painful. Our value is often questioned. The reality is, much of what we do as real estate agents is behind and scenes and elusive to the naked eye. The facts are hard to ignore. & ...read more
Soundside Erosion: Waves, Wind and Protection
Posted on April 30, 2018 in Buying Tips.
The Atlantic Ocean gets all of the attention when it comes to beach erosion and the loss of shoreline, but as many soundside property owners have discovered the western side of the Outer Banks can be ever bit as dynamic as the ocean side. In many ways the loss of shoreline on the sound is more complex—and certainly more subtl ...read more
Getting to Know The Outer Banks: Bike Paths
Posted on April 23, 2018 in Buying Tips.
Three easy rides and a challenge. Mostly flat, but with some gentle hills, the Outer Banks is a bike rider’s paradise, and local towns and counties have put considerable effort into creating a network of interconnecting multi-use bike paths. The multi-use paths are so extensive that it is possible to ride from Bodie Island Lighthou ...read more
Outer Banks Market Trends
Posted on April 12, 2018 in Selling Tips.
We’re starting to get our first glimpse of the 2018 Outer Banks economic picture and the image that is emerging is of a growing and healthy economy. Tourism continues to increase, the real estate market is strong and the indications are that new construction continues to expand. It’s important to remember that this is based on stat ...read more
