The economic recovery is not just confined to one region of the United States, according to a recent news article. Evidently, a recent report from the U.S. Conference of Mayors noted that almost every city in the country is expected to see economic growth in the New Year! This is great news for everyone because it shows that […]
Category Archives: OBX News
Does This Look Fishy to You?
Outer Banks Angling: It’s About to Get Wicked!
A couple of months ago, rumors that the popular National Geographic (Nat Geo) reality show, “Wicked Tuna,” was coming to the Outer Banks to film began to swirl. Even in this small community, confirming this rumor was a difficult task. There was a Craigslist posting in late November asking for area boat captains and crews […]
Hatteras Realty is Sold to Worldwide Company, Wyndham Vacation Rentals
Hatteras Realty, one of the island’s largest real estate and property management businesses has been sold to Wyndham Vacation Rentals, the world’s largest professionally managed vacation rentals business. The sale was completed on Jan. 1. Wyndham Vacation Rentals is part of Wyndham Exchange & Rentals and the Wyndham Worldwide family of brands, a publicly traded […]
More Gains Expected in 2014 for US Housing Market
Experts emphasized recently what they’ve been saying for weeks: The US housing market will show even better gains in 2014. Evidently, experts believe that it will be a good year for housing, despite the fact that sales are likely to level off slightly. Those interested in buying and selling real estate in the US in […]
National Housing Market Weathering Higher Mortgage Rates
The sales of new U.S. single family homes fell only slightly in November in the wake of higher mortgage rates. Meanwhile, prices on new homes continued to rise, signaling to national housing market experts that the market truly is weathering higher mortgage rates, according to a recent news article. National Housing Market Showing Resilience, Experts […]
A Very Merry Year End National Real Estate Report
Whichever way you look at it, the real estate market is finishing strong as we wrap up 2013! According to a recent Bloomberg report, several market indicators are showing growth and gains, which is great news for home buyers and home sellers alike! Today, we’re going to share with you some of the highlights of […]
US Homes Selling Quicker and Canadian Home Sales Prices Increasing!
As real estate experts, we’re always looking for market indicators to suggest whether the market is favoring sellers or buyers. We look at a variety of factors, including average list price, median sales price and price per square footage. Another indicator we look at is the days that a home spent on the market before […]
U.S. Home Prices On the Rise in Most Cities
Great news for interested home sellers throughout the country: The price for single-family homes has increased in 88 percent of the country’s cities! That’s according to third quarter data recently discussed in a Bloomberg article. Experts are saying that the increase is directly attributed to buyers competing for limited inventories as well as a decrease […]
US Foreclosures Drop to Lowest Levels in 7 Years
Here’s another sign that the tide has turned on the national real estate market: US homes entering the foreclosure process fell to their lowest levels in 7 years during the 3rd quarter of 2013. This is tremendous news for interested home sellers because foreclosures have been pulling down median sales prices all across the country […]