According to Fannie Mae and the National Association of Realtors (NAR), second or vacation homes – those that are neither investment nor primary residences – represented 13 percent of all purchase transactions in 2013 – an increase of 29.7 percent over 2012. This is the highest market share for second homes since 2006, although still […]
Report: U.S. Home Sales Increase for the First time in 2014
Real estate experts all across the country were thrilled to hear the latest numbers on the national housing market recently. That’s because sales of existing U.S. homes showed a slight increase between March and April, reversing a 12-month trend in which home purchases had been dropping. This wasn’t the only good news that the National […]
They’re Here! Cobia Fishing on Cape Hatteras, NC
US Home Prices Rose 11 Percent from Last Year, Report Shows
Frankly, it’s hard not to feel encouraged and optimistic about the real estate market these days. Everywhere you look, positive real estate trends are popping up, further emphasizing that the worst days of the economic recession are in the rear view mirror now. And here’s another recent nugget of good news: Home prices all across […]
Cape Hatteras Oceanfront Luxury Home Market Update
Recent headlines that have crossed my desk lately include, “Luxury Returns to Housing,” “In Housing, Big is Back,” “Realtor®.com Survey: 13% of Consumers are Ready to Buy a Luxury Home.” If you have followed the Hatteras Island real estate market closely over the years, you’ve probably noticed that we tend to lag behind the national […]
Optimism About US Real Estate At Highest Level in 7 Years, Polls Show
The numbers don’t lie: Americans are growing increasingly confident about the overall health of the national real estate market, according to a recent report. Evidently, a recent Gallup poll showed that 56 percent of Americans expect average home prices in their area to increase, which is up 33 percent from just two years ago. And […]
Report: US Housing Market Needs More Available Homes for Sale
The national housing market is dealing with an issue of supply and demand right now and it’s impacting both buyers and sellers. Specifically, the national housing market has too few people selling their homes compared with the number of people who want to buy homes, according to a recent report from Standard & Poor’s/Case Shiller. […]
What Is Going On This Spring On Hatteras Island
Expect to See an Exceptionally Busy Spring Home Buying Season in 2014
If you’re currently trying to sell your home on the local housing market, great news: it’s about to get very, very busy for you. That’s because national real estate experts are projecting that this spring will see even more home buying activity than is already expected for this time of year. Why? Because of pent-up […]
Good News About Flood Insurance Reform
As you may have heard FEMA has been going through many flood insurance changes recently. We’d like to update you on what has been going on and the good news that has come about in the past week regarding these changes. Up until this past week, the Biggert-Waters Flood Insurance Reform Act of 2012 was […]