By mooseobx in with 0 Comments
The Outer Banks Association Of Realtors released its April statistical report on May 8. Like every other business sector, the effects of COVID-19 are evident. But is the news all bad? From OBAR’s report “As expected, total month to month sales are down 23% April; however, when comparing 2019 to 2020, sales are up 4% […]
The date for visitors to return to that place we all love, the OBX, has been set; it is May 16. From Dare County: Dare County, in coordination with Hyde and Currituck Counties, will lift restrictions on entry for visitors beginning Saturday, May 16 at 12:01 a.m. This is when checkpoints will no longer be […]
I realize our widespread Covid-19 slowdown has resulted in many deciding to put their real estate plans on hold. They just want to see what happens as we start the business world back up. I fully understand. However, there are those who just can’t wait. If you are in that group the news is not […]
By mooseobx in with 0 Comments
It is April 28th, the day after my wife’s birthday. Mine is exactly two weeks after hers. As our FaceBook memories pop up around those days most of them are in Ocracoke. We are frequent visitors to the island and, over the years, have made friends there both through business trips and pleasure trips. It […]
April 27th UPDATE! Dare County officials say they were caught off guard when Currituck officials last week announced they would allow visitors to return to the northern beaches of Corolla and Carova as soon as May 15. Now that date is off the table. See below. It is April 22nd, and we have a plan […]
It is April 22nd, and we have a plan from Dare County. I am happy I don’t have to make these decisions! On this issue, it is tough to balance the needs and desires of all of us who have an interest in The Outer Banks. There is no past history to draw upon for […]
It is mid-April 2020. With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question. Many of us experienced financial hardships, lost homes, and were out of […]
It is April 15th, 2020, and some business still has to happen. Every day that passes, people have a need to buy and sell homes. That doesn’t stop during the current pandemic. If you’ve had a major life change recently, whether, with your job or your family situation, you may be in a position where […]
By mooseobx in with 0 Comments
Monday, April 13, 2020. With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession if it’s not in one already. What does that mean to the residential real estate market? What is a recession? According to the National Bureau of Economic Research: “A […]
Today is April 8, 2020. Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis. James Bullard, President of the Federal Reserve Bank of […]
