A busy summer is flying by. It’s odd because as active as it has been, no one could have predicted the current outcome in the real estate world back in March when the COVID-19 talk began. Real estate on the Outer Banks is booming! Several buyer mindsets are prevalent. There are those who have made […]
The future of housing prices is a hot button issue even with those who are not thinking of buying or selling just now. Last week when the June statistical report was released from the Outer Banks Association of REALTORS® it showed the residential median sales price up 2% versus June of last year. That number […]
The Outer Banks Association of Realtors released the June statistical report on July 8th. Considering we are still dealing with a global pandemic, the real estate news is not bad. Yearly sales in all classes remain down 5%, but monthly sales for June are up 6% over last year. For those in the business of […]
Across the country and on the Outer Banks real estate sales are strong. There are several reasons this sector is leading the way for our economic recovery. According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge […]
The Outer Banks Association of Realtors released the May statistical report on June 8th. Monthly sales in all classes were down 30% when compared to May of last year, and yearly sales are down 5% The number under contract, all classes in the report is the highest since OBAR started tracking the data, 549 on […]
As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. That is the number one real estate issue I am being asked about. Looking at the big picture, supply and demand will give us the […]
With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. It is showing in our MLS on the OBX […]
We are past Memorial Day and into the Summer Season. We know it is going to be busier with visitors coming in. The real estate world is going to be busy too. It already is. The Outer Banks Association Of Realtors released its April statistical report on May 8, which I covered a couple of […]
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 […]