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30 03, 2018

Act Now! Home prices are on the Rise

Categories: Corolla Real Estate, Devonshire Place at Bermuda Bay, FLOBX, Florida Outer Banks Development, income properties corolla, income properties outer banks, investment properties outer banks, Kill Devil Hills New Homes for sale, new construction corolla, new construction corolla nc, New Homes for Sales Corolla, OBX new homes for sale, Outer Banks, Outer Banks Investment Properties, Outer Banks New Homes for Sale, Outer Banks Real Estate Sales, rental homes corolla nc, Single Floor Homes for sale Outer Banks|0 Comments

Home prices in the U.S. started 2018 on the rise, outpacing the rate of economic growth.

Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index reported a 6.2% annual gain in January, down slightly from 6.3% in December. The 20-city composite rose 6.4% from a year ago, and after seasonal adjustment it posted a 0.8% month-over-month increase, beating analysts estimates of 0.6%. Low inventory of homes for sale continued to drive prices.

“Since the market bottom in December 2012, the S&P Corelogic Case-Shiller National Home Price index has climbed at a 4.7% real – inflation adjusted – annual rate,” said David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones in a press statement. “That is twice the rate of economic growth as measured by the GDP. While price gains vary from city to city, there are few, if any, really weak spots.”

Seattle, yet again, led the 20-city index, up 12.9% in January from a year ago. Las Vegas and San Francisco followed, up 11.1% and 10.2%, respectively.

Blitzer noted that it will take 3.4 months to absorb homes for sale, far below the average since 2000 of six months and the high in July 2010 of 11.9 months. He also contributed price increases to low vacancy rates among owner-occupied housing.

“Currently, the homeowner vacancy rate is 1.6% compared to an average of 2.1% since 2000; it peaked in 2010 at 2.7%,” he said.

By Amanda Fung

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15 02, 2018

Act now before interest rates continue to go up!

Categories: Corolla Real Estate, Devonshire Place at Bermuda Bay, FLOBX, Florida Outer Banks Development, Homes for sale Corolla, homes for sale outer banks, income properties corolla, income properties outer banks, investment properties outer banks, Kill Devil Hills New Homes for sale, new construction corolla, new construction corolla nc, New Homes for Sales Corolla, OBX new homes for sale, Outer Banks, Outer Banks Investment Properties, Outer Banks New Homes for Sale, Outer Banks Real Estate Sales, rental homes corolla nc, Single Floor Homes for sale Outer Banks|Comments Off on Act now before interest rates continue to go up!

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Act now! Mortgage rates rise to nearly four-year high on inflation concerns

Freddie Mac says benchmark rate is highest since April 2014


Mortgage rates have climbed to the highest level in close to four years, according to data released Thursday.

The 30-year fixed-rate mortgage averaged 4.38% in the week ending Feb. 15, up from 4.32%, mortgage buyer Freddie Mac said.

A year ago, the benchmark mortgage averaged 4.15%.

The 15-year fixed-rate mortgage averaged 3.84%, up from 3.77%, and the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.63%, up from 3.57%.

The backup in rates has occurred on concerns about rising inflation pressure, with the latest increase coming after a stronger-than-forecast gain in consumer prices.

“Inflation measures were broad-based, cementing expectations that the Federal Reserve will go forward with monetary tightening later this year,” said Len Kiefer, deputy chief economist.

Fellow mortgage buyer Fannie Mae said it’s upped its 30-year fixed rate mortgage forecast for the fourth quarter by 30 points to 4.4%.

“However, we don’t expect rates to play much of a role in total home sales, especially with anticipated stronger disposable household income growth. The ongoing inventory shortages should continue to constrain sales despite otherwise ripe home buying conditions,” said Doug Duncan, Fannie’s chief economist, in a statement.

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30 01, 2018

Don’t Wait Any Longer to Buy Your Outer Banks Home!

Categories: Corolla Real Estate, Devonshire Place at Bermuda Bay, Florida Outer Banks Development, Homes for sale Corolla, homes for sale outer banks, investment properties outer banks, Kill Devil Hills New Homes for sale, new construction corolla, new construction corolla nc, New Homes for Sales Corolla, OBX new homes for sale, Outer Banks, Outer Banks Investment Properties, Outer Banks New Homes for Sale, Outer Banks Real Estate Sales, rental homes corolla nc, Single Floor Homes for sale Outer Banks|Comments Off on Don’t Wait Any Longer to Buy Your Outer Banks Home!

Don’t wait any longer! Interest rates are about to make buying a home a whole lot more expensive when they are raised this Spring.

A huge sell-off in the bond market is about to make buying a home more expensive. Mortgage rates, which loosely follow the yield on the 10-year Treasury, have been rising for the past few weeks, but are seeing their biggest move higher Monday.

“Bottom line, rate sheets are going to be ugly this morning,” wrote Matthew Graham, chief operating officer of Mortgage News Daily. “Some lenders will be at 4.5 percent on their best-case-scenario 30-year fixed quotes.”

That is the highest rate since 2014.

Mortgage rates jump to highest in 4 years, an ominous sign for spring housing

  • Mortgage rates are surging due to the jump in U.S. bond yields.
  • “Some lenders will be at 4.5 percent,” says Matthew Graham of Mortgage News Daily.
  • Higher mortgage rates, combined with higher home prices, will make this spring housing market even more challenging.

Read entire article…
 

29 01, 2018

Review of the Outer Banks Real Estate Market

Categories: Corolla Real Estate, Devonshire Place at Bermuda Bay, FLOBX, Florida Outer Banks Development, Homes for sale Corolla, homes for sale outer banks, income properties corolla, income properties outer banks, investment properties outer banks, new construction corolla, new construction corolla nc, New Homes for Sales Corolla, OBX new homes for sale, Outer Banks Investment Properties, Outer Banks New Homes for Sale, Outer Banks Real Estate Sales, rental homes corolla nc, Single Floor Homes for sale Outer Banks|Tags: |Comments Off on Review of the Outer Banks Real Estate Market

Both residential and land sales were up double digits in units compared to 2016.
However, inventory continues to decline.

  • Sales increased 9% in units and 14% in sales volume
  • The average sales price of $396,650 represents a 5% increase over last year
  • The median sales price is now $320,000 (+7%)
  • The Average Days on Market for all residential properties sold in 2017 (1,878) was 149 compared to 205 last year. Homes are selling faster!
  • The Average Days on Market for residential properties listed and sold in 2017 (1,142) was an astonishing 56!

*As reported by the Outer Banks Association of Realtors for the period of 1/1/17 – 12/31/17 as of 1/8/18.

Outer Banks Real Estate

19 01, 2018

SnOBX 2018: Pictures of Outer Banks blanketed in heavy snow

Categories: Corolla Real Estate, Devonshire Place at Bermuda Bay, FLOBX, Florida Outer Banks Development, Homes for sale Corolla, homes for sale outer banks, income properties corolla, income properties outer banks, investment properties outer banks, Kill Devil Hills New Homes for sale, NC, new construction corolla, new construction corolla nc, New Homes for Sales Corolla, OBX new homes for sale, Outer Banks, Outer Banks Investment Properties, Outer Banks New Homes for Sale, Outer Banks Real Estate Sales, rental homes corolla nc, Single Floor Homes for sale Outer Banks|Comments Off on SnOBX 2018: Pictures of Outer Banks blanketed in heavy snow


OUTER BANKS, N.C. – For the second time this year, the beloved sand and surf destination of Richmonders was transformed into a snow globe. Numerous areas in the Outer Banks reported that between three and almost 10 inches of snow fell overnight.

The Outer Banks will benefit from the same sunny warmup that will melt Richmond snow Thursday – before another round of sub-freezing temperatures overnight. But with temperatures remaining below freezing Thursday morning, schools were canceled and many businesses along the empty U.S. 158 corridor were closed.

Read full article below:
http://wtvr.com/2018/01/18/snobx-2018-pictures-of-outer-banks-blanketed-in-heavy-snow/

19 01, 2018

Young seals are sunning, resting on Outer Banks beaches for the winter

Categories: Corolla Real Estate, Devonshire Place at Bermuda Bay, FLOBX, Florida Outer Banks Development, Homes for sale Corolla, homes for sale outer banks, income properties corolla, income properties outer banks, investment properties outer banks, Kill Devil Hills New Homes for sale, NC, new construction corolla, new construction corolla nc, New Homes for Sales Corolla, OBX new homes for sale, Outer Banks, Outer Banks Investment Properties, Outer Banks New Homes for Sale, Outer Banks Real Estate Sales, rental homes corolla nc, Single Floor Homes for sale Outer Banks|Comments Off on Young seals are sunning, resting on Outer Banks beaches for the winter

investment properties outer banksBy Jeff Hampton
The Virginian-Pilot

COROLLA, N.C.

Cute, fluffy seals are sunning themselves and resting in the cold, wintry winds along the Outer Banks.

They have earned the nickname of Christmas seals because they annually appear during the holidays.

“The seals are hot and heavy right now,” said Karen Clark, director of the Outer Banks Center for Wildlife Education in Corolla. “I’m getting three or four calls a day.”

Young seals migrate south during the winter in search of food, she said. Juveniles are lower in the hierarchy and have a hard time competing for food with the adults, so they venture from their homes in Canada and New England as far south as Hatteras looking for easier meals, Clark said.

Read the full article here…

11 12, 2017

Investors Told to Brace for Steepest Rate Hikes Since 2006

Categories: Corolla Real Estate, Devonshire Place at Bermuda Bay, FLOBX, Homes for sale Corolla, income properties corolla, income properties outer banks, investment properties outer banks, Kill Devil Hills New Homes for sale, new construction corolla, new construction corolla nc, New Homes for Sales Corolla, Outer Banks, Outer Banks Investment Properties, Outer Banks Real Estate Sales, rental homes corolla nc, Single Floor Homes for sale Outer Banks|Comments Off on Investors Told to Brace for Steepest Rate Hikes Since 2006

kdh new homes for saleWall Street economists are telling investors to brace for the biggest tightening of monetary policy in more than a decade.

With the world economy heading into its strongest period since 2011, Citigroup Inc. and JPMorgan Chase & Co. predict average interest rates across advanced economies will climb to at least 1 percent next year in what would be the largest increase since 2006.

As for the quantitative easing that marks its 10th anniversary in the U.S. next year, Bloomberg Economics predicts net asset purchases by the main central banks will fall to a monthly $18 billion at the end of 2018, from $126 billion in September, and turn negative during the first half of 2019.

That reflects an increasingly synchronized global expansion finally strong enough to spur inflation, albeit modestly. The test for policy makers, including incoming Federal Reserve Chair Jerome Powell, will be whether they can continue pulling back without derailing demand or rocking asset markets.
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17 10, 2017

Mystery object washes up on Outer Banks

Categories: Corolla Real Estate, Devonshire Place at Bermuda Bay, FLOBX, Florida Outer Banks Development, Homes for sale Corolla, homes for sale outer banks, HPSLDR, income properties corolla, income properties outer banks, investment properties outer banks, Kill Devil Hills New Homes for sale, NC, new construction corolla, new construction corolla nc, New Homes for Sales Corolla, OBX new homes for sale, Outer Banks, Outer Banks Investment Properties, Outer Banks New Homes for Sale, Outer Banks Real Estate Sales, rental homes corolla nc, Single Floor Homes for sale Outer Banks|Comments Off on Mystery object washes up on Outer Banks

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HATTERAS, N.C. – The latest object to wash ashore on the Outer Banks is still a mystery. The white metal object about 15 feet long and nine feet wide washed up on a Hatteras beach on Sunday.

Deputy Chief Ranger Mike Henry of the Outer Banks National Parks Service told WTVD he believes it is part of an aircraft.

CLICK HERE to read and see more from ABC affiliate WTVD

“It looks like aircraft grade metal.” Henry said. But he has not ruled out the possibility of it being a casing to a rocket that may have been launched recently. Henry says the object has been sent to Langley Air Force Base for identification.

Local photographer Erin Everlee took numerous pictures of the object and posted them on Facebook. “I don’t think it was in the water for a long time, it was in good condition.” she said.

(Erin Everlee photo via WTVD)

Read full story on WCTI12

 

13 09, 2017

Kill Devil Hills, NC Ranks 9th as Best Surf Towns In America!

Categories: Corolla Real Estate, Devonshire Place at Bermuda Bay, FLOBX, Florida Outer Banks Development, Homes for sale Corolla, homes for sale outer banks, income properties corolla, income properties outer banks, investment properties outer banks, NC, new construction corolla, new construction corolla nc, New Homes for Sales Corolla, OBX new homes for sale, Outer Banks, Outer Banks Investment Properties, Outer Banks Real Estate Sales, rental homes corolla nc, Single Floor Homes for sale Outer Banks|Comments Off on Kill Devil Hills, NC Ranks 9th as Best Surf Towns In America!

No. 9: Kill Devil Hills, NC

The thin strip of land far off the coast of North Carolina known as the Outer Banks can feel very, very removed. That’s precisely because it is. Rustic beachhouses are perched on stilts with hightides nearly at their doorsteps. Sea oats dance on the coastal dunes. Each year, hurricanes come close enough to send the residents running. Despite its sinister name, few American surf towns boast the peace of mind on offer in the Outer Banks town of Kill Devil Hills. That peace of mind, of course, is access to some of the best tubes on offer on the entire Eastern Seaboard. Sure, summer sees its fair share of visitors who want a taste of this town’s beautiful isolation, but in the winters? It’s just you and chilly, thundering peaks.

Waves:
Exposed, offshore, and (luckily) lacking the gradual continental shelf most states on the East Coast have, the Outer Banks is a swell magnet. Out here, beach breaks and outer sandbars are the name of the game, but there’s just something about the place that makes the waves break harder, hollower and with more gusto. In short, you’re pulling into shacks out here — something you can’t normally say at spots on the Right Coast. From June through October, you’ll probably be wearing trunks, and while you might shiver in your hood and gloves come winter as water temps dip into the low 40s…it’s probably flat everywhere else.

Culture:
Sure, it’s North Carolina, but you’re still in the deep South. Kill Devil Hills is no exception. Trucker hats and overalls aren’t an ironic fashion statement out here, and that’s a good thing: Locals are authentic, honest, real people. As far as cuisine goes, hush puppies, sweet tea, and syrupy salutations pepper the fine home-cooking establishments along the coast.

Quality of Life:
Kill Devil Hills’ pacing bears an uncanny resemblance to its seasons. In the inclement winter, Kill Devil Hills creeps along as a ghost town. A vast majority of residents just half an hour south receive unemployment checks due to the migratory population. Just as spring revives the natural world, so, too, does it resuscitate the life and economy of the Outer Banks. By summer, the islands bustle with life and warmth, only to settle down and reflect on the momentary gorge during the crisp breath of autumn. The only wildcard in the equation: hurricanes. You never know when a Category Five might seriously change life in this Carolinian treasure.

Average Water Temp: 67 (But gets as cold at 46 in the winter)
Average Air Temp: 62
Median Income: $ 51,101
Median Home Price: $ 294,500
Most Common Industry: Accommodations / Food Service, Construction, Retail Trade
Population: 7,121
Nearest Large City: Virginia Beach, VA (62.9 miles, pop. 452,745)
Premier Surf Spots: Avalon Pier, S-Turns, Cape Hatteras Lighthouse
Local Talent: Noah Snyder, Jesse Hines, Brett Barley, Eric Dotson

[Head back to Surfer.com to read the rest of the list…]
 

29 08, 2017

Introducing Corolla Single Family New Construction

Categories: Corolla Real Estate, Devonshire Place at Bermuda Bay, FLOBX, Florida Outer Banks Development, Homes for sale Corolla, homes for sale outer banks, income properties corolla, income properties outer banks, investment properties outer banks, NC, new construction corolla, new construction corolla nc, New Homes for Sales Corolla, OBX new homes for sale, Outer Banks Investment Properties, Outer Banks New Homes for Sale, Outer Banks Real Estate Sales, rental homes corolla nc, Single Floor Homes for sale Outer Banks|Comments Off on Introducing Corolla Single Family New Construction




Click below to view additional photos, floorplans and elevations, or call (813) 480-0445 to learn more about this one of a kind single home construction in Corolla, NC.


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4 Bedroom, 3 Full and 2 Half Baths, In Ground Pool, 2,223 Sq Ft, Fully Furnished by Exotic Home, $449,900Contact us at (813) 480-0445 today!