Outer Banks Real Estate Sales

/Outer Banks Real Estate Sales
11 04, 2018

Spring Fever Sales Incentive!

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

 

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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6 02, 2018

Free TVs & Blinds Package Offer!

Categories: Devonshire Place at Bermuda Bay, FLOBX, Florida Outer Banks Development, homes for sale outer banks, income properties outer banks, investment properties outer banks, Kill Devil Hills New Homes for sale, 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 Free TVs & Blinds Package Offer!

UNIT 11 – ST. GEORGE
Our stunning St. George model, Unit 11, on the Pond front is now fully completed and move-in ready.  This property is being offered with a Blinds Package and Smart TV Package valued at $4000 if under contract and closed by March 30th, 2018. Asking $308,850.

The Blinds Package consists of faux 2″ wood blinds as well as Curtains on all sliders, as seen in the home. The TV Package consists of 4 Smart TV installed (Living Room and each Bedroom),
which are on order and will be installed shortly. Call sales agent Heather Sakers at (252) 599-6814, or click here for additional information about the new home for sale in Kill Devil Hills, NC.

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Devonshire Place Availability Map

Hurry! Only 8 Units Left For Sale!

As of February, 2018



 

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.

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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.

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17 01, 2018

US new home sales skyrocket 17.5 percent in November

Categories: Devonshire Place at Bermuda Bay, FLOBX, Florida Outer Banks Development, homes for sale outer banks, income properties outer banks, Kill Devil Hills New Homes for sale, OBX new homes for sale, Outer Banks, Outer Banks Investment Properties, Outer Banks Real Estate Sales, Single Floor Homes for sale Outer Banks|Comments Off on US new home sales skyrocket 17.5 percent in November

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New homes for sale Kill Devil Hills, NC OBX Real Estate

By MATT OTT

WASHINGTON (AP) — Americans stepped up their purchases of new homes at the fastest pace in more than 25 years in November, with sales skyrocketing 17.5 percent amid robust demand and a continued shortage of existing homes on the market.

New home sales last month jumped to a seasonally adjusted annual rate of 733,000 units compared to 624,000 in October, the Commerce Department said Friday. That’s the biggest monthly gain since January 1992 and the most homes sold in a month since July 2007, just months before the economic downturn.

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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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