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20 06, 2018

Report: Two Outer Banks beaches ranked top ten in U.S.

Categories: Corolla Real Estate, Devonshire Place at Bermuda Bay, Florida Outer Banks Development, Homes for sale Corolla, investment properties outer banks, Kill Devil Hills Homes for Sale, 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 rental income, Outer Banks Real Estate Sales, rental homes corolla nc, Single Floor Homes for sale Outer Banks|Comments Off on Report: Two Outer Banks beaches ranked top ten in U.S.

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OUTER BANKS, N.C. – If you think that the beaches in the Outer Banks are the best, then you may be right, and there is at least one website that agrees.

Dr. Beach, a website that list the best beaches in America, ranked Lighthouse Beach and Ocracoke Lifeguard Beach as two of the top ten beaches in the country.

While Lighthouse Beach ranked sixth, Oracocke Lifeguard Beach ranked second, just behind Kapalua Bay Beach in Maui, Hawaii.

The selection process included criteria that ranged from beach condition and water temperature – to – wildlife and beach access.

Below are the top ten rankings of beaches by Dr. Beach:

  1. Kapalua Bay Beach, Maui, Hawaii
  2. Ocracoke Lifeguard Beach, Outer Banks of North Carolina
  3. Grayton Beach State Park Florida panhandle
  4. Coopers Beach, Southampton, New York
  5. Coast Guard Beach, Cape Cod, Massachusetts
  6. Lighthouse Beach, Buxton, Outerbanks of North Carolina
  7. Caladesi Island State Park Dunedin/Clearwater, Florida
  8. Hapuna Beach State Park, Big Island, Hawaii
  9. Coronado Beach, San Diego, California
  10. Beachwalker Park Kiawah Island, South Carolina

Read article at wtkr.com

 

25 04, 2018

Outer Banks Ranks #1 in Best Family Beach Vacations in the USA!

Categories: Corolla Real Estate, Devonshire Place at Bermuda Bay, FLOBX, Florida Outer Banks Development, 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 rental income, Outer Banks Real Estate Sales, rental homes corolla nc, Single Floor Homes for sale Outer Banks, SunSaltAire, Uncategorized|Comments Off on Outer Banks Ranks #1 in Best Family Beach Vacations in the USA!

Outer Banks Ranks #1 in Best Family Beach Vacations in the USA!

Outer Banks voted #1 in Best Family Beach Vacations in the USA by U.S. News & World Report®!



Outer Banks beaches are lauded for their consistent yet manageable waves and verdant landscapes. And you can count on OBX to deliver great summer weather. Plan on renting a cottage or condo – this will give you more space without being too far from the beach.

History drips from the Outer Banks: Here, aviators Orville and Wilbur Wright took their famous first flight (at Kill Devil Hills), the pirate Blackbeard fought his last battle (at Ocracoke) and the mysterious Lost Colony disappeared (where is anyone’s guess). But this chain of barrier islands off the coast of North Carolina – affectionately dubbed OBX – isn’t just for history buffs. Fishing, windsurfing and wildlife watching attract adventurous types, not to mention the 3,000 shipwrecks you can explore by scuba diving. Families gravitate toward the beaches, mini-golf courses and the North Carolina Aquarium at Roanoke Island.

Each island has its own charm: The old lighthouses, rugged dunes and secluded beaches in the south couple with vacation rentals, water sports and kitschy beach shops, such as the Stop-N-Shop Beach Shop, in the north, all to form a unique seaside destination. If you come to the Outer Banks expecting action, you’ll be disappointed. OBX is ideal for those looking to skip the overly touristy attractions and head straight for the unspoiled beaches. You won’t find big nightlife, but you will find an abundance of natural beauty. Beaches are more populated during the summer months, but with so many destinations spread out along the barrier islands, you likely won’t experience big crowds.

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24 04, 2018

US home prices inch higher in February

Categories: Corolla Real Estate, Devonshire Place at Bermuda Bay, FLOBX, Florida Outer Banks Development, Kill Devil Hills Homes for Sale, Kill Devil Hills New Homes for sale, new construction corolla, new construction corolla nc, New Homes for Sales Corolla, outer banks real estate rental income, Outer Banks Real Estate Sales, rental homes corolla nc, Single Floor Homes for sale Outer Banks, SunSaltAire|Comments Off on US home prices inch higher in February

Buy now because prices are going up everywhere, including the Outer Banks!

homes for sale kill devil hills obxHome prices in the U.S. rose in February with no sign of changing direction.

Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index reported a 6.3% annual increase in February, up from 6.1% a month earlier. Year-over-year prices have risen continuously for the past 70 months, since May 2012, according to David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones in a press statement. Over that time, the annual price increases averaged 6%, comparable to the time period between January 1992 and February 2007, when prices averaged 6.1% annually.

“With expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue,” said Blitzer.

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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|Comments Off on Act Now! Home prices are on the Rise

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.

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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.

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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