NAR’s 2015 Investment and Vacation Home Buyers Survey

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Covering existing- and new-home transactions in 2014, shows vacation-home sales catapulted to an estimated 1.13 million last year, the highest amount since NAR began the survey in 2003. Vacation sales were up 57.4 percent from 717,000 in 2013. Since 1978, Twiddy & Company has provided clients with the tools and resources needed to make confident,… Read more »

All-Cash Sales Up While Distressed Sales and Investors Decline

Posted by & filed under Outer Banks Activity, Outer Banks History, Outer Banks News.

Media Contact: Walter Molony / 202-383-1177 / Email (May 8, 2014) – Analysis of data collected for the Realtors® Confidence Index shows the market share of all-cash purchases is on the rise, despite declines in distressed sales and investor activity, according to the National Association of Realtors®. Lawrence Yun, NAR chief economist, said the findings are counterintuitive. “Distressed home… Read more »

Vacation Home Sales Surge in 2013; Investment Property Declines

Posted by & filed under Outer Banks Activity, Outer Banks News.

DAILY REAL ESTATE NEWS | WEDNESDAY, APRIL 02, 2014 Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of REALTORS®. NAR’s 2014 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2013, shows vacation-home sales jumped… Read more »

Good News! Senate passes Flood Insurance Bill

Posted by & filed under Outer Banks Activity, Outer Banks News.

  On Thursday the US Senate gave final congressional approval to the Homeowner Flood Insurance Affordability Act (HR.3370). The bill passed the Senate 72-22. It has passed the House and will now head to the President’s desk for signature. The bipartisan legislation going to the White House includes offsets for the costs of H.R.3370, which… Read more »

Duck Housing Market Update

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If you are still considering purchasing a home here in Duck, the opportunities abound. The inventory of single family homes on the market in Duck has increased dramatically by over 35% from January 2013. There are now 111 homes to choose from compared to 82 one year ago.  The Corolla inventory has fallen slightly at… Read more »