It’s not a secret that once you vacation on the Outer Banks, you’ll want to find ways to come back often or eventually live here. So, if you purchase a home here, is it a vacation home or eventually a place to retire? Is there a difference? According to the National Association of REALTORS® latest market figures, vacation home sales were 29.7% higher in 2013 over 2012. Right now, 13% of all home sales are vacation homes. The median vacation home price increased 12.5% over 2012 to $168,700. Seasonal demands drive home prices – it is good to analyze home values over an entire year. A short … [Read more...]
Archives for April 2014
April is Fair Housing Month
April 23, 2014 By
April is National Fair Housing Month, however, Fair Housing is extremely important and something we need to think about every day. We make sure everyone is treated fairly! This may be a long post, but very important …. It contains who is protected, what is protected and where you can go to complain if you feel your rights were not protected. At the end is our REALTOR® Fair Housing Oath confirming what we believe in as members of the REALTOR® Association. HUD No. 14-028 Shantae Goodloe (202) 708-0685 FOR RELEASE April, 2014 HUD MARKS FAIR HOUSING MONTH WASHINGTON - Each April, … [Read more...]
March Housing Numbers are In – We’re Still a Work in Progress
April 16, 2014 By
Sales – The numbers coming out of the March statistics are pretty interesting. The number of active listings in March 2014 rose by 12% when compared to the number of active listings in March 2013; however, total number of sales declined by 12% (Residential sales declined by 4%, lot / land sales declined 36% and commercial sales increased by 100%. It appears that sellers are confident while buyers are being a more skeptical. Sales Price – Average and the median sales prices for all property classes have decreased with the exception of median sales price for commercial property which is up … [Read more...]
Still confused about what the Flood Insurance Change Means?
April 9, 2014 By
It IS confusing – first you’re paying astronomical prices for flood insurance, then it’s put on hold and now you don’t? What needs to be covered, what’s not – it’s enough to tear your hair out. But this may help ….. Last week I posted an article with the highlights of H.R.370 – Homeowners Flood Insurance Affordability Act. If a picture is worth a thousand words, a video may be worth millions. Below is a video explaining the bill an easier way … Call me today for more details and how this may affect your sale or purchase on the Outer Banks! Follow me on Facebook! … [Read more...]
Flood Insurance News on the Outer Banks
April 2, 2014 By
Below is an article that can be reposted which outlines accurate info and highlights of HR 3370. President Obama recently signed into law H.R. 3370 – Homeowner Flood Insurance Affordability Act. The law amends several provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 (BW-12) which made major changes to the rate and premium structure of the National Flood Insurance Program. Here are the highlights of H.R. 3370: Reinstates grandfathering on ALL post-FIRM properties – those that were built to a Flood Insurance Rate Map standard. This includes all post-FIRM primary … [Read more...]
