Analyzing real estate market statistics is often like looking at the ocean after a storm. There are a lot of cross-currents, and rarely do all of the indicators point in the same direction. This seems to be the situation in the market today. We think that a strong case can be made that the real estate market on [...]
Prospective buyers of Cape Hatteras real estate received an early Christmas present today when interest rates dropped below 6.0 percent! Interest rates on conventional 30-year fixed rate loans (those below $417,000) offered by a major lender are 5.875 percent with no points and 5.625 percent with the payment of one point (one percent of [...]
Over the past few months, a variety of very interesting and important issues concerning Hatteras Island have been at the forefront of our local headlines. Some have been resolved, and others will probably be with us for the foreseeable future. Here is a summary: On November 6th, Hatteras Island voters defeated a [...]
