Archive for February, 2009

OUTER BANKS INSURANCE CONTROVERSY

Wednesday, February 25th, 2009

Significant changes in homeowner insurance rates, deductible amounts, and surcharges have been approved by the North Carolina Insurance Commissioner. If implemented as approved, the revisions will substantially increase the cost of homeowner’s insurance coverage provided by policies written through the Beach Plan. These modifications are being challenged at both the legislative level and in a [...]

HATTERAS ISLAND MARKET OFF TO A GOOD START

Saturday, February 21st, 2009

2009 has gotten off to a good start for the Hatteras Island real estate market.  President’s Day weekend was especially active - agents called to show our properties; prospective buyers called to ask about the prices of specific properties; sellers called in to reduce their asking prices, and, several properties went under contract or have offers working [...]