London and Silicon Valley heading up the Global Top 30 on JLL’s 2017 Investment Intensity Index? Not surprising. But Raleigh-Durham, Austin and Denver also making the list? Now that’s interesting. It’s because these smaller powerhouses are punching above their weight in proportion to their local GDP and going head-to-head with highly globalized markets that are traditionally more attractive to investors. More...
The North Carolina Board of Transportation has approved the 2016-2025 State Transportation Improvement Program (STIP), a 10-year transportation plan that includes nearly 1,100 projects in the state over the next decade. The highway projects alone are expected to support the creation of nearly 300,000 jobs.
The economic reality for North Carolinians varies greatly depending on where one lives and works, according to the latest labor market data on conditions in the the state's metro areas and counties.
297 Accidents, $2.3 Million in Property Damages, and 208 Injuries Prevented Since 2003. After 11 years of hard work, the City of Durham has reduced vehicular accidents in targeted areas by more than 50 percent thanks to an ongoing accident reduction program.
Wages are down, job creation lags, and many communities are still stuck in the recession, new report finds
Devil Hills, NC - March 14, 2012 - (RealEstateRama) -- The 3rd Annual Night at the Race, which will be held on the 17th of March at the Hilton Garden Inn, is sponsored by the Corolla Wild Horse Fund together with former professional jockey Jeffrey Carle. Paying guests will be entitled to receive $30 playing money which they may use for any or the six races slated for the night. They may also participate in the various contests that will be held throughout the event while enjoying refreshing hors d’oeuvres.
Outer Banks, NC - March 8, 2012 - (RealEstateRama) -- The annual Duck and Wine Festival is back on its fourth year and Outer Banks real estate owners are more than welcome to apply for volunteer posts. Those interested in participating in the event may also now avail of tickets or special duck and wine getaway packages.
Outer Banks, NC - December 20, 2011 - (RealEstateRama) -- This is the third year in a row with increased real estate sales across all sectors of the Outer Banks real estate market from the low end properties all the way up to oceanfront real estate.
December 20, 2011 - (RealEstateRama) -- Hatters Island, on the south end of the Outer Banks, is in the middle of an oceanfront home shortage. No need to worry though, because the shortage is only because there are not enough oceanfront houses for sale to accomadate all of the potential buyers. Despite the best efforts of the media to scare everyone away from the real estate market, Hatteras Island is experiencing a boom in the sales of oceanfront single family homes resulting in the shortage.
Outer Banks, NC - December 19, 2011 - (RealEstateRama) -- For those interested in selling their Kill Devil Hills oceanfront home, right now is not a bad time to give it a try. Jumbo loans are available and there are plenty of people with down payment money and good credit who are looking to do something with their money. The conventional wisdom of investing in the stock market is starting to lose favor among a lot people with the stock market becoming too scary for a lot of people, especially after watching stock holdings evaporate overnight.
Outer Banks, NC - December 17, 2011 - (RealEstateRama) -- You don' t see a whole lot of turnover along the Southern Shores oceanfront. People who own beachfront homes in Southern Shores tend to hold onto their properties longer than their contemporaries in most of the other areas of the Outer Banks. There is also a larger proportion of second home owners vs rental property owner amongst the Southern Shores property owners and with the the oceanfront lots in Southern Shores being twice as wide as anywhere else around resulting in half as many lots along the Southern Shores beachfront. (most oceanfront lots measure 50 feet wide and Southern Shores lots measure 100 ft. wide)
Outer Banks, NC - December 15, 2011 - (RealEstateRama) -- The recession seems to be affecting different segments of the population differently. While all we ever hear about are the people who lost their jobs and who lost their houses and trashed their credit we never seem to hear about the vast majority of people who still have jobs, still have credit and managed to not borrow more than they could afford. These clever folks have managed to stay on the sidelines waiting for the smoke to clear so they could see when it was time to take advantage of the decline in real estate prices brought on by a minority of Americans.
Outer Banks, NC - December 13, 2011 - (RealEstateRama) -- To calculate the absorption rate for beachfront homes sales in the OBX vacation destination of Corolla you have to figure the amount of time it will take to sell off all the available real estate inventory. In Corolla there are currently 34 oceanfront houses for sale. The number of beachfront houses sold in the past 12 months was a total of 27 single family homes. With 34 oceanfront homes currently for sale it, will take 1.3 years to sell all of the <a title="Corolla beachfront homes for sale"
Outer Banks, NC - December 8, 2011 - (RealEstateRama) -- Ignoring the trend around the country the Outer Banks is continuing to see an increased in the number of real estate sales transactions. This is the third year in a row we have experienced an increase in the number of properties sold. While prices are still in decline the number of sales continues to increase. So far this year our little MLS has recorded 1,167 sold properties as compared to 1,120 last year during the same time frame. This is an increase of almost 5%.
The economy, or lack thereof, is continuing to suppress the sale of high end properties across the Outer Bank of North Carolina. The first...
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