My New Blog

Happy Labor Day to all and best wishes to any one out there looking for a job!

Some good news - distressed sales (short sales and foreclosures) are dropping in the Outer Banks. In July, they accounted for 29% of our market - down to 13% in August.  Short sales went from 13% to just 9% of the market and foreclosures went from 9% to just 4% of the market - the lowest numbers since November of 2008. 

If you are looking to take advantage of these sales, there is still time. Prices have not started back yet and mortgage rates are still low.  Looks like the turn around is on the horizon.

Rainy here today - hope you are having great BBQ weather wherever you are today.

Carol