Category archive for: Real Estate

In the heart of Manteo…

July 26, 2012

Yet tucked away from the hustle bustle, is a lovely three bedroom condominium at Marshes Light. Spacious, this lovely top floor home overlooks the Marina to the south and views of Shallowbag Bay and Roanoke Sound to the southeast. Close enough to stroll  to restaurants, theater and shopping, the sound-side boardwalk hugs the shoreline while providing a comfortable and picturesque walkway.

Marshes LIght Boardwalk

 

 

 

 

 

 

 

 

 

Perhaps the thing that speaks volumes, though, is the craftsmanship and quality of materials. You’ll notice the solid construction, the Hardi-Plank siding, the Andersen windows, the 10 1/2 ceiling heights, thoughtful use of space, transom windows above interior doors and in the kitchen, stainless appliances, granite countertops and natural maple cabinetry.

Built by Renaissance Construction

 

 

 

 

 

 

 

 

 

The recent TowneBank Red Nose Wine Festival has put Marshes Light on the map! To arrange for a tour, please contact Lee Whitley at 252-475-9863 or email lee@marsheslight.com. Price: $425,000.

 

 

 

 

 

 

 

 

 

 

 

Categories: Land Development, Marshes Light Marina, News, outer banks, Real Estate, Roanoke Island, Things to do, travel, Uncategorized.

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Croatan Surf Club

July 20, 2012

The Beach Road took us to the Croatan Surf Club in Kill Devil Hills this past week.

It was on a whim when I responded to an offer by Village Realty on Facebook that they had several condos that weren’t booked. I was floored and completely unprepared when I “won” the condo for the week starting the very next day.

Village Realty makes check-in easy – all I had to do was call for a code to the keyless entry, which was released about an hour before official check-in time. I did not have to stop by their office or pick up a key.

The condo was immaculate and looked as new as it did in 2009 when I attended the grand opening. I was impressed by the quality of construction and materials, such as granite, hardwood floors, stainless appliances and designer fixtures and furnishings. The oceanfront pool was inviting and featured a spa and “spray ground” for kids.

I think the only drawback was that I had no time to pack or plan – we were not able to take off work, and had pets and kids to arrange for, so we did not “staycate” for the full week.

The location is great, centrally located on the Beach Road near Milepost 7 ½. We explored shops and restaurants we don’t normally go to, and enjoyed a lovely dinner at JK’s Restaurant. Succulent steaks, mashers, salad and a glass of wine were delicious in a cozy atmosphere.

And waking up to this view was absolutely spectacular!

 

Categories: Dining, Food & Wine, outer banks, Real Estate, Things to do, travel, Uncategorized.

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Unique Waterfront Property for Sale

March 5, 2012

 

Top floor, top right

The Area:

Historic downtown Manteo on Roanoke Island is beloved for its small town friendly atmosphere and waterfront location. Discover maritime history, live theater, art and cultural attractions, quaint shops, restaurants, First Friday Festivals and Saturday Farm Markets in Manteo, and, best of all, it’s located just minutes from the beautiful beaches of Nags Head along North Carolina’s Outer Banks.

The Property:

A one-of-a-kind, truly spectacular home in the new Marshes Light community is now available. This 3 bedroom, 3 bath home is located on the top floor of the Azalea condominiums and sits on the most eastern point of the community with panoramic views of Shallowbag Bay to the south, Roanoke Sound and Nags Head to the east, and the Marshes Lighthouse, Manteo waterfront and Roanoke Island Festival Park to the northeast. This home was enjoyed as a weekend get-away by its owners and has been lovingly cared for.

Features:

 

  • 1,673 square feet
  • Wrap-around covered decks
  • Tiled kitchen and baths
  • Stainless appliances
  • Marble countertops
  • Garden tub with separate walk-in shower
  • Heated master bathroom floor
  • Large walk-in closet
  • 9 1/2 ‘ ceilings with transom light windows above interior doors
  • Scrumptious upscale furniture and décor.
  • Exquisite window treatments and remote-controlled shades.
  • Parking garage with storage
  • Elevator.

Sunrise views

For more information, contact Lee Whitley at lee@marsheslight.com or call 252-475-9863.

Categories: Home & Garden, Land Development, marina, Marshes Light Marina, News, outer banks, Real Estate, Roanoke Island, Things to do, travel, Uncategorized.

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Mid-Currituck Bridge: A New Link to the Outer Banks

January 20, 2012

According to an article in today’s Outer Banks Voice, the Mid-Currituck Bridge is one step closer to reality.

“The final environmental impact statement has been released on a proposed toll bridge over the Currituck Sound that would stretch between the mainland and Corolla.

The N.C. Turnpike Authority plans for construction on the bridge to start before the end of 2012, with the span opening to traffic by 2017.”

NCDOT states that the Mid-Currituck Bridge will:

  • Substantially improve traffic flow on NC 12 and US 158;
  • Substantially reduce travel time for persons traveling between the Currituck County mainland and the Currituck County Outer Banks; and
  • Substantially reduce hurricane clearance time for residents and visitors who use US 158 and NC 168 during a coastal evacuation.

For more information and history on the Mid-Currituck Bridge, visit www.ncdot.gov/projects/midcurrituckbridge.

ProjectMap

Categories: Environment, News, outer banks, Real Estate, travel.

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New Construction at Marshes Light

January 13, 2012

Renaissance Construction recently broke ground for the construction of a three bedroom home in Marshes Light on home site 7. This marks the fourth home in downtown Manteo’s newest neighborhood. Renaissance Construction is owned by Steve Daniels who is the Marshes Light preferred builder.

“I employ the best local craftsmen and personally oversee to be sure each home is well built in a timely and efficient manner.”

There are only a handful of home sites available at Marshes Light, and one or two will boast panoramic views of the Sound. Marshes Light is a unique location connected by a boardwalk to shops, restaurants, theater and Festival Park in downtown Manteo.

Categories: Home & Garden, Land Development, People of Interest, Real Estate, Roanoke Island, Uncategorized.

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New Year’s Resolution – Thinking Outside the Box, the Beach Box, that is

January 5, 2012

As I was stumbling the Internet the other day, I came across a blog, www.thenester.com.  The tagline is “It doesn’t have to be perfect to be beautiful.”

The gist of the current post, as with most New Year’s posts, is about setting goals. And the goals at The Nester are relative to house and home.

No Water Views Here

Which got me thinking.  I live in a 25 year old reverse-floor plan single family home. We’ve made three major renovations, but it’s still a REVERSE FLOOR PLAN. For those of you not familiar with this layout, a reverse floor plan is a house on pilings (typically 8 feet above ground), with a drive under or carport and (hopefully) an entry on the ground floor, bedrooms on the middle floor, and kitchen, living, dining and maybe an extra bedroom on the top floor. A lot of homes on the Outer Banks are built this way to take advantage of views of the ocean or sound from the upper floors.

As the trees grew in our back yard, our views of the ocean dwindled. We haven’t had a view of the water for at least 10 years. We love where we live, but we are over the stairs. We want our main living areas – the kitchen, living and master bedroom to share the same floor at ground level. But tearing down and starting over is a major expense and not in our foreseeable budget.

So we’re stuck in a mode of not doing anything, except basic maintenance. But the post at The Nester made me take pause and think about making some goals of my own. Here are a few of her ideas (I won’t list them all here, just the ones that spoke to me):

  •  What’s my favorite room in my house? Why?
  • How and where does my family hang out together?  What’s working for that room? What’s annoying in that room?
  • Is there something in my home I want to do but I’m afraid?  What if I take that risk?  What’s the worst that can happen?
  • Am I neglecting my home and not putting money into something that is needed?
  • Stop apologizing for my home.

Categories: Home & Garden, outer banks, Real Estate, Remodeling, Uncategorized.

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2011 – A Year in Photos

December 29, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wishing you and yours a happy and healthy New Year!

Photo by Amanda Mager

 

 

 

 

 

Categories: Arts, Fitness, Holiday Happenings, Home & Garden, Land Development, Marshes Light Marina, outer banks, Real Estate, Roanoke Island, Things to do, Uncategorized.

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Mortgage rates fall to record lows

December 20, 2011

From http://www.linkedin.com/news

By Les Christie @CNNMoney December 15, 2011: 1:44 PM ETN

NEW YORK (CNNMoney) — Mortgage rates sunk to record lows again this week. The average rate on the 30-year fixed mortgage fell to 3.94%, matching the all-time low hit in early October, according to Freddie Mac’s weekly mortgage rate survey.

Meanwhile, 15-year fixed-rate loans hit a new record low of 3.21%, surpassing the record set on October 6.  Five-year adjustable rate mortgages also plumbed new depths, hitting 2.86% for the week. “We’ve been hanging around record lows for a few months now and we finally hit another one,” said Keith Gumbinger of HSH Associates, a provider of mortgage data.

Low-interest mortgages will be available at least through mid-2012, according to Freddie Mac’s chief economist, Frank Nothaft.

The low rates can translate into big savings for home buyers. Five years ago, a home buyer would have been lucky to land a 5% rate on a 15-year loan. On a $200,000 mortgage, that would have meant the borrower would have paid $1,582 a month. Should a borrower land a 3.2% rate on a $200,000 loan now, the monthly mortgage payment would come to $1,400 — a savings of $182 a month.

Categories: Financing, Mortgage Rates, News, Real Estate, Uncategorized.

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Visions of an Upscale Small Town Waterfront

December 7, 2011

This is the architect’s rendering of Marshes Light in Manteo, NC. Retail shops and restaurants along the water, homes and condominiums nearby, and a bustling marina. This new community is located within walking distance on a soundside boardwalk to historic Manteo with a variety of dining, shopping and cultural activities.

Categories: Arts, Historic Architecture, Home & Garden, Land Development, marina, Marshes Light Marina, outer banks, Real Estate, Roanoke Island, Things to do, travel, Uncategorized.

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Outer Banks Real Estate – Sharing the Benefits of the CMA

October 26, 2011

I was approached by a neighbor recently about listing her home in Southern Shores for sale. Having been focused on Marshes Light in downtown Manteo for several years, I told her I was a bit rusty in the market outside of Marshes Light, but would welcome the opportunity to prepare a CMA, or comparative market analysis. After all, this would also reveal my own home’s current worth.

Our local realtor group uses a multiple listing service by Paragon. We recently converted to the newest version and it’s been a bit of a chore learning the new technology. It does have a great CMA wizard and it allowed me to enter information about the subject property (which can later be converted it to an active listing) and gather comparable properties, both active, sold and under contract listings. Using the wizard, I was able to prepare an attractive, easy to understand presentation that gave my neighbor a clear idea of what her property is worth in today’s market.

I also learned that the real estate market is strong on the Outer Banks.  On a national level, a recent CNN Money article states that “home prices continued a winning streak in August, the fifth straight month of price gains, but remain lower on a year-over-year basis.”

This new listing caught my eye:

Southern Shores west-side, 3 bedroom, 2 1/2 bath home sits on a large lot with pool has a newly renovated professional kitchen with stainless appliances and granite counter tops. There are lots of decks overlooking a large pool. The home was built in 1989 by Olin Finch, and will appeal to a year-round family or rental investment buyer. $419,000. MLS 72296.

Categories: Home & Garden, outer banks, Real Estate, Uncategorized.

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What the market stats are saying about the Outer Banks Real Estate Market!

September 20, 2011

This article is reprinted with permission.

By Hugh “Scooter” Willey, Jr. (email: hughwilleysunrealtynccom)
NC Real Estate Broker with Sun Realty of the Outer Banks

The real estate market has been a bruising one, for both pockets and egos, over the past several years. Yet, signs of stabilization are beginning to show in the Outer Banks Real Estate Market. Buyers are in all earnestness beginning to search for homes, sensing the “bottom” is near (or passed), inventory is down (good for sellers) and ‘bank owned” properties have slowed. It is also noteworthy that as a resort community the median sales price is increasing.

For those interested in the Outer Banks Real Estate Market, I have posted the following comparison of the first 8 months of 2011 to the first 8 months of 2010 (source: Outer Banks Association of Realtors MLS).

Overall Sales

Total Property Sales
2010 2011 Change
Residential 919 923 *
Land 167 201 +20%
Commercial 11 15 +36%
Total 1097 1137 +4%

* Insignificant

Distressed Property Sales

Distressed Property Sales
2010 2011 Change
Potential Short Sale 102 128 +25%
Bank Owned 247 231 -7%
Total 349 359 +3%

Median Sale Price

Median Sale Price
2010 2011 Change
Single Family Residential $300,000 $343,154 +14%
Condo $199,000 $183,233 -8%
All Residential $269,900 $297,522 +11%

Inventory

Current Inventory
2010 2011 Change
Residential 2191 1849 -16%
Land 1325 1146 -14%
Commercial 124 147 +19%
Total 3640 3142 -14%

Categories: Home & Garden, Land Development, Real Estate, Uncategorized.

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Spotlight On: Manteo

July 27, 2011

Marshes Light Marina & Community

The Town of Manteo is known for its exceptional downtown waterfront, Victorian-inspired architecture and the large selection of bed and breakfasts in the Outer Banks. Situated on the eastern side of Roanoke Island, Manteo lies between the North Carolina mainland and the barrier islands of the Outer Banks along the Shallowbag Bay.

The town’s theme is decidedly nautical, with the daily weather reports coming in the form of flags flying from the Manteo Weather Tower. Beacons of light from the Roanoke Marshes Lighthouse still guide boats in safely, and charming shops and cafes line the city’s waterfront.

While the residents of Manteo embrace the modern charms of the seaside village, they are also keenly aware of the island’s historical importance. Over 420 years ago, a group of 117 men, women and children, with the blessing of Queen Elizabeth I, settled on the island. An ideal location for an English settlement because of its lush vegetation and mild climate, they established a colony only to subsequently disappear. “The Lost Colony,” as it has come to be known, today remains one of history’s biggest mysteries.

Three hundred years later, Union forces took control of the waters of northeastern North Carolina, and the groundwork of modern Manteo was laid when freed slaves lived and worked on the island. Nearly 4,000 freed slaves had become part of this ‘Freedman’s Colony’ until its official closing in 1867.

Today, the town’s tree-lined streets, shops, restaurants, fishing charters and bed and breakfasts reflect its history while keeping one foot firmly planted in the present as well.

Marshes Light

Close to history and close to the water, Marshes Light is a one-of-a-kind waterfront community located within walking distance of the shops and restaurants of historic downtown Manteo. The last opportunity for new construction within the historic district, Marshes Light includes homesites, single-family homes and marina villa homes in addition to a host of amenities including a 60-slip marina, all while reflecting Manteo’s unique character and charm.

Mayo Boddie, chairman of developer Boddie-Noell, pointed out, “I have always loved Manteo, and it’s why we decided to develop Marshes Light there. I own a condo there, I dock my boat there, and I love to spend time there, which is why I’ve been so passionate about Marshes Light and about connecting the community to historic downtown Manteo.”

(This article originally appeared in Ideal Living Magazine.)

Categories: Historic Architecture, Home & Garden, Land Development, marina, Marshes Light Marina, outer banks, Real Estate, Roanoke Island, travel, Uncategorized.

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Real Estate News from around the Web

June 21, 2011

Charlotte Business Journal: NC Foreclosures down 38% year-over-year

Date: Thursday, June 16, 2011, 8:02am EDT

“Foreclosures on N.C. homes fell 38.3 percent in May from a year ago and were down 3.4 percent from April. Some 2,689 homes in North Carolina were in foreclosure proceedings in May, or one in every 1,584 households, according to RealtyTrac Inc.    The state ranks 36th in the nation for the rate of filings, RealtyTrac says.

Foreclosures nationwide dropped 33.4 percent last month from May 2010 and dipped 1.98 percent from April. There were 214,927 filings last month across the nation, or one in every 605 households.”

WASHINGTON, Jun 16, 2011 8:30am EDT Reuters

by Lucia Mutikani, Editing by Andrea Ricci

“U.S. housing starts rose more than expected and permits for future construction touched a five month high in May, a government report showed on Thursday. The Commerce Department said housing starts rose 3.5 percent to a seasonally adjusted annual rate of 560,000 units, retracing almost half of April’s steep decline. Economists polled by Reuters had forecast housing starts rising to a 540,000-unit rate. Compared to May last year, residential construction was down 3.4 percent.

Last month, there was an increase in groundbreaking for both multi and single family homes. Starts in the West were the highest since August.

Multi-family home starts rose 2.9 percent. Single-family home construction, which accounts for a large portion of the market, rose 3.7 percent.”

The Wall Street Journal: He Says Maine. She Says Florida

How couples navigate one of the trickiest issues in retirement: where to live, by Kathleen A. Hughes.

It may be the trickiest and most troublesome issue couples face when approaching retirement: Where are you going to live?

The prospect of a new locale, of course, is enticing. Why not seize the moment and settle (finally!) in the destination of your dreams: the mountains, the beach, the city—even overseas. Baby boomers in particular, who begin turning 65 this year, seem ready to do just that.

The Wall Street Journal – Smart Money: A Bull Market in Rental Housing

By Annamaria Andriotis.

Five years into the real-estate bust, the market for single-family homes seems weaker than ever. According to the most recent S&P/Case-Shiller housing data, prices fell 3.3% nationwide in February from a year earlier.

The ongoing malaise, paradoxically, is only boosting the opportunities for investors in multiunit rental properties.

The days of buying and flipping a property for quick profit are long gone. But investors who purchase apartment buildings, perhaps as part of a retirement portfolio or estate plan, are seeing better deals now than at any time in the past decade, says Dan Fasulo, managing director at Real Capital Analytics, a real-estate research-and-consulting firm. On the cost side, housing prices are low and falling in many areas, while mortgage rates are near historic lows. On the income side, apartment rents are near all-time highs.

Categories: Real Estate, travel, Uncategorized.

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Marshes Light Marina Open House

May 31, 2011

June 4, 2011 Noon until 5 p.m.

Categories: marina, Marshes Light Marina, outer banks, Real Estate, Roanoke Island, Things to do, travel, Uncategorized.

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Housing is Back

April 28, 2011

A recent article in Fortune Magazine has proclaimed The Return of Real Estate: “Forget stocks. Don’t bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing,” writes Fortune Magazine senior editor Shawn Tully. Here’s why:

Inventory is shrinking in many markets, as homebuilders built far fewer homes during the recession. And, now that troubled properties are finally being bought up, this has reduced available inventory of homes. According to the article, in 41 cities, “a total of 78,000 houses are now either vacant and for sale, or under construction. That’s less than one-fourth of the 343,000 units in those two categories” at the peak in 2006.

In areas that suffered with fewer distressed properties, “the existing home inventory is lower, closer to seven months on average. So a modest increase in demand will translate into strong gains in both prices and new construction.”

And even in those markets with more distressed or foreclosure properties, “those properties are finding plenty of renters, since the rental market is still extremely strong across the country.” As such, the supply of renters has increased dramatically, causing considerable increases in rental rates, while price declines have been such that it is now actually more expensive to rent than to own for most people.

“Let’s state it simply and forcibly: Housing is back.”

In an earlier interview with Fortune, Economist Karl Case of the widely followed S&P/Case-Shiller Home Price index said “The lack of new home building is a huge help that a lot of people are ignoring….housing is looking like the little engine that could.”

What does this mean for the Outer Banks? A comparison of SOLD properties on the Outer Banks* (from Multiple Listing Service) during the time period January 1 through April 28 for 2010 and 2011 revealed that activity is up:

                246 sold  1/1/2010 – 4/28/2010

                291 sold 1/1/2011 – 4/28/2011

Yet, the average price of residences and land dropped slightly from 2010 to 2011, which means there are some great properties available at good prices on the Outer Banks.

*Outer Banks properties included Corolla, Duck, Southern Shores, Kitty Hawk, Kill Devil Hills, Nags Head and Roanoke Island, residences, land, and commercial.

You can read the entire article by clicking here, and you can learn more about the opportunities to own at Marshes Light by clicking here.

 

 

 

http://finance.fortune.cnn.com/2011/03/28/real-estate-its-time-to-buy-again/

Categories: outer banks, Real Estate, Roanoke Island, Uncategorized.

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Coors Cottage Transformed to Discover Marshes Light Get-Away

April 14, 2011

We’re in the process of outfitting our beloved Coors Cottage to be our new guest accommodations for Marshes Light. Previously, our guests enjoyed staying at the Marina Villas, in a three bedroom condominium. As a matter of fact, the last guests who stayed there, fell in love and immediately purchased it – hence the move.

Check out these adorable dishes that Mrs. C found in Hilton Head. They’ll work well with the white dishes and mugs I found at a local store.

The Coors Cottage will bring a new dimension to a visit at Marshes Light. A 2009 Parade of Homes winner, the Coors Cottage blends historical detail and craftsmanship of the past with an upscale, gourmet kitchen and an open and inviting floor plan.

How about a soak in the tub after a full day?

Located on stately Fernando Street, the Coors Cottage is just a short walk to downtown Manteo and quaint shops, restaurants, and Festival Park.

Categories: Arts, Historic Architecture, Home & Garden, outer banks, Real Estate, Roanoke Island, Things to do, travel, Uncategorized.

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Imagine

March 9, 2011

Could you imagine yourself living here? How about waking up each morning with the sun rising over the Atlantic Ocean nearby? Perhaps, after a cup of coffee and a bite to eat, you put your kayak in the water and paddle around Festival Park, maybe take a fishing rod, but most definitely a camera. That might be the most you do in a day, or maybe you would meet some friends for lunch at a local restaurant that’s just a short walk away via the sound-side boardwalk. If your days are leisurely, perhaps you’d want to take a pottery class next door at the college.

Could you imagine yourself boating here and mooring up for a week? Staying in a destination marina and exploring a charming historic town on foot. There’s a history center, mariner’s museum, outdoor theater, summer farmer’s market and “First Friday” street festivals. There are plenty of locally owned restaurants serving fresh food and fresh caught seafood daily. Maybe rent bicycles or don your running shoes and hit the miles-long bike and jogging path that run the length of the island.

Imagine.

Visit www.marsheslight.com for more information. For information on the Outer Banks and things to do, visit www.outerbanks.org.

Categories: Arts, Dining, Historic Architecture, Home & Garden, marina, Marshes Light Marina, outer banks, Real Estate, Roanoke Island, Things to do, travel, Uncategorized.

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From the Wall Street Journal Online

February 12, 2011
WSR DIGITAL EDITION – Smart Money
February 11, 2011

Why You Should Buy That Home Now

Congress will ultimately decide whether Fannie and Freddie have a future, and whether the other changes could go into effect as soon as this fall. Here are the big three reasons (to obtain a mortgage now):

  • Smaller mortgages
  • Higher fees
  • Bigger down payments

Read more:  http://www.smartmoney.com/personal-finance/real-estate/why-you-should-buy-that-home-now-1297456803897/#ixzz1DmcBtY5i

WSR DIGITAL EDITION – Weekend Investor
February 12, 2011

The Great Customer Courtship

Banks Are Rolling Out New Incentives to Win Your Business. Here’s a Guide

Banks “need more cash on hand,” says Dan Geller, executive vice president at Market Rates Insight Inc., a San Anselmo, Calif., firm that tracks bank interest-rate data, “so they are intent on bringing in warm bodies.”

The current low-interest-rate environment is adding to banks’ sense of urgency. By bringing in customers now, banks are setting themselves up to profit when interest rates rise, by collecting the difference between the interest paid to depositors and the money they rake in from loans.

Read more: http://online.wsj.com/article/SB10001424052748703313304576132593769879956.html?mod=googlenews_wsj

This blog is made possible by Marshes Light,  a new home community in the heart of historic downtown Manteo. Please visit our website at www.marsheslight.com or visit our new Sales & Welcome Center at the Marina – 301 Dartmoor Lane, Manteo.

Categories: outer banks, Real Estate, Roanoke Island, Uncategorized.

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Housing News from Around the Web

February 9, 2011

THE WALL STREET JOURNAL ONLINE:  Home Affordability Returns to Pre-Bubble Levels

“Based on incomes, this is as affordable as it gets,” said Mark Zandi, chief economist at Moody’s Analytics. “If you can get a loan, these are pretty good times to buy.”

INMAN NEWS:  Real Estate Prices Fall for 5th Straight Month 

“Despite the continued monthly decline in home prices and year-over-year depreciation, we’re encouraged that on an annual basis we’re unchanged relative to a year ago,” said CoreLogic Chief Economist Mark Fleming in a statement. “Excess supply continues to drive prices downward, but the silver lining is that the rate of decline is decelerating.”   

MSNBC.COM:    New U.S. home sales soared in December

Monthly gain raising cautious optimism for housing market recovery.

REALTOR.ORG:  Real Estate Is as Affordable as it Gets

February 9, 2011 “Based on incomes, this is as affordable as it gets,” says the chief economist at Moody’s Analytics about purchasing a home in today’s market.

RISMEDIA:  Economic and Housing Outlooks Brighten According to Fannie Mae Analysis Group

“Improvements in consumer spending and consumer confidence, increased demand for goods and services, and falling unemployment claims are all positive factors for a brighter outlook as we move into 2011…” 

Prices are stable at Marshes Light which were discounted almost 40 percent since original 2006 price structure on single family home sites and new condominiums.

Categories: Land Development, Marshes Light Marina, Real Estate, Roanoke Island, Uncategorized.

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