Nationally, the number of homes in the foreclosure process dropped by 34.9% in February 2014 from their levels a year earlier, according to CoreLogic’s National Foreclosure Report. The figure now stands at 752,000 properties; a year ago, 1.2 million properties were in foreclosure. As a share of all mortgages, the foreclosure inventory stood at 1.9% in February 2014, down from 2.9% in February 2013.
This information is consistent with the current real estate market on the Outer Banks. The Outer Banks MLS (multiple listing service) still has many listings for sale that are great deals! Oceanfront properties are still for sale at a great buy. Many investment homes with ocean views are still great buys! Hurry though, the real estate market is booming here! Buyers are purchasing homes now to start receiving income as soon as they close.
Are you looking for a Beachfront Bargain? Is it your dream to own an oceanfront house on the Outer Banks or one with a view and within walking distance? WHAT ARE YOU WAITING FOR?
Call Wende Pritchard, your local HGTV Outer Banks REALTOR! 252-207-1147 or email: firstname.lastname@example.org