Insurance Commissioner denies companies' request for homeowners' rate increase

Insurance Commissioner Wayne Goodwin has ordered a zero percent statewide overall average change in homeowners' insurance rates, effective June 1, 2015.

The good news for folks on the Outer Banks is that, while rates went up for other areas of the state, we will actually see an overall decrease here.  The beach areas of Dare, Currituck, and Hyde counties will have an overall decrease of 9 percent in homeowners insurance rates.  The mainland parts of Dare, Currituck, Hyde and Pamlico counties will have an overall decrease of 8.9 percent.  
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Hatteras Island Real Estate:  A statistical profile of the island

Real estate columnist Tom Hranicka has developed a statistical profile of Hatteras Island that includes a wealth of information, including population, real estate, businesses, visitation, and tax and tourism expenditures.  ....Read more

Hatteras Island Real Estate: Assessed values vs. selling prices

Whenever Dare County revalues properties for tax purposes, a question always arises concerning how closely the newly assessed values reflect actual selling prices. This article by real estate columnist Tom Hranicka provides provide some insights on this popular dialogue.  
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Hatteras Island Real Estate: Property management

If we took all of the rental cottages on Hatteras Island -- around 2,400 -- from the smallest to the largest and made the assumption that the average rental income was in the range of $1,900 per week for 21 weeks each year, you can easily see that rental homes are a major contributor to the island’s economy. In addition, rental income makes it financially affordable for many families to realize their dreams of owning a home on Hatteras Island.

Somewhere in the course of talking with prospective buyers, real estate brokers are usually   asked about the property management process and how it works. ....Read more

Hatteras Island Real Estate:  The rising sea level debate

Real estate columnist Tom Hranicka writes that the issue of rising sea level is shaping up to be a classic debate between those who worship at the altar of science vs. those with practical day to day business and personal interests and concerns. In this column, he takes a look at where we are now in the debate and how we got here.
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