From Wobx.com The public comment period ends Friday on a proposed hike in policies that cover rental properties, and could lead to an increase of more than 75 percent on new and renewing wind and hail policies for vacation homes on the Outer Banks. Only nine months ago, the North Carolina Rate Bureau was granted [...] Real Estate |  Full Article

From Wobx.com Less than eight months after reaching a settlement that raised insurance rates by a statewide average of nearly 10 percent on rental properties, the North Carolina Rate Bureau has asked again to increase the cost of new and renewing policies starting next June by more than half. The N.C. Department of Insurance announced [...] Real Estate |  Full Article

The rates charged by the Dare County Water Department for water connection and water system development fees will soon increase, following an evaluation conducted by Raftelis Financial Consultants. The purpose of the evaluation was to examine Dare County’s water connection fee—which is the cost to install a meter in the ground and connect it to [...] Real Estate |  Full Article

It’s hot outside, and after the first half of 2023 saw the housing market cool off a bit, it’s heating up again. There are only 74 residential properties for sale on all of Hatteras Island right now, as homeowners wrap up the summer rental season and start considering whether to list their houses for sale [...] Real Estate |  Full Article

From Wobx.com Outer Banks Realtor and attorney Jeffery J. Malarney was elected chair of the North Carolina Real Estate Commission at the panel’s June meeting in Raleigh. This will be Malarney’s second term as chair of the commission that sets rules, regulations and enforcement standards in the state’s real estate industry. The resident of Wanchese [...] Real Estate |  Full Article

The Outer Bank Association of REALTORS® (OBAR) has announced the recipients of its annual scholarships for graduating seniors from Currituck and Dare Counties and Ocracoke. Eight students were selected to receive $1,500 each from OBAR’s Scholarship Fund held with the Outer Banks Community Foundation. The scholarship winners are: Tyler Babcock, JP Knapp Early College Tatum [...] Real Estate |  Full Article

The Dare County Board of Commissioners will hold a public hearing at 5 p.m. on Wednesday, May 17, 2023, for a proposed amendment to the county’s Cluster Home Development Ordinance. The public hearing will take place at the commissioners’ meeting room at the Dare County Administration Building, which is located at 954 Marshall C. Collins [...] Real Estate |  Full Article

From Wobx.com Join the Outer Banks Visitors Bureau on Wednesday, April 26, 2023, at 2:30 p.m. for a timely and informative webinar as they delve into the upcoming summer forecast for vacation rentals in Dare County. Whether you’re a seasoned vacation rental professional or new to the industry, this 30-minute webinar will provide valuable insights [...] Real Estate |  Full Article