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Census Bureau: Most U.S. “vacant” housing is seasonal housing

May 31st, 2023  · Real Estate
Census Bureau: Most U.S. “vacant” housing is seasonal housing

By Evan Brassell, U.S. Census Bureau When many people think of vacant homes, they think of houses or apartments on the market for sale or rent. But the largest category of vacant housing in the United States is classified as “seasonal, recreational or occasional use,” commonly referred to as seasonal units.  These vacant structures cover…Read More from Census Bureau: Most U.S. “vacant” housing is seasonal housing

U.S. Supreme Court strikes down EPA’s wetlands definition

May 28th, 2023  · Real Estate
U.S. Supreme Court strikes down EPA’s wetlands definition

The Supreme Court ruled Thursday against the Environmental Protection Agency in a longstanding case that will narrow what defines a wetland. In a 5-4 decision, the nation’s highest court ruled that the definition, “waters of the United States,” or WOTUS, applies only to wetlands that have “continuous surface connection.” The ruling ends a more-than-15-year battle brought…Read More from U.S. Supreme Court strikes down EPA’s wetlands definition

Data from U.S. Census Bureau shows renters found a new place in less than a month

May 25th, 2023  · Real Estate
Data from U.S. Census Bureau shows renters found a new place in less than a month

By Alex Rhodes and Kevin Bragdon, U.S. Census Bureau House hunting has been a rather quick endeavor for most U.S. renters. Over half (58.5%) who moved between 2019 and 2021 found a new place to live in less than a month. The recently released 2021 American Housing Survey (AHS) shows how those who moved into rental units…Read More from Data from U.S. Census Bureau shows renters found a new place in less than a month

VIDEO: Home elevation projects in Dare County funded by FEMA grant program

May 24th, 2023  · Multimedia  · Real Estate
VIDEO: Home elevation projects in Dare County funded by FEMA grant program

Dare County has released a new video that highlights a series of house elevations that are currently underway thanks to funding from FEMA’s Hazard Mitigation Grant Program, which provides funding for the elevation of flood-prone structures in order to prevent or reduce flood losses. In August 2021, Dare County received a FEMA Hazard Mitigation Assistance…Read More from VIDEO: Home elevation projects in Dare County funded by FEMA grant program

N.C. Real Estate Commission reminds brokers to beware when managing vacation rental purchase transaction

May 19th, 2023  · Real Estate
N.C. Real Estate Commission reminds brokers to beware when managing vacation rental purchase transaction

By Fred Moreno – Chief Deputy Legal Counsel, North Carolina Real Estate Commission Have you acted as a broker in a transaction where the subject property was being leased? If so, you may have learned that North Carolina has two different sets of laws relating to rental property, one pertaining to long-term rentals (Chapter 42), and the…Read More from N.C. Real Estate Commission reminds brokers to beware when managing vacation rental purchase transaction

State, insurance industry reach settlement on rate hikes for mobile homes

May 18th, 2023  · Real Estate
State, insurance industry reach settlement on rate hikes for mobile homes

Following a request that would have significantly raised rates charged to cover mobile homes across North Carolina, state Insurance Commissioner Mike Causey has announced a settlement has been reached that will still lead to policies costing more starting this fall. The North Carolina Rate Bureau, which represents companies writing insurance policies in the state, had…Read More from State, insurance industry reach settlement on rate hikes for mobile homes

Threatened Outer Banks oceanfront structures interagency work group to discuss insurance’s role

May 17th, 2023  · Real Estate
Threatened Outer Banks oceanfront structures interagency work group to discuss insurance’s role

The threatened oceanfront structures interagency work group is set to meet at 9 a.m. May 24 to discuss the role of public and private insurance with erosion-threatened structures. The North Carolina Department of Environmental Quality’s Division of Coastal Management and Cape Hatteras National Seashore officials are hosting the meeting to be held via web conference….Read More from Threatened Outer Banks oceanfront structures interagency work group to discuss insurance’s role

Commentary: Buying out threatened Rodanthe oceanfront homes is not a crazy idea

May 15th, 2023  · Commentary  · Real Estate
Commentary: Buying out threatened Rodanthe oceanfront homes is not a crazy idea

Dr. Rob Young, director of the Western Carolina University/Duke University Program for the Study of Developed Shorelines, compares the costs of a possible buyout of 80 highly exposed properties in Rodanthe to the costs of beach nourishment, which could be triple that amount over 15 years. Originally published by CoastalReview.org The oceanfront shoreline of Rodanthe…Read More from Commentary: Buying out threatened Rodanthe oceanfront homes is not a crazy idea

Surf or Sound Realty opens new office in Hatteras village

May 11th, 2023  · Real Estate
Surf or Sound Realty opens new office in Hatteras village

Surf or Sound Realty announces the opening of its third office on Hatteras Island. The new office, located in the heart of Hatteras, will serve homeowners, guests, and the Hatteras Island community. The office opening coincides with the company’s 45th anniversary of providing premier property management services and real estate sales exclusively on Hatteras Island. With…Read More from Surf or Sound Realty opens new office in Hatteras village

Coastal Review: Coastal Resources Commission approves septic rule changes, flood disclosure

May 3rd, 2023  · GOV  · Real Estate
Coastal Review: Coastal Resources Commission approves septic rule changes, flood disclosure

Advocates say would-be homebuyers and current oceanfront property owners in North Carolina have long needed clearer rules and updated information as climate change increases the risks of damage and flooding. Two unrelated, but long-sought actions taken last week by the North Carolina Coastal Resources Commission seek to clarify two persistent issues: septic systems on the…Read More from Coastal Review: Coastal Resources Commission approves septic rule changes, flood disclosure

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Real Estate May 31st, 2023

Census Bureau: Most U.S. “vacant” housing is seasonal housing

By Evan Brassell, U.S. Census Bureau When many people think of vacant homes, they think of houses or apartments on the market for sale or rent. But the largest category of vacant housing in the United States is classified as “seasonal, recreational or occasional use,” commonly referred to as seasonal units.  These vacant structures cover…Read More from Census Bureau: Most U.S. “vacant” housing is seasonal housing

Image
Real Estate May 28th, 2023

U.S. Supreme Court strikes down EPA’s wetlands definition

The Supreme Court ruled Thursday against the Environmental Protection Agency in a longstanding case that will narrow what defines a wetland. In a 5-4 decision, the nation’s highest court ruled that the definition, “waters of the United States,” or WOTUS, applies only to wetlands that have “continuous surface connection.” The ruling ends a more-than-15-year battle brought…Read More from U.S. Supreme Court strikes down EPA’s wetlands definition

Image
Real Estate May 25th, 2023

Data from U.S. Census Bureau shows renters found a new place in less than a month

By Alex Rhodes and Kevin Bragdon, U.S. Census Bureau House hunting has been a rather quick endeavor for most U.S. renters. Over half (58.5%) who moved between 2019 and 2021 found a new place to live in less than a month. The recently released 2021 American Housing Survey (AHS) shows how those who moved into rental units…Read More from Data from U.S. Census Bureau shows renters found a new place in less than a month

Image
Multimedia Real Estate May 24th, 2023

VIDEO: Home elevation projects in Dare County funded by FEMA grant program

Dare County has released a new video that highlights a series of house elevations that are currently underway thanks to funding from FEMA’s Hazard Mitigation Grant Program, which provides funding for the elevation of flood-prone structures in order to prevent or reduce flood losses. In August 2021, Dare County received a FEMA Hazard Mitigation Assistance…Read More from VIDEO: Home elevation projects in Dare County funded by FEMA grant program

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Real Estate May 19th, 2023

N.C. Real Estate Commission reminds brokers to beware when managing vacation rental purchase transaction

By Fred Moreno – Chief Deputy Legal Counsel, North Carolina Real Estate Commission Have you acted as a broker in a transaction where the subject property was being leased? If so, you may have learned that North Carolina has two different sets of laws relating to rental property, one pertaining to long-term rentals (Chapter 42), and the…Read More from N.C. Real Estate Commission reminds brokers to beware when managing vacation rental purchase transaction

Image
Real Estate May 18th, 2023

State, insurance industry reach settlement on rate hikes for mobile homes

Following a request that would have significantly raised rates charged to cover mobile homes across North Carolina, state Insurance Commissioner Mike Causey has announced a settlement has been reached that will still lead to policies costing more starting this fall. The North Carolina Rate Bureau, which represents companies writing insurance policies in the state, had…Read More from State, insurance industry reach settlement on rate hikes for mobile homes

Image
Real Estate May 17th, 2023

Threatened Outer Banks oceanfront structures interagency work group to discuss insurance’s role

The threatened oceanfront structures interagency work group is set to meet at 9 a.m. May 24 to discuss the role of public and private insurance with erosion-threatened structures. The North Carolina Department of Environmental Quality’s Division of Coastal Management and Cape Hatteras National Seashore officials are hosting the meeting to be held via web conference….Read More from Threatened Outer Banks oceanfront structures interagency work group to discuss insurance’s role

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Commentary Real Estate May 15th, 2023

Commentary: Buying out threatened Rodanthe oceanfront homes is not a crazy idea

Dr. Rob Young, director of the Western Carolina University/Duke University Program for the Study of Developed Shorelines, compares the costs of a possible buyout of 80 highly exposed properties in Rodanthe to the costs of beach nourishment, which could be triple that amount over 15 years. Originally published by CoastalReview.org The oceanfront shoreline of Rodanthe…Read More from Commentary: Buying out threatened Rodanthe oceanfront homes is not a crazy idea

Image
Real Estate May 11th, 2023

Surf or Sound Realty opens new office in Hatteras village

Surf or Sound Realty announces the opening of its third office on Hatteras Island. The new office, located in the heart of Hatteras, will serve homeowners, guests, and the Hatteras Island community. The office opening coincides with the company’s 45th anniversary of providing premier property management services and real estate sales exclusively on Hatteras Island. With…Read More from Surf or Sound Realty opens new office in Hatteras village

Image
GOV Real Estate May 3rd, 2023

Coastal Review: Coastal Resources Commission approves septic rule changes, flood disclosure

Advocates say would-be homebuyers and current oceanfront property owners in North Carolina have long needed clearer rules and updated information as climate change increases the risks of damage and flooding. Two unrelated, but long-sought actions taken last week by the North Carolina Coastal Resources Commission seek to clarify two persistent issues: septic systems on the…Read More from Coastal Review: Coastal Resources Commission approves septic rule changes, flood disclosure