As we head into spring there are a few things that are very apparent for the 2022 OBX season. Rents will be strong! Homes are booking quicker and at higher rates than we’ve ever seen! Strong buyer demand and low inventory don’t seem to be going anywhere in 2022.
But what else is happening in 2022 that may not be as positive for the OBX real estate market?
We know interest rates are going up. Talks in December were that rates are certainly going to increase, but estimates were that they may be at 4% by the end of the year for a conforming mortgage. As of last Friday the 30 year fixed rate was...
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