Jd

House prices in Duck and Southern Shores have not come down much and still have much more room for correction to the once assumed 10%/year appreciation of value to the pre-bubble prices. This is most likely due to the lack of homes/lots for sale in these areas as well as the lack of foreclosed properties here. Your best bet for a bargain investment is most likely in Kill Devil Hills. There are tons of homes available and the prices there have dropped significantly to their pre-bubble prices and even lower. With this recession looking more like an "L" shaped depression than a "U" shaped recession home prices will most likely continute to plummet and there will be great deals in the next year or so. Continue to watch the stock market b/c, historically, that normally rebounds before the housing market. In either case, 2005 & 2006 prices will probably not be seen for at least another 5 years. - Wed Apr 15 2009, 07:52

dare county has a 17% unemployement rate and counting so be prepared to work hard for little money. house prices are still fairly high compared with the rest of the country so expect it to consume most of your paycheck. if you are comfortable with saving very little for retirement and banking on the value of your house to get you into retirement, then i would suggest moving here, otherwise, i would stay where you can find employment. sad but true. - Thu Apr 2 2009, 08:52