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Homes Sales Soar On North Carolina's Outer Banks

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Home sales on North Carolina’s Outer Banks are booming in the wake of the coronavirus pandemic and low interest rates. The Virginian-Pilot reported Wednesday that homes and lot sales from Corolla to Ocracoke reached $1.18 billion through October. That’s the most since the all-time record of $1.5 billion set in 2005. Dan Sutherland, director of multiple listing services for the Outer Banks Association of Realtors, said that sales will likely pass $1.6 billion and set a new record. Tourists have flocked to the Outer Banks for its lack of density and open spaces. More people are working from, while the slow economy has lowered interest rates and boosted homes sales.

Jared Brumbaugh is the Assistant General Manager for Public Radio East. An Eastern North Carolina native, Jared began his professional public radio career at Public Radio East while he was a student at Craven Community College earning his degree in Electronics Engineering Technology. During his 15+ years at Public Radio East, he has served as an award-winning journalist, producer, and on-air host. When not at the station, Jared enjoys hiking, traveling, and honing his culinary skills.