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Pending Sales Rise

WASHINGTON – After months of stagnant activity, pending home sales rose in March, marking the first gain in the past nine months, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 3.4 percent to 97.4 from an upwardly revised 94.2 in February, but is 7.9 percent below March 2013 when it was 105.7. Lawrence Yun, NAR chief economist, said a gain was inevitable. “After a dismal winter, more buyers got an opportunity to look at homes last month and are beginning to make contract offers,” he sa... Read More

Luxury Returns to Housing

DAILY REAL ESTATE NEWS | Following the recent recession, interest in large and expensive homes dropped dramatically as home buyers showed preferences for smaller, more affordable homes. But house hunters are being attracted to luxury home features once again, as the affluent buyer steps back into the market. In July 2013, sales of homes costing more than $1 million rose 46.6 percent from the previous July. “The housing market is being driven by the move-up buyer, the luxury buyer,” Brad Hunter, chief economist and director of consulting at Metrostudy, told The New York Times. “And th... Read More

Mortgage Debt Cancellation Tax Relief

NAR Issue Brief Mortgage Debt Cancellation Tax Relief The United States Senate Finance Committee agreed to a bipartisan bill to reinstate close to 50 tax provisions that expired at the end of 2013. Among the real estate provisions included in the “extenders” package are tax relief for mortgage debt forgiveness, 15-year cost recovery for qualified leasehold improvements, election to expense certain qualified real property, and deduction for energy efficient commercial buildings. All of these provisions are retroactively extended to cover a period from January 1, 2014 to December ... Read More

Vacation Home Sales Surge

Vacation Home Sales Surge in 2013, Investment Property Declines Media Contact: Walter Molony / 202-383-1177 / Email WASHINGTON (April 2, 2013) – Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of Realtors®. NAR’s 2014 Investment and Vacation Home Buyers Survey,* covering existing- and new-home transactions in 2013, shows vacation-home sales jumped 29.7 percent to an estimated 717,000 last year from 553,000 in 2012. Investment-home sales fell 8.5 percent to an... Read More

Why Coastal?

When a property is listed with The Coastal Living Real Estate Group we launch an extraordinary marketing campaign. Our 2014 marketing exposure, has expanded to multiple networks targeting a global scope, to unite buyers with sellers. At the center of our marketing strategy we position digital photography and videography to engage our online audience. Read More

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Coastal Living Real Estate Group is committed to honoring and protecting your privacy as you visit our web site. A visitor may visit this site without identifying his or herself, or offering any personal information. The Contact Us page requires you to give your name, email or address so we can contact you regarding our listings or resources. We will use this information to send updated information on our listings. E-mail addresses will not be sold or leased. The news posts and information are used to enhance the web visitor’s experience when using this website. We display sellers con... Read More

Fair Housing Pledge

The Coastal Living Real Estate Group is committed to following the fair housing law, which includes: Providing equal professional service to all, without regard to race, color, religion, sex, handicap, familial status, national origin or other protected status of any prospective client, customer or resident of any community; Keeping informed about fair housing laws and practices, thereby expanding upon our customers’ and clients’ opportunities; Demonstrating through advertising and the media that everyone is welcome and no one is excluded; Informing our clients and customers ab... Read More

Website Disclaimer

The Coastal Living Real Estate Team recommends that buyers, sellers and renters of real estate consult the appropriate professionals for legal and other specialized advice. All Information contained in this site is believed accurate but is not warranted. The material in this site is based upon information that we consider reliable, but because third parties have supplied part or all of it, we cannot represent that it is accurate or complete, and it should not be relied upon as such. These offerings are subject to errors, omissions, and change of price or withdrawal without notice. By access... Read More