T
he Dare Community Housing Task Force is thrilled to announce a groundbreaking research initiative, led by East Carolina University's Dr. Misun Hur and Dr. Emily P. Yeager. This ambitious project aims to tackle the complex issue of workforce housing in Dare County through a comprehensive survey.
Residents, workers, and property owners are invited to share their perspectives on various housing-related topics and potential development scenarios. The survey is designed to be brief and confidential, with responses used solely for data-driven solutions by the ECU research team.
To participate, click here and complete the survey by April 1st, 2025. For more information about the Dare Community Housing Task Force, visit DareNC.gov/Housing or contact Chair Donna Creef at [email protected].
Meanwhile, property owners in Dare County can expect a significant boost in real estate values when revaluation notices are mailed out later this month. According to Tax Assessor Hosea Wilson, the overall countywide change is estimated to be 67%, increasing from $16.4 billion to over $27.5 billion.
East Carolina University and the Dare Community Housing Task Force are hosting open house sessions on Hatteras Island to gather community feedback on workforce housing. Residents can drop by anytime during these sessions to share their thoughts and insights.
The Dare Housing Task Force recently presented its 2024 report, highlighting the challenges of home ownership in Dare County. The discussion sparked a lively debate on how to achieve community buy-in for affordable housing solutions.
In other news, Hatteras Island was the only area that didn't see year-over-year home price appreciation, according to the Outer Banks Association of Realtors' statistical reports. However, sales volume was significantly lower in 2024 compared to previous years.
A settlement between homeowners insurance companies and state regulators has been reached, leading to increased policy costs across northeastern North Carolina and the Outer Banks over the next two years. The North Carolina Rate Bureau will not be allowed to request an increase for the next year.
The Dare Community Housing Task Force has been selected as one of 22 counties in North Carolina to participate in the "Our State, Our Homes" program, led by the University of North Carolina at Chapel Hill's Carolina Across 100 initiative. This innovative program brings together experts and community leaders to tackle the growing challenge of affordable housing.
Vacation property management companies Vacasa and Casago announced a merger that will take the new company private later this year. The combined entity will manage over 969 properties on the Outer Banks, employing 223 people.
The Dare County Tax Department reminds property owners that revaluation is effective starting January 1st, 2025, updating property values to reflect changes in the market. This process is required by North Carolina law and is performed every eight years.
Homeowners in Hyde County affected by Tropical Storm Helene can now apply for grants to elevate their houses above base flood elevation through the Hazard Mitigation Grant Program.
The Dare Community Housing Task Force adopted a final report documenting their research, findings, and recommendations at their December 16th meeting. The report includes statistical information on home values and local salary data, as well as a set of recommendations for 2025.
The Outer Banks Association of REALTORS celebrated its new Board of Directors at the annual REALTOR Ball, marking the official transition of leadership. Christi Bryant was inducted as the 2025 President of OBAR.
