As someone who’s spent nearly two decades helping clients buy and sell in Carova’s unique coastal market, I’ve seen firsthand how today’s higher mortgage rates are creating a real pause for both buyers and sellers. Monthly payments have become harder to justify for many folks, leading some buyers to put their search on hold. At the same time, pending sales are losing steam—fewer people are moving from browsing to making offers. On the flip side, homeowners with low-rate mortgages are understandably hesitant to give up those favorable terms, so we’re seeing fewer new listings hit the market. The result is a housing stalemate: buyers are waiting for better payment options, sellers are holding tight to their current rates, and overall activity remains unusually slow. Navigating this unique Outer Banks landscape takes local insight and a tailored approach, which is exactly what I bring to the table for my clients.
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