OBX Real Estate

There is an interesting article in the NYT with regards to the sale of luxury goods.  High end retailers like Nordstrom, Neiman Marcus, Mercedes-Benz and more are seeing a rapid increase in sales.  The article goes on to say, Even with the economy in a funk and many Americans pulling back on spending, the rich are again buying designer clothing, luxury cars and about anything that catches their fancy. 

How this spending by the rich will translate to real estate on the Outer Banks is yet, to be seen.  Perhaps, we will see a push towards luxury homes during the Fall buying season.