A recent article in Business Week discussing real estate investing, mentions that now is a great time to look into vacation rental homes due to great pricing. 

“If you are in the market for a high-end vacation home, there are tremendous deals out there right now. While certain high-end markets (think Vail or Aspen) have held up well during the recent downturns, most vacation areas have not fared as well and there are deep discounts to be had. “

Great deals can be found throughout the Outer Banks.  Here’s a great source for foreclosures and bank owned homes.