November 2, 2026

The Financial News

The Financial News

Tourism is hurting affordability in NC’s Outer Banks | Priced Out in America


North Carolina’s Outer Banks are a vacation destination, but locals are increasingly getting priced out in favor of tourists. Down the road in Rocky Mount, locals are struggling after tobacco fields and textile factories no longer underpin the economy.

CNN Anchor and Chief Domestic Correspondent Phil Mattingly heads to North Carolina’s recently redrawn 1st Congressional District, where he talks with Americans who worked hard and played by the rules, but are still having trouble getting by.

0:00 Two ends of North Carolina’s newly redrawn First Congressional District
0:18 Locals priced out of Outer Banks by vacationers
2:10 How COVID upended the Outer Banks housing market
3:01 150 miles west, Rocky Mount’s economy is struggling as well
4:30 With insulin in the fridge, NC woman’s power was cut off

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#Affordability #NorthCarolina #News


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