Here’s what we are seeing in the St. George Island existing homes market:
Lower prices are driving sales up, and the inventory is decreasing. Existing home sales are up 57% for January through September 2009, compared to the same period last year. Inventory is 23% lower than it was in September 2008, and the [...]
For the second week in a row, average rates for home loans have stayed below 5%, according to “Freddie Mac” (Federal Home Loan Mortgage Corporation). The average rate on a 30-year fixed rate mortgage was down this week to 4.87% from 4.94% last week. The average rate on a 15-year fixed-rate mortgage dropped to 4.33% [...]
Wondering how in the world our economy got to this point? This video, titled “The Crisis of Credit Visualized”, offers a brief, clearly stated explanation. (click on the title of this blog post entry to reach the active hyperlink to video)
http://www.vimeo.com/3261363
Time is running out for first-time home buyers to take advantage of the $8,000 tax credit set aside for them this year as part of the economic recovery effort. Barring a time extension, people looking to cash in must purchase a home by Nov. 30. Considering it usually takes 30 days to close on a [...]
This weekend, bring the family to St. George Island for a fun family festival, highlighting the area’s proud seafood industry and its beautiful beaches. Named after the term given to baby oysters, the festival will have activities for folks young and old, including a treasure hunt, parade at 11 am, and a 5K run at [...]
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