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financing: Ignore the Masses, Part 318 - 06/24/08 12:48 PM
Bill Lagan walked into my office on Friday, slapped June's Money Magazine down on my desk, and said, "You're gonna love this <expletive deleted>." I knew I was in for something good, since I usually don't have to censor anything Bill says.
Do you remember the Bugs Bunny cartoons from years ago? I'm thinking specifically of Yosemite Sam hopping mad, jumping up and down, his face beet red, smoke coming out of his ears, yelling, "Oooooh, I HATE that rabbit!"
That's exactly how I feel right now about the editors of Money Magazine. And it galls me to think of how … (6 comments)
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financing: You don't have to rent!! - 12/20/07 02:57 PM
Althought the Feds have leveled out the interest rates, the ability to get financed for a home still may be very difficult for some. Programs that existed to help first time homebuyers, or those with bruised or damaged credit, have disappeared -- leaving very few options for those with less than "perfect" credit.
With the availability of so many properties on the market, now is the perfect time to find the home of your dreams at a fair and reasonable price. In some cases, for an absolute steal! But if you're unable to BUY something now, what do you do? You don't want … (0 comments)
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financing: Top 5 Reasons Why It's Time to Buy in Myrtle Beach! - 10/16/07 11:54 AM
1. Location, location, location. In the past, Myrtle Beach buyers had to choose between price vs. location. Today, there is inventory available in every area, in every price range. You can get exactly what you want, where you want it. 2. Selection, selection, selection. There are just over 5,700 resale homes on the market right now, so there are plenty of houses from which to choose. There are lots of options in this market. 3. Make an offer - please! A few years ago when you made an offer, the real question was, how high did you have to be in … (0 comments)
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financing: Look out, Chicken Little... - 09/04/07 07:25 PM
The National Association of Realtors is reporting that home sales for the month of July were down 9% from the same period a year ago. Add to this the recent triple-whammy in the financial press of dismal housing starts, housing permits and mortgage lender meltdowns, and you can guess what we expect to see when the August numbers are released next week. A closer look at the real numbers reveals light at the end of the proverbial tunnel. The Commerce Department reported both housing starts and permits down sharply, but simultaneously, new home sales rose 2.8%. Do the builders see something … (1 comments)
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financing: Lower Interest Rates? - 08/20/07 04:12 PM
Interest rates paid on government-backed three-month Treasury bills dropped more today than in the wake of the September 11th terror attacks, and just under the plunge during the stock market crash of 1987. T-bill yields have been falling for five straight days. Scared investors have been pouring money into the ultra-safe government-backed debt instead of mortgage-backed securities. The three-month T-bill fell 82 basis points (100 basis points equals 1%) to 2.94%, the largest drop since October, 1987, when the T-bill fell 85 basis points on the day the market crashed. By comparison, the T-bill dropped only 39 basis points on September … (1 comments)
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The Entire Team of Price & Company Professionals
Myrtle Beach,
SC
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Price & Company Realty
Address: 1310 Azalea Court, Suites H & J, Myrtle Beach, SC, 29577
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