Greetings from Shipyard! Now that the Presidential Election is past and we all know who will lead the new administration, we can look forward to the upcoming Holiday's. Believe it or not, last night the Mrs. and I saw Holiday lights on the trees being lit here on Hilton Head. Can Santa be far behind? Let's not too far ahead of ourselves, this being November, let's talk Turkey!
Thanksgiving has always been a major Holiday in our home. As a child, it was a time to gather with my aunt's, uncle's and cousins at Nana and Poppa Fanning's farmhouse in Southampton, NY. I became a father for the 1st time on Thanksgiving and two years later for a 2nd time, as well. It has always been a festive day to gather and give thanks for the blessings we have. This year is no exception. I hope you will be spend time and enjoy the day with those you love.
Financial News Update: This past Tuesday was Election Day and a national clebration of American Democracy. What a priviledge to have the ability to go the polls (6:45AM) and cast a vote. The results were historic and now as President Elect Obama begins to appoint his transition team, the economy remains item #1 for his upcoming administration. It is our hope and prayer that he will assemble a group that will lead the country out of the Recession and stabilize the economy. It is an immense task!
The key will be a Housing Stimulus Package. It was Housing that put us into this mess and Housing will lead us out. We have seen Bank of America and JP Morgan begin to renegotiate mortgages in an attempt to slow foreclosures and begin to stabilize the housing market. Other institutions will need to follow their lead and allow homeowners to stay in their homes and stop the steady decline of home values with foreclosure after foreclosure making everyone see their homes value go down. We would like to see the 1st time buyer tax credit ($7,500) extended to all home purchases, interest rates lowered into the 4.5% range, the increased loan limits made permanent and Washington focused on stabilizing the housing market rather than giving money to Wall Street and Banks who use the money for mergers and acquisitions.
If the housing and mortgage sectors can be stabilized, homeowners will begin to feel more comfortable again and begin to purchase big ticket items and the rest of the economy will begin to recover. For now, we sit and wait.
Hilton Head's real estate market has stabilized- flat lined really and just sits along with the rest of the economy waiting, waiting, just waiting.... I've said it before and will say it again, it's a great time to buy! Home prices have come way down and there is a great selection to choose from. Villas will continue to see pressue on pricing for the foreseeable future.
If you needed to wait until after the election to come down for a getaway, then stop by or give us a call. If your unable to get away and still dream of palmettos and sunsets along the beach, go to our website and search to your hearts content. It's free! We won't ask you to sign anything and we promise not to harrass you, but we are always here to offer you assistance and insight should you need it.
We promise to listen to and focus on your wants and needs.
We serve the Hilton Head-Bluffton-Sun City areas and want to be your Realtor!
Click to search the MLS:
http://www.willyfanning.remax.com
What's happening on Hilton Head? Click Here:
http://www.hiltonhead.com/calendar_index.cfm?subcategoryID=31
Need a lender or have Real Estate questions?
Call me toll free at: 800-964-3928
or
Email me at : Willy@TeamFanning.com
Ask about our Holiday Buyer Incentive!
We're getting in the Holiday Spirit early and offering a super Buyer incentive- ask and yee shall receive.
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