Hilton Head Update

By
Real Estate Agent with The Alliance Group Realty

GREETINGS FROM SHIPYARD !: The fortunate few to visit our Island over the past few weeks have enjoyed the splendid weather, quiet beaches, golf courses and bike paths. Now with the Holiday's upon us we begin a season of giving thanks for among other things the oportunity to call Hilton Head home, family and friends. We want to offer our sincerest thanks for all we take for granted most of the year. We hope you have a wonderful Thanksgiving with those you love.

INTEREST RATES : The President has signed into law an extension of the $8,000 1st time homebuyer tax credit for those who have not owned a home in the past 3 years and added a $6,500 tax credit for those who have owned a home for the past 5 yers and wish to make a move. If you have questions or know someone who wants to take advantage of either of these programs, please let us know, we're happy to be of service. Interest rates continue to hold steady (5% range +/-) as does the Prime Rate which gives some measure of hope for those with mortgages (and credit card rates) tied to the Prime.

VILLA & HOME SALES ACTIVITY  : The aftershocks and over corrections from past lending and credit abuses continues to have an impact on mortgage availability and buyer credit worthiness in the Conventional, Jumbo and Villa markets. Some potential buyers consider investments in the stock market and gold futures more desireable than real estate. Overall sales activity is what we consider to be normal 2009 seasonal activity. All that being said average price of sold homes and villas in Shipyard continue to drift down and should contiue that trend through mid-2010.

What's HOT? What's NOT! :  Click on www.TeamFanning.com for the complete list of foreclosures, short sales and entire MLS inventory.

If you, or someone you know, have been thinking of selling or are interested in knowing more about the best values in the Hilton Head- Bluffton- Sun City area, click on www.HomeValuesinHiltonHead-Bluffton.com for a Market Snapshot of available properties, recent sales,  FREE Community and School Reports all emailed directly to you in minutes!

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