Hilton Head Real Estate Blog

According to Freddie Mac’s CEO: 

Housing Is Near Bottom
The inventory of foreclosed houses still hampers the recovery of the housing sector, but overall, the U.S. housing market appears to be at or near bottom, Freddie Mac CEO Charles Haldeman told the Detroit Economic Club on Tuesday.

He predicted that the 30-year fixed mortgage rate would remain between 5 percent and 6 percent through 2010.

“The big downside risk to all this is a large wave of homes now in foreclosure potentially hitting the market at prices that are destructive,” Haldeman said.

Source: Reuters News, Soyoung Kim (01/26/2010)

We have seen Hilton Head Islands inventory decrees conciderably in the past three months. There are many that are taking advantage of  bottom pricing and historically low interest rates. 

If you are still on the fence as when to buy, Now is the time! Before the best valued, location and condition properties are taken by the prudent.  

 Feel free to contact me for further Island information.

        All my best to you,

           Jim Keillor

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Posted by James Keillor in Real Estate |