Breaking News - Real Estate....

Housing starts up; Building permits up; PENDING Sales up; Credit crunch over; Bottom of real estate market. View The Island's MOST ATTRACTIVE Properties by clicking Here!!!

Best Buyer's Market in 35 Years...

In April of 1973, mortgage rates were about the same as they are today. Since that time, we have only had mortgage rates this low during 2001 and 2002, the height of the seller's markets where there was little inventory. In the last two major buyer's markets, one in the early 1980s and the other in the early 1990s, the rates were much higher. When I started in the business in 1994, interest rates were at 9.5 percent, (and they were at 18 to 21 percent in 1980). In the early 1990s, the rates were hovering in the 11 to 12 percent range. Thus, today's buyer's market, with exceptionally low mortgage rates plus a substantial supply of inventory, is the best time in decades to purchase. View the BEST AVAILABLE Properties by clicking here:
http://www.coastwalkrealestate.com/listings.asp