Classic Real Estate

Interest Rates Still at Record Lows

2011-11-17T10:50:00.000-08:00

Fixed mortgage interest rates continue to hover at record lows and below. Interest rates had fallen further once the Federal Reserve said it would shuffle its holdings to drive down long-term interest rates.

Average interest rates on a 30-year, fixed-rate mortgage edged up slightly higher to 4 percent this week, but remained at 60-year lows, according to Freddie Mac. An average 15-year fixed-rate mortgage also slightly increased this week to 3.31 percent this week, down from last week's 3.3 percent.

A drop in mortgage rates could provide some help to the economy if more people would refinance. When people refinance at lower rates, they pay less interest on their loans and have more money to spend, thus boosting the economy overall. Many people don’t realize that 100% of their refinancing (closing) costs can be wrapped back into the new loan.

Many homeowners with good jobs and stable finances have already refinanced in the past year. Last year at this time, the 30-year, fixed-rate averaged at 4.39 percent. Freddie Mac spokesman Chad Wandler said the recent interest rates haven't been so low for at least 60 years since long-term rates began being recorded.

There’s just no good reason not to purchase one of the Hilton Head Plantation villas available at this time. Hilton Head Plantation villas are surrounded by an abundance of amazing natural beauty, championship golf courses, and the vast Atlantic Ocean. It’s a wonderful place to raise a family, a wonderful place to live.

Palmetto Dunes villas

2011-07-10T14:56:00.000-07:00

I don't think many people would argue about Palmetto Dunes being one of the finest resort destinations in the world. It truly is the jewel in the crown of Hilton Head Island. If you're looking for real estate you need to take a look at the Palmetto Dunes villas. There are over 2,000 acres, three miles of beach, an 11-mile lagoon system, 3 world-class golf courses, an award-winning tennis center and more. We went there to look at property and Palmetto Dunes really is an unforgettable experience. Lovely homes dot the plantation and there are beach rentals for every taste.

Perhaps you like to walk the beach, kayak, canoe, ride bikes or fish. It's all here for you when you're in Palmetto Dunes villas. Should you be in the mood to shop or dine, there are a multitude of boutiques, specialty shops, malls, bistros, and fine restaurants. During the summer, there are fireworks each Tuesday night, along with seasonal entertainment for families. Come check it out!

The Greens Hilton Head

2011-07-10T11:23:00.000-07:00

We discovered some beautiful townhomes on the south end of Hilton Head Island. The Greens Hilton Head are very close to the beach. These 1, 2, and 3 bedroom villas are located across the street from the Crowne Plaza Resort. Being a homeowner here we'd be able to belong to the new oceanfront beach club and have direct beach access as well as golf, tennis and miles of leisure trails. There's also three 9-hole golf courses on the Plantation these reside on so golfing is practically right outside the front door! That alone was what sold me on them but my spouse liked the price range ($179k - $549k). If you're in the area give a look at The Greens Hilton Head while you're there.

Jersey Shore real estate

2011-05-23T13:55:00.000-07:00

If you're looking for Jersey Shore real estate you need to check out McCann Realtors. They've been extremely helpful and personable to everyone in my family any time we are looking to purchase property and with a family as large as mine, that's rather frequently.

It's still a great time to purchase Jersey Shore real estate because the prices are still low as are the interest rates. If you've never considered owning investment property before you might just want to take a few minutes and think that over. You can buy a house, condo or villa now while the prices are so low and rent it out 50 weeks out of the year. Use it for your own vacation housing the remaining 2 weeks. The rent you make each month will far exceed the amount of your monthly mortgage payment so you'll have it paid off in a fraction of the time plus be socking away money at the same time.

Remember, when the market begins to heat up again the only place the prices of real estate is going is up. Buy now while they're still low and your property will appreciate in value quite a bit.

Puerto Plata real estate

2011-05-18T15:21:00.000-07:00

Have you ever been to Puerto Plata, one of the five charming towns that make up the Dominican Republic? It's just awesome there — so laid back and stress-free. This north coast is also home to Cabarete, Cabrera Samana and Sosua. If you're looking for Puerto Plata real estate the professionals at West Indies Real Estate can give you helpful information on buying investment property in the area or a place to call "home".

This exquisite property is a luxury villa located in one of the best areas of Puerto Plata. Just a few minutes away from the center of town this Puerto Plata real estate is close to shops and restaurants but in a very quiet area. The two-story villa, in a gated community, sits upon a spacious property. There is a beautifully landscaped, walled garden with exotic plants, a swimming pool and a sitting area. Contact West Indies Real Estate for more information about this property.

Callawassie Island foreclosures

2011-05-03T14:31:00.000-07:00

Callawassie Island foreclosures have been few in this carefully planned sea island gated community, located in the heart of South Carolina’s Lowcountry. Prestigious and private, it is an equity-owned golf and country club community and owners pay separately for golf and social memberships. When selling a property, these owners recoup 80% of those memberships.

Distinctive homes, golf cottages and home sites are woven into the secluded landscape, which is surrounded by three bodies of water. The developers, architects and builders of Callawassie Island real estate are serious about preserving its natural setting. From its inception in 1985, Callawassie has been very appealing to buyers—world class amenities combined with a fortunate location have served to make this community a much-desires and much-loved island on which to live.

Ocean Isle Beach was GREAT!

2010-11-30T16:42:00.001-08:00

There's never been a greater time to

take a trip to Ocean Isle Beach than now because the weather continues to be warm, but the vacation rental rates have cooled

way down. OIB lends a

wonderful beach that's not crowded and allows for walks, beach combing, shelling and more. These Ocean Isle Beach winter rentals offer all

of the first rate accommodations you'll need, but at great rates.

Ocean Isle Beach rentals

This is why we are going with Myrtle Beach SC house rentals

2009-11-27T19:57:00.001-08:00

What would be better than renting a Myrtle Beach Condo? Purchasing a Myrtle Beach Condos For Sale of course! Imagine having your own condo to visit or live whenever you wanted. You get all the amenities of Myrtle Beach such as first class entertainment, dining, shopping, shows, and anything you can imagine. It doesn't get any better than that!