Interest rates have hit new lows. We're now back to mid-1950's mortgage rates! As a Realtor now for 35 years, I've never seen anything like this. You can now borrow up to $417K at 4.375%!! And you can borrow up to about $1.0M at 5.625% ... and these are 30 year fixed rate mortgages!!! We sold three homes two weekends ago, partly because buyers are taking advantage of these historic rates. Their other motivation is an approximate 40% drop in real estate prices.
If you don't buy real estate in the Hilton Head Island and Bluffton, SC, area ... buy somewhere. You're getting discount upon discount. It may never get better than this!