If there was ever
a time to buy real estate, especially in the Hilton Head Island area, now would
be it. Home prices have dropped by an unprecedented 35- 40% as a result of the recession,
a greater drop than even during the Great Depression. This one fact alone may
make this the best time in the history of the United States to buy a home.
But, now add into
your thinking that mortgage interest rates are at historic lows.
Freddie Mac has
been keeping records of mortgage interest rates in America since 1971. As seen
in the chart above, never in those 41 years have rates been this low. It’s
almost like FREE MONEY!
of rates not seen in most of our lifetimes and a shocking decrease in home
prices has created the total opposite of the Perfect Storm. Fans of the movie
“The Perfect Storm” will remember that an unprecedented combination of factors
created a once-in-a-lifetime storm. In the same way, an unprecedented combination
of factors has created a once-in-a-lifetime “Perfect Climate” to buy real
estate. Many people are taking advantage of this opportunity, with the result
that home prices are starting to rise all across the country.
might now be, “What makes you think Hilton Head Island is one of the better
places to buy?” Excellent question. The reason is that a massive percentage
(42%) of Baby Boomers have indicated that the Southeastern U.S. is where they’d
like to retire. Every day now 10,000 Boomers turn 65 (just two years ago only
3300 people—the Boomers’ parents—were turning 65 each day). The Hilton Head
area is already seeing the effect of this tidal wave of Boomers; the real
estate market here is the hottest in South Carolina and has been for three
Take advantage of this “Perfect
Climate” and purchase a home, villa or lot in the Hilton Head area...before
prices rise even further. Visit our website,
to find properties of interest, and email me
or give us a call at (843) 816-0796 with your questions or to schedule
an appointment. Rick Turner
and Associates – Expect More. Get More.
Rick Turner has been one of the top Realtors in the Hilton Head Island-Bluffton-Beaufort area for over 30 years. He loves being involved in community activities and spending time with his lovely wife. In his free time his wife and he thoroughly relish spending time with their children and grandchildren.
Engel & Volkers Hilton Head Island - Bluffton
this technological globe all is presented on web? Posted on Thursday, February 14th, 2013 at 11:05pm.