Today I was talking to the president of one of our local banks. He said as soon as the Federal Reserve believes that the economy has turned, they will boost the rates up rather switftly. With all the money the government is pumping into the system, Bernake is very concerned about inflation. To put the brakes on inflation the prime will rise followed by mortgage rates. He was emphatic that if someone wants to buy real estate anywhere in the country, they should do so now before the rates start rising.
I might add that in the 35 years I've been a Hilton Head real estate broker, I've NEVER seen better deals than we're seeing now. I know it sounds self serving, but if you want to buy (wherever--it doesn't have to be here) now is the time to invest: best deals ever with 1950's interest rates.
In the same way that Americans are beginning to reinvest in the stock market, they are beginning again to buy real estate. Just since December 1st, our team, Rick Turner and Associates, has made an amazing 10 sales! Don't miss out on this super window of opportunity to buy low and finance low. A nice combo, huh!
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