Friday, October 14, 2011

Mortgages

No one wants to talk about borrowing now after the problems the last 4 years.  But the rates are at an all-time low and even if you are not buying, you may want to consider re-financing.  This is a link to some current numbers.  Personally, I do not see real significant changes for the next 12 months but the combination of low housing prices and low rates make this a good market to consider.

http://www.housingwire.com/2011/10/12/mba-mortgage-applications-increase-1-3?utm_source=feedburner&utm_medium=twitter&utm_campaign=beta&utm_content=Real+Estate+News&utm_term=Charlotte+Real+Estate

I promised some more sales numbers:
Duval County (without beaches) 2010 1/1 - 9/30 =6,178  2011 = 5,797 or a drop of 6.2%
Jacksonville Beaches 2010 = 457  2011 = 464  +1.5%
Nassau County 2010 = 282  2011 = 305  +8.2%

"So much of what we call management consists in making it difficult for people to work"
   Peter Drucker

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