May 2012

There are 4 blog entries for May 2012.

Low rates and high inventory level out to one thing: investors looking to purchase property have an opportunity that hasn’t been seen in years, if not decades.

According to Freddie Mac’s Weekly Primary Mortgage Market Survey, found at http://www.freddiemac.com/pmms, rates dipped again last week for the fifth week in a row. A 30-year fixed mortgage is 3.75 percent. Compared to 3.78 last week and 4.60 percent last year. This new figure represents a substantial savings for potential homeowners.

Rates have been below the 4-percent mark since December, and this new 30-year fixed rate is the lowest since long-term mortgages began in the 1950s.

The weekly decline, as many analysts and experts say, is in great part due to the result of Europe’s unstable

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This Spring, the real estate market along Scenic Highway 30A, home to upscale planned communities such as WaterColor, WaterSound, Seaside, Rosemary Beach and Alys Beach, has been heating up.

Following are some interesting sales statistics covering a 30-day period, ending on May 22, that Latitude Resort Properties recently complied from the Emerald Coast Association of Realtors Multiple Listing Service. If you are looking to buy, or considering selling, this data can be quite useful.

Highway 30A Homes: Homes sold = 59 Low price = $140,000 High price = $2,850,000 Average price = $658,023 Average price per square foot = $276 Average days on market = 212 Homes on average sold for 6.9 percent less than the asking price. Currently there…
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How low can you go? Mortgage rates hit new records … again

Another week and another announcement from Freddie Mac stating fixed mortgage rates have hit the lowest level since the mortgage capital lending giant began tracking rates since 1971. 

Taking a quick look at the May 17 findings of the company’s Weekly Primary Mortgage Market Survey, the average rate for 30-year fixed mortgages is at 3.79 percent, down from 3.83 percent last week. And 15-year fixed mortgages took a slight dip to 3.04 percent from 3.05 percent last week.   This dip is, undoubtedly, a reaction to the instability of the Euro zone debt crisis, according to Freddie Mac, as well as other analysts. Many individual investors see this series of lows as the height of opportunity…
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How low can you go? That’s always the goal when researching mortgage rates for a new-home purchase. And for those considering buying a home in the immediate future, today brought encouraging news that is encouraging by any measure: 30-year rates hit a record low, according to a report by Freddie Mac.

CNN Money just published a story about the announcement, with a related article listing six ways to get a great mortgage deal. http://money.cnn.com/2012/05/03/real_estate/mortgage-rates/index.htm

With some experts reporting Florida’s real estate market has reached it’s bottom, (and we have seen some evidence of this possibility in our area) and these new rates, now could be the pivotal and perfect time to consider investing in Emerald Coast real estate. 



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