Forbes: Where Home Values Are Falling Fast
As the U.S. government struggles to devise ways to keep struggling homeowners out of foreclosure, there are some parts of the country where the problem is much worse than others.
Forbes magazine used data from Zillow.com to identify cities where homeowners are losing value fastest. Cities like Sacramento, Calif., Phoenix, […]

There are currently 54 properties for sale on Sullivan’s Island, ranging in price from $299,000 for a one bedroom condo to $5,249,000 for a gorgeous oceanfront home on 1.4 acres.  This does not include homes that are for sale by owner, such as the spectacular home at 1851 Ion priced at $5,880,000.   So there’s a […]

This question was posed to one of the writers at the Wall Street Journal, Real Estate section.  Keep reading for June Fletcher’s response:
Q: Given what’s happening in the financial markets, is now a good time to buy a home?
A: For some people, yes. If you…

have access to credit
have fat cash reserves
aren’t already over-exposed to real […]

Mortgage Rates Drop Below 6%
For the first time since early spring, mortgage rates have fallen below the 6-percent threshold.
Freddie Mac reports that 30-year fixed loans came in at an average of 5.93 percent this week, down from 6.35 percent a week ago and 6.31 percent at the same time last year.
A borrower taking […]

As of today, May 5th, there are 576 properties on the market between Isle of Palms, Wild Dunes and Sullivan’s Island.  Nine sales occurred during the month of April 2008. This was an improvement over March, when there weren’t any sales (only contingencies…. properties under contract).
There are all sorts of choices on the market, ranging […]

For those of you that read the “Moultrie News”, you may have seen the Editorial today regarding a second high school.  The Charleston County School District has begun holding a series of meetings to determine if the community thinks a second school is needed.  The “new” Wando High School is at capacity, as the East […]

During the month of January 2008, 72 properties came onto the market, bringing the total number of properties available on Isle of Palms, Sullivan’s Island and Wild Dunes to 519!  If you’re looking to buy an island home, now is the time!!!! Mortgage rates are good, and there are many choices ranging from condos to […]