Archive for October, 2010
More good news for Saugatuck Real Estate!
Monday, October 18th, 2010
Mortgage Rates Drop Yet Again to New Lows
By: Carrie Bay 10/14/2010
It’s a limbo contest in the world of mortgage rates, and each week they’re scooting under the bar. The limbo “dance” dates back to the 1950s, and interestingly enough, the last time rates for 30-year fixed mortgages were as low as they are now was in April 1951.
Thirty-year fixed-rate mortgages (FRMs) have been under 5 percent for 23 weeks in a row, according to data gathered by Freddie Mac. This week, the GSE reports that the average 30-year rate fell again to break the survey’s all-time low, hitting 4.19 percent (0.8 point). Last week, it was 4.27 percent.
Good News for Real Estate in Saugatuck Michigan!
Wednesday, October 13th, 2010Economists Say Home Prices Have Already Hit Bottom
By: Carrie Bay 10/12/2010
Home prices in the United States found their floor during the early part of 2010 and are expected to begin trending upward next year, according to a panel of elite economists surveyed by the National Association for Business Economics (NABE) for its October 2010 Outlook.
“The housing recovery is intact, but tepid overall. Home prices have hit bottom,” NABE stated in its report outlining the survey results.
The panel anticipated a 1.5 percent drop in residential home values this year, and that decline has already been registered through the first half of 2010, NABE explained.
Buying a Home as an Investment
Tuesday, October 12th, 2010These days, most of the listed homes for sale in Saugatuck, Douglas, or Glenn are all about building a family future. Savvy buyers know that the market is theirs, and they can bargain for things like better school districts, home improvements, and other amenities that make owning real estate in Michigan great. However, when the Saugatuck real estate market boasts more homes than there are buyers, there’s another advantage: homes for investment opportunities are cheaper and have greater potential than ever before.
Saugatuck real estate, 100 feet of Lake Michigan frontage!
Monday, October 11th, 2010
SAUGATUCK, 100 FEET OF LAKE MICHIGAN BEACH FRONTAGE, AMAZING VIEWS, NO STAIRS TO THE BEACH AND OVER 1 ACRE OF LAND!! You must walk this property to fully appreciate it. Few Lake Michigan home sites have such easy access which require no stairs, just a gradual slope to the wide sandy beach. The grade to the beach is wide and so gradual that you could drive your golf cart down to the sand! It just doesn’t get any better than this! Short term seller financing is a possibility.