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The average national interest rates from the National Mortgage Information Service show the interest rate remaining low.
1997 - 7.52%
1998 - 6.97%
1999 - 7.22%
2000 - 7.93%
2001 - 6.95%
2002 - 6.48%
2003 - 5.69%
2004 - 5.67%
2005 - ...
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If you are having problems paying your mortgage, there may be help out there.
If:
a) Your FICO score was under 660 when you applied for your mortgage, and it has not improved more than 10% in the meantime.
b) You are current on your payments. Current in this case means, your not more than 30 days behind right now, and you have not been more ...
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The median home price for the Charleston area fell slightly to $200,000 in November, down 2.3%. However the year to date median price was up 1.9% compared to the first 11 months of 2006.
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Here in the Lowcountry, SC, the national housing downturn may not be as bad as other places in the US. This is due, I think, to the constant growth and development. Also, there are dwindling numbers of properties left on which to build an ocean or waterfront homes. This helps the general population of housing ride the downturn and make the market ...
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In a recent article by Lawerence Yun (NAR) a couple of facts struck me as a little strange until I thought about them.
Mr Yun basically said that a homeowner who had invested $10,000 as a downpayment would reap a reward of $110,000 at 5% growth over ten years. While a person who invested $10,000 in stocks and shares would only return $23,600 at ...
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I've now added market statisics to my website (www.langstoneteam.com), at the moment just for the Mount Pleasant, South Carolina area.
If you are interested in any other areas, sub-divisions etc. within the Charleston Trident MLS area, please contact me.
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As reported in the national press, the housing market is in crisis. While some parts of the USA do have problems, generally here in South Carolina things are not bad.
The MLS for the Tri-county area (Charleston, Berekley and Dorchester counties) shows that from 1st January 2007 to 23rd November 2007 the Mount Pleasant area had 4151 new listings ...
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I have now added a free to download, 20 step guide to selling your own home. This handy guide comes with a complimentary Home Market Evaluation.
Click here to go to downloads.
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Well, yes while I believe the housing market is slower, but only compared to the boom era of 2005 and 2006. In the Charleston & Mount Pleasant areas, the market is more reminiscent of the market of 2004, which was not a bad market to be in.
Yes, unfortunately some buyers are going in to foreclosure and some buyers are selling at a ...
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I have been in Real Estate for 5 years now, and have used the internet for advertising listings though the Prudential Carolina website (www.prudentialcarolina.com ). To now have www.langstoneteam.com up and running and have a blog option is new to me. This is my first real post. If you discover this blog, please add it to your blog list. ...
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