September 13 - September 24

MMG Update - Tuesday September 14, 2010 9:38am ET

Current Trend Direction:  Stabilizing

Risks favor:  Carefully Floating

Current Price of FNMA 3.5% Bond: $100.12, +28bp

After yesterday's big rally, Mortgage Bonds are moving higher today, despite the better than expected number from Retail Sales. 

Both Stocks and Bonds are battling technical levels…Mortgage Bonds are currently up against a tough level of resistance at their 50-day Moving Average, while Stocks - as measured by the S&P 500 - are fighting to stay above their 200-Day Moving Average.  As you know, Stocks and Bonds tend to move in opposite directions, so the outcome of these tugs-of-war will dictate t...

On Sunday, September 12th, Charleston, SC will be featured in The New York Times.  

From the Post and Courier...

Shaila Dewan, a writer for the New York Times, walks you through a weekend in Charleston and uncovers a handful of adventures that the Lowcountry has to offer.

A version of the online article will appear in print on Sunday, September 12, 2010, on page TR9 of the New York edition.

Home sales plunge 27 pct. to lowest in 15 years

  AP  A home is seen for sale in Springfield, Ill., Monday, Aug. 23, 2010. Tuesday's report from the National 

WASHINGTON Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas.
July's sales fell by more than 27 percent to a seasonally adjusted annual rate of 3.83 million, the National Association of Realtors said Tuesday. It was the largest monthly drop on records dating back to 196...

Charleston shines in new Darius Rucker video

Credit: CMT.com

Darius Rucker new video features Charleston.

Food Network to feature Hominy Grill

Credit: www.hominygrill.com

Hominy Grill's shrimp and grits were just selected as one of America's Best Top 10 regional classics by the Food Network.

Growing firm moves in

Manufacturer of giant hydraulic hammers relocates from Rhode Island to Summerville

By Katy Stech

Maverick Equipment Manufacturing Inc. makes giant hydraulic hammers that heavy-machine operators plunge into the ground, sending ripples through the freshly broken earth.

Right now is one of the best times in our history to buy a home.  Interest rates are at their lowest and so are home prices.  The way to make money in real estate is to buy low and sell high, yet what created the current economic problems is just the opposite-people bought at the top of the market and now are trying to sell at the bottom. We need to reverse this buy buying now and allowing normal appreciation to acrue without expecting to get rich so fast on one transaction! 

http://www.weichertpc.hyperoffice.com/hyperoffice2nd/global/index.cfm?CFID=19043372&CFTOKEN=1a7143117c1bc7c-5D936877-AD2A-36BC-0AA9081C9268FD6F&event=modern.mail.personal.getAttachment&id=104500940&title=DSC01668.JPG

Agent Mackenzie Crabtree wins award for selling a Sabal Home!

Thanks to JEFF DOSS from Bank of America, who sent this to me to pass along.

843-343-5913

jeff.doss@bankofamerica.com

http://mortgage.bankofamerica.com/jeffdoss

The United States Senate has passed the National Flood Insurance Program Extension Act of 2010- an extension of the National Flood Insurance Program until September 30, 2010. This will allow transactions to move forward. The bill is retroactive and covers the lapse pe...

Have Questions or Concerns About What Your New Mortgage Will Look Like?

Whether you need just a quick question answered or to talk to an experienced mortgage professional about your rates changing as you buy or sell, call JEFF DOSS. Or shoot him an email to talk to him...

Click HERE to learn more about Jeff Doss and what he does with Bank of America, as well as us over here at Weichert, Realtors - Palmetto Coast!

TIME IS RUNNING OUT!!!!

The $8,000 tax credit is almost over...Ending on April 30, 2010 so make sure you give us a call so we can help you NOT ONLY find a house of your dreams, but make your wallets a little fatter while we do it!

ARE YOU IN THE MILITARY?

 ~In the Service, members who were on official extended duty outside of the United States for at least 90 days between Jan.1, 2009 and May 1, 2010, may qualify for a one-year extension. See More Details HERE.

If you are NOT in the military, you do still have time to get the $8,000 tax credit. In order to get it, you must have a binding sales contract that is signed by April 30, 2010, and then home buyers have until June 30, 2010 t...

GET READY TO GO GREEN!!! 

Earth Day is a 40 year old holiday...a tradition, if you will. The idea came from U.S. Senator Gaylord Nelson.  April 22 has become the day each year when people from all over the country and across the globe celebrate our Earth & environment, and try to come up with solutions on how to make it better.  We take a good look at how we affect the beautiful World we were put in, both positively & negatively.  

As people living on this earth, as workers, brothers, sisters, & homeowners, we are becoming more and more aware of how much energy we consume. On the 'homeowner' aspect, we see that from the moment our homes are constructed, we are consuming resources and ex...

Let's face it, everyone knows about Charleston, South Carolina. From its historic buildings to the gorgeous beaches, to the horse & carriages that ride through the old school streets of downtown.  It's got that Lowcountry feel...that ole' Southern Charm.  And since I've been living here,  I haven't met a person yet who doesn't absolutely love it!
 
Even though the Real Estate market has taken a very hard hit in the past few years, Charleston still seems to be standing tall.  According to several reputable Real Estate sources including Forbes.com and Southern Living Magazine, Charleston, SC is holding its own in this unpredictable economy...
 
In 2009, Charleston has been rated as one of the T...

    Alot of people are wondering "What is this 1st time Home Buyer's Tax Credit and can I get it"? Well, here are some valuable tips and information about this tax credit that everyone seems to be wondering about...

For the First Time Home Buyer who closed before November 6, 2009: 

    You are eligible for the $7,500 tax credit.  You will have to pay this back, interest free, over the next 15 years.  If you move within the next 15 years, you owe the balance on the day you move. 

For the First Time Home Buyers who closed after November 6, 2009 & had contract signed by April 30, 2010 (must close by June 30, 2010): 

   YES!! You are eligible for the $8,000 Tax credit.  As long as you sta...

We all know that the Real Estate market has been " not so great" for quite sometime now.  But, there are some metropolitan areas that are having it much worse than others. And even though home prices are weakest in the fall, they usually peak in the spring and remain that way throughout the summer...Altos' numbers reflect an unsteady market in general. I was reading an article from Forbes.com that discusses the trends and the volatility of certain cities throughout the U.S. And thankfully, we don't have to worry about Charleston being on that list of cities where home prices are plummeting.

CLICK HERE to read the whole article...

**WATCH THIS VIDEO TO SEE MORE ABOUT HOUSING PR...

For more information on this listing you can contact the office @ 843-375-2075.  We hold open houses on our properties regularly.  Please check out our open house section for homes open this weekend. 

2010. What will it bring to you?  Will it be a new home? Many people have been waiting around for real estate to hit the bottom.  Well, market indicators in ur area suggest we have been bumping around th bottom for a while now.  No one has a Crystal ball, but a new home can bring you joy.  If you are intersted in seaking with a professional to find out more about the area you are interested in, one of our associats will be happy to help provide specific market statistics to help you make an informd decision.  Also, we are partnered with Bank of America to help you with your financing options. We want to help you with one of your most important financial decision.

Welcome webusers to Weichert, Realtors-Palmetto Coast.  You have joined us on our new website blog.  Our goal with this blog is to bring the consumer up-to-date information on the real estate industry and other related information that affects home buyers, sellers and homeowners in general. You can view my personal blog for more random information that also includes educational information and poems, favorite reads, and a quote of the day.  That can be found at www.askannalisa.blogspot.com.  Thank you for joining us!

Annalisa Jordan