Blair Webb

History will repeat itself

I hope all is well in your world today. I wanted to write you and give you some of my thoughts and opinions on what I see developing in the housing and economic climates.

Home loan interest rates are at an all time low, as of 12^th August it hit 4.4 percent, for some qualified buyers. If you are truly in the market to buy a home this is the time to consider making the move. There are several things on the horizon developing that I believe make this the right time to buy. And it’s the history of our economic market condition.

Home values have been on a steady decline with foreclosures helping this condition. Everybody is waiting for the perfect time to buy at the bottom but no one will really be able to predict that exact timing. It’s similar to waiting on a stock to bottom out in price and only finding ourselves buying with the words “ if I had not waited so long“.

I strongly believe that based on history those that buy homes in the near future will realize substantial gains in equity value the next five years. Here’s why.

Do you remember or read about the Jimmy Carter years? Interest rates went to over 14 percent for home loans and inflation was out of control. What inflation does is increases the cost to buy goods which includes housing. But that also means the increase in home values.  An increase in home values will give more value to most individuals “nest egg” or future buying power.

Inflation and high interest rates are coming again! The reason is just like the Carter administration the current Federal Government is starting to buy debt. To do so the Federal Government is going to print more money by doing so inflation will rise. Once the debt has been purchased the government will sell the debt back to money brokers but at very high interest rates. This will lead to the rise in home loan rates and the increased value of homes through inflation. History will repeat itself. Once that piece of history ends than we will again see higher home values with moderate interest rates. Buying in the current conditions will mean higher home values in the near future.

I’d like to be your Realtor of choice in making your home purchase. Please contact me when you are ready to make the move. Remember there are no costs to you for my services.

Look forward to hearing from you.

Single Story For Sale in Cates Bounty

• 1,600 sq. ft., 2 bath, 3 bdrm single story "Lake front" - MLS® $150,000 - Well maintained home

Cates Bounty, Brunswick  -  This three bedroom and two bath lake front home is located in the heart of Brunswick and is only minutes from shopping, college, hospital and the beaches. As you enter this home by the elegant entry hallway you will feel a warm welcome as you into a formal living room with fireplace.Just sit back and relax with a good book while the glow of the fireplace makes you realize you are truly home. Enjoy quiet time in the back den and gaze into the private backyard that overlooks the community lake. There is a screened porch off the den that will allow year round enjoyment of the scenic lake stocked with fish and the gracious backyard is perfect for those holiday cookouts.Don't forget the modern kitchen with all the appliances to prepare the holiday meal and then allow the aromas fill the home which will invite everybody to the formal dining room that is interactive with the kitchen.The master bedroom offers plenty of closet space and private bathroom.

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Price Reduced on 143 Easy Street in Cates Bounty

Cates Bounty, Brunswick  -  Announcing a price reduction on 143 Easy Street, a 1,600 sq. ft., 2 bath, 3 bdrm single story "Lake front". Now MLS® $150,000 - Well maintained home.

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Price Reduced on 135 Baywood Circle in Timber Ridge

Timber Ridge, Brunswick  -  Announcing a price reduction on 135 Baywood Circle, a 2,200 sq. ft., 2 bath, 3 bdrm single story "Brick home". Now MLS® $190,000 - Interest rates are low !!.

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Price Reduced on 128 S Third St in Baker

Baker, Brunswick  -  Announcing a price reduction on 128 S Third St, a 1,300 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $115,000 - Why rent when you can own.

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Senate Approves Increase in FHA Fees

Mortgage Rate Falls Under 4.5 %

2 Story For Sale in Brunswick

Lots of living space with in ground pool

• 3,444 sq. ft., 4 bath, 4 bdrm 2 story "Master main floor" - MLS® $325,000 - Interest rates are low !!

Brunswick, Glynn County  -  Large oak trees mature and lush yards, scenic marshlands and caring neighbor’s best describe the popular subdivision of River Ridge. Close to waterways, beaches, a state park, historic downtown, shopping and I95 makes this 4 bedroom and 4 full baths home a true gem. The home provides a large in ground salt water pool, huge outdoor deck with privacy fencing, a three car garage and workshop along with RV pad with water source and separate power. Wave to your passing neighbor's from the large front covered porch providing plenty of room for a porch swing or a row of rocking chairs. When you enter this home from the front porch you’ll enter a large foyer that will invite you to go in all directions leading to a study, formal living room or a den with fireplace. The floor plan provides privacy for one or space for large gatherings to entertain family and friends. The kitchen with separate island stove top, double ovens and large pantry adjoins the den with fireplace overlooking the open deck and pool. There is a formal dining room for special occasions and a large back deck for the family barbeque. If you need a mother in law suite the forth bedroom is off the den and provides a staircase elevator leading to the oversized suite with a full private bath. The master suite is adjoined to a master bath room with large walk in closet, oversized whirlpool tub, double vanity and plenty of storage. Contact your preferred Realtor to make an appointment to see this home.

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Price Reduced on 333 River Ridge Rd in Brunswick

Brunswick, Glynn County  -  Announcing a price reduction on 333 River Ridge Rd, a 3,444 sq. ft., 4 bath, 4 bdrm 2 story "Master main floor". Now MLS® $325,000 - Interest rates are low !!.

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Price Reduced on 850 Mallery P-7 in Ocean Walk

Ocean Walk, Saint Simons Island  -  Announcing a price reduction on 850 Mallery P-7, a 780 sq. ft., 1 bath, 1 bdrm single story. Now MLS® $175,000 - Fully Furnished.

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Price Reduced on 206 Sutherland Drive in Marshes of Mackay

Marshes of Mackay, Brunswick  -  Announcing a price reduction on 206 Sutherland Drive, a 2,250 sq. ft., 2 bath, 4 bdrm single story "Large lot with Privacy". Now MLS® $215,000 - Motrivated Seller.

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Single Story For Sale in Timber Ridge

Good value for area

• 1,870 sq. ft., 2 bath, 3 bdrm single story - MLS® $195,000 - Central location

Timber Ridge, Brunswick  -  Just minutes from FLETC, schools, shopping, waterfront, dining and the interstate. Timber Ridge is a perfect fit for anyone! Come see this affordable and efficient home . . . priced right. Very nice home in great condition

Home also available for lease at $1150 month.

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Price Reduced on 117 TIMBER RIDGE DR in Timber Ridge

Timber Ridge, Brunswick  -  Announcing a price reduction on 117 TIMBER RIDGE DR, a 1,870 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $195,000 - Central location.

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Update on 30 year Mortgage Rates

Miami, Fl -- According to real estate website Zillow.com, interest rates on a 30 year fixed rate mortgage went higher this past week but still remained historically low.  Low interest rates on mortgages will help lift home loan refinancing activity and put more cash into the hands of consumers in order to expedite the economy.  With the lack of government support, these low interest rates also make homes more affordable.

According to Zillow Mortgage Marketplace, 30 year mortgage rates were 4.38% on Tuesday from the 4.37% compared the week before.   Two weeks ago the rate was the lowest recorded since Zillow Mortgage Marketplace launched in April 2008.  It hit an all time low of 4.35%.

 Other types of mortgages had mixed rates.  Fifteen yar fixed mortgage rates were 3.87%, down from 3.89% the week before.  Rates for 5/1 adjustable-rate mortgages, or ARMs, set at a fixed rate for five years and adjustable each following year, were 3.37 percent, unchanged from the week prior.

The rates submitted by Zillow are based on thousands of custom mortgage quotes that are entered daily to unidentified borrowers through the website, and they imitate the most recent changes in the market.

Since the expiration of the popular homebuyer tax credit, the housing market has struggled to gain ground.  With mortgage rates having a link to yields on Treasuries and mortgage backed securities, Treasuries are seeing a decline in demand.

Price Reduced on 3213 Myrtle Ave Brunswick Georgia 31520 in Eastview

Eastview, Brunswick  -  Announcing a price reduction on 3213 Myrtle Ave Brunswick Georgia 31520, a 1,300 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $142,000 - Well maintained home.

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