Posted by Jonathan Kostyra on Friday, December 31st, 2010 at 1:40pm.
As 2010 comes to a close and as we get ready to celebrate a new year, I would like to take a moment to personally thank each of you for choosing to do business with me as you have bought and sold real estate. I have had the pleasure of working with some awesome clients and I really can’t thank each of you enough. I hope that each of you, your families, and loved ones all experience a wonderful year in 2011. May the coming year bring you peace, joy, and prosperity!
What does all this data tell us? Basically, that sold prices have risen on average by about 7 thousand dollars this year over last year, though this year we had a small drop in the number of sold units when compared to last year. Overall, this year has not been bad and we are looking forward to an even stronger year next year.
Do we have any negative news to report? Unfortunately, yes. Mortgage interest rates are trending higher towards 5% for 30 year fixed rate mortgages from a historic low of 4%. Granted, from a historical view, these rates are still very low. So if you are thinking about buying, maybe now is a good time to lock in a lower rate. If you are thinking about selling your home, this spring and summer should be a great opportunity for you.
In closing, if there is anything that I can assist or help you with, please feel free to call or email me anytime. You can also befriend me on Facebook under Jonathan Kostyra. I hope to hear from you and I hope you have a great year. Be blessed!Carolina Realty Associates Mobile: 864-525-0736