Posted by Jonathan Kostyra on Sunday, December 2nd, 2007 at 6:18pm.
Well folks I do have two great pieces of good news to report for the Greenville South Carolina Real Estate Markets:
One, the showing activity, number of offers, and general real estate activity is definitely up for the Open House Realty offices thus far for the fourth quarter. We will not have November's total results and numbers for a few days but most Realtors I have spoken with are having a good fourth quarter and expect the momentum to carry into 2008.
Again Greenville Real Estate has bucked the nation trend and is having a fairly strong 2007 year in terms of sales and home appreciation. 2008 could definitely pick up also generally speaking with the mortgage ballouts the Treasury Department is proposing and the proposed interest rate cut by the Federal Reserve, which leads me into the other piece of good news.
I have heard that 15 year fixed rate mortage rates could very well dip beneath 6.0 this week which means it is really a great time to buy because prices are competitive and money is cheap. You may even be able to buy down a 30 year fixed beneath 6%!
If you are in the Greenville, Anderson, or Spartanburg Markets to buy, please visit my new Greater Greenville MLS Search. You can search these areas with this new search and even use the new mapping system to find your dream home.