While it’s true that we are hearing lots of scary things these days about our economy, there really is a silver lining for the real estate market. Yes it’s true that the dreaded “recession” word is floating about and that the St. Simons real estate market, along with almost every other market in the country, isn’t as busy as they were a few years ago. But the fact of the matter is, this sluggish economy presents an ideal atmosphere for serious buyers.
In the last 2 months alone, the Federal Reserve has lowered interest rates many times and they are now near an all time low. The new Economic Stimulus Bill is not only giving buyers some extra cash for a down payment, but its also spurring the market along by offering increased FHA loans and jumbo loans in certain markets. All in all, these tactics mean great deals for buyers throughout the country.
So while it’s true that the economy might be a bit sluggish at the moment, it really is the ideal time to invest in St. Simon’s Island real estate. If you want to really take advantage of the great interest rates and low home prices, definitely get started ASAP. With all the great incentives to buy, the market will undoubtedly soon be turning around and you will wish you had gotten in when the market was slow. If you need help finding a St. Simons Island realtor or have questions about buying a St. Simons island home, give me a call at 912-996-4506.
Dana Gardner
(912) 638-7138
St. Simons Island Real Estate Specialist
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