Yesterday we saw stocks rise for the third straight day and interest rates on conforming loans plummet. Today stocks gained a bit more ground and rates remain at a several-year low…some of the best economic news for homebuyers in quite a while. With prices often negotiable and interest rates at a 5-year low, this could be a great window of opportunity.
As of today, Bainbridge Island has 240 residential listings priced from $245,000 to $4.270M (quite the range of homes!). Of those 240 listings, 28 or 12% of listed homes are under contract.
In spite of a challenging economy and uncertain times ahead, I continue to feel blessed and thankful to live in such a close, caring community.
Remember…"Truly great friends are hard to find, difficult to leave, and impossible to forget."
-- unknown.
Wishing you a Thanksgiving Day filled with friends and family!
Wednesday, November 26, 2008
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