December 2008

Mortgage Rates Drop to Record Lows

Dec 20 2008 1443 Views, 0 Comments.

The rates for a 30 year mortgage dropped to the lowest level in 37 years. The FED is promising to pump money into the mortgage market to help get the housing market moving.

Freddie Mac reported on Thursday that the average rate on 30 year fixed mortgage was down to 5.19%. The rates are the lowest since reporting began back in 1971. The average 15 year fixed mortgage rate is down to 4.92%. Lower rates have translated into a jump in mortgage applications.

Buyers with good credit and liquid assets have incredible opportunities in the real estate market right now. Not only can they borrow money at historically low rates, but they can also buy at a discount as well. Today there are many short sales, distress sales and forclosures available in the real…

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Downtown Sarasota Penthouse Sold for $1.5M

Dec 11 2008 1544 Views, 1 Comments.

We recently closed on the sale of Penthouse B at Hudson Crossing.  This luxury condominium was originally listed for sale at $2,650,000. The buyers we represented were able to acquire the penthouse for $1,500,000.

"UNBELIEVABLE PRICE $500,000 UNDER OWNER PAID. BRING YOUR CLIENTS NOW! WATERFRONT PENTHOUSE Expansive water views with protected deepwater boat docks, new construction never occupied on Hudson Bayou with waterfront pool and cabana. 3 Bedroom penthouse with en-suite baths 2550 square feet of designer finishes with gourmet kitchen 10 feet ceiling and plantation shutters, private elevator, 2-car garage and private rooftop deck. Surrounded on two sides by Selby Botanical Gardens walk to the Bayfront Park, downtown shops and galleries. Unique…

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