|
|
The days are running out to take advantage of the $8000 First Time Home Buyers Tax Credit and an opportunity to take advantage of low home prices in Mount Pleasant and in the Charleston SC Area. Due to the current Real Estate Market Conditions, There are many people outside of the Mount Pleasant and the Charleston SC area, who looking to buy a second home, relocate, or buy investment properties. If you are looking to buy, the time is now, before all the best opportunities are taken.
U.S. real estate values present opportunity to Canadians
Sierra Vista The Herald, Published/Last Modified on Monday, Jun 22, 2009, 02:15:12 am MST - SCOTTSDALE — The fact that Canadian investment in U.S. real estate more than doubled in one year, from 11 percent to 23.5 percent, makes Canada the largest foreign real estate investor in the U.S.
What’s the strong attraction among the Canadians? For one thing, the Canadian dollar is currently at par with the U.S. dollar, something that hasn’t happened since November of 1976. The Canadians are experiencing the best exchange rate in nearly three decades.
For another thing, property values in the U.S. have plummeted, causing it to be a perfect time to buy.
“The recession has produced a surplus of high-quality real estate assets that are now available at substantially below-normal prices, particularly here in Arizona.” says E. Patrick La Voie, fund manager for the Arizona-based Westward Fund.
Economist Noah Blackstein, one of Canada’s premier U.S. growth fund managers feels now is the perfect time for investment.
“Canadians might be wise to move quickly, now that the Canadian dollar is at par. While U.S. real estate prices may have more downside, I would seize the opportunity of parity and buy now,” Blackstein said.
The second factor working in Canada’s favor is the slump many U.S. markets are experiencing right now. Markets like Arizona have seen major price reductions from what they were just a few years ago.
For example, if you bought a condo in Phoenix for $200,000 in 2005, it would have cost approximately $250,000 in Canadian dollars (using a Canadian dollar worth $0.80 U.S.). Today, that same condo is on the market in Phoenix for $180,000, in Canadian currency costs only $180,000.
“The double whammy of falling U.S. real estate prices and a rising Canadian loonie has created a once-in-a-lifetime bargain for Canadians looking for property in the U.S. Sunbelt,” said Bank of Montreal Chief Economist Sherry Cooper. “I love the Canadian dollar at parity. We are truly richer, as the money we earn and the money we invest is worth more.”
To read the rest of this article, http://www.svherald.com/articles/2009/06/22/news/doc4a3eaa47cfc54039540688.txt
Charleston, Mount Pleasant, & Hanahan Real Estate For Sale
Matt Naumann – Charleston & Mount Pleasant, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Mount Pleasant, SC Real Estate Market. My motto is “There is always a way!” Google or Call me (843) 818-9898 and let’s discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.
|
 |
|
|
Today's Rates:
| 30-yr Fixed | 4.97% | 5.13% | | 15-yr Fixed | 4.33% | 4.56% | | 1-yr Adj | 4.27% | 5.3% |
|
|
|
