After about 8 weeks of unbelievable, historically low interest rates, things are starting to change. 30 year and 15 year fixed mortgages were up one-quarter of a percent. They are still down considerably from a year ago. So, buyers, if you were waiting for the rates to drop even more, don’t wait any longer! While I don’t know where it will go from here, I do know that homes are starting to sell. And as homes begin to sell, prices will begin to firm up and sellers will be a little less likely to lower their expectations. I have heard many potential buyers say that they don’t believe we’re at the “bottom” yet and they want to wait and get the most bang for their buck. Prices on property here at the beach (and there are many) are still more affordable than most places along the western coastline. Don’t be one of the 20/20 hindsight group saying “I should have bought last year….”
And, while you’re here shopping for the perfect beach property, clamming is happening this weekend (evening tides) and Discovery Coast Real Estate has plenty of tide books to hand out. And maybe you’ll want to check out the Cold Weather Survival forum at the Fort Clatsop Visitor Center in Oregon.
Don’t feel like fighting the city crowds the weekend after Thanksgiving? Then come to the beach! In between looking at homes and/or land for sale, you can enjoy the Peninsula Art Association’s Studio Tour (Art is not fattening), or have some family fun during Holidays at the Beach. Remember this Saturday is “Small Business Saturday” – join the movement and shop local!
No matter what, please accept my best wishes for a wonderful Thanksgiving!
