Where to begin? Mortgage rates have fallen to a record low level. The mortgage finance giant ,Freddie Mac, announced that THE AVERAGE 30 YR. FIXED RATE LAST WEEK OF 4.85% IS THE LOWEST RATE SINCE 1971 WHEN THEY BEGAN RECORDING RATES.

In addition, the stock market had the most STABLE AND POSITIVE week it has seen in a very long time. The American public seems to have begun to appreciate the steps that are being taken to free up credit and provide jobs for the unemployed. And yes, the real estate market has also begun to improve . A totally unexpected increase of 5.4% in housing sales plus more new housing starts is IMPRESSIVE AND EXCITING!

All of this is great news…along with the stimulus package for qualified first time home buyers (purchasers who have not owned a home in the last 3 years and meet specific terms).

This is the real estate market that you've been waiting for. Don't miss the opportunity!! According to numerous respected financial consultants, as the economy begins to improve, the mortgage rates will increase and the governmental incentives will diminish.

Now, for the LOCAL NEWS! Three new shops and a restaurant have just opened or are about to open in the MIDTOWN/Design District area. WATCH for a new event planner and kitchen design, bathroom fixture and florist shops. More details soon!

LAST BUT NOT LEAST, MIDTOWN IS GROWING! We are pleased to welcome a brand new baby girl to our neighborhood!

Yes, MIDTOWN is truly for everyone…please stop by our model…we'll met you there if you give us a call... or visit MIDTOWN on line.

Labels: About the Neighborhood, Cannonborough/ Elliotborough, Charleston, In the News, MIDTOWN