Hilton Head Foreclosures
I have written before concerning the alarming situation concerning Hilton Head Island Airport
I was fortunate enough to attend a professional development program this morning put on by two Realtors® that specialize in listing foreclosures or REOs. It was really interesting to hear how each of the different lenders or asset management companies handles an offer when it is made on one of their foreclosed properties. Both Realtors® one of whom deals with Fannie Mae and the other who deals with various lenders and asset companies said that when the bank sets the price it’s...
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Foreclosures Drive Home Sales on Hilton Head
I recently read a brief article on how home sales appear to be improving nationwide. There is no doubt that this has been the case in the Hilton Head and Bluffton Real Estate Markets. In fact, during two of the historically mediocre selling months of July and August in the Hilton Head/Bluffton markets, we’ve witnessed a considerable increase in sales activity in our MLS. Certainly buyers are responding to very attractive pricing levels, but the high level of interest in the category of...
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Foreclosures and the Hispanic Community
Foreclosures and the Latino Community: The Hilton Head Island real estate market has certainly been affected by a variety of problems, but none is as veiled or less-considered than that of the mass exodus of illegal immigrants. In our area most of the illegal immigrants were and are of Hispanic descent. In the go-go days of 2004 through 2007 our area turned into a burgeoning market for Latino entrepreneurism and it was accompanied by a hefty need for housing on Hilton Head Island, in...
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The Impact of Hilton Head Island and Bluffton Foreclosures on Real Estate
Certainly, we have witnessed an increase in Hilton Head real estate sales activity as well as in Bluffton over the last few weeks. I’ve been asked if this is a sign of recovery or a short term anomaly in the market? I believe this increase in real estate activity is the first sign of recovery, a capitulation if you will. I also believe, it is going to take a long time to “turn the ship around”. I‘m of the opinion these buyers who have recently purchased real...
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