Real Estate News You Can Use
Risé Johns ASR®, CRS®, GRI
February 2008
The North Shore vs. The Nation
One of the big mistakes buyers and sellers are making today is looking at real estate on a national level. Most people I talk to are buying and selling right here in Lago Vista. If you live on the North Shore, why are you worried about markets in the midwest? Detroit and the midwest markets are depressed and do not deserve much optimism. Lago Vista and the North Shore, on the other hand, do.
Many qualified and upwardly mobile people are leaving depressed markets and seeking places with a better quality of life. The North Shore has it all! I know I keep saying it and I mean it.
The mortgage interest rate on a typical 30-year fixed rate loan, as I write this, is 5.5%. This is a great rate that allows more buyers to obtain their dream home. While cedar pollen is sky high, mortgage rates are super low.
The good news is we don’t live in a declining market. Homes are still appreciating in value and the economic fundamentals are good.
Risé Johns has been involved in real estate for over 27 years. Her knowledge, experience and customer service will make your next real estate transaction a smooth one. Call Risé at (512) 267-LAGO for “World Class Service.”
