Whidbey Island Real Estate Information
Updates, news and information about Whidbey Island Real Estate.
North Whidbey Island Real Estate Update
October 4th, 2011 at Tue, 4th, 2011 at 2:21 pm by Rick SchutteHome prices are down, interest rates are down, and rental properties are becoming scarce.
I see homes everyday that are great investment values, that I would buy myself if I could.
- 15 year fixed interest rates are at the lowest they have ever been! The fixed rate for 15
year mortgages is as low as 3.35%. Other home mortgage rates are at historic lows as well. - Prices for single family homes are well below peak levels in most Whidbey Island neighborhoods, and many condominiums are priced the lowest they have been in ten years!
- Home affordability in the first quarter of 2011 was at the best level in the 20 years it has been calculated, and remains close to that record level for the latest quarter.
- Stock market volatility demonstrates that stocks are not the safest place to put all your savings. A diversified investment strategy that includes long term investment in real estate should be part of your financial strategy
Content provided by: Hal Hovey
Rick Schutte Rick is the owner/designated broker of Coldwell Banker Koetje Real Estate and Koetje Property Management. He has been involved with the real estate industry on Whidbey Island for over 32 years. He is a past president of the NWMLS as well as a current board member of the North Puget Sound Association of Realtors. He has been designated by the National Association of Realtors as a Certified Real Estate Brokerage Manager as well as a Graduate of the Real Estate Institute. Rick can be reached at 360-675-5811 or cbk@WhidbeyRealEstate.com
More articles by Rick Schutte >
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