About a week and a half ago everyone was so excited because The Wall Street Journal and USA Today came out with articles saying that the real estate market was improving across the country.

In last Monday’s Wall Street Journal, the headlines read, “High end homes frozen out of budding housing rebound”.

The question is, is it up or is it down? 

The best way to answer that question is by price.  The lower end market is a lot stronger because of the $8,000 tax credit for first time home buyers.  The problem is that the good market on the low end has not translated to a good market on the high end.  Most local papers define “high end” over $750,000.  On Hilton Head we define it over $1 million. 

Real estate markets don’t go bad over night and they do not recover overnight.  It is going to take some time to recover which means that there are some excellent buying opportunities now.

I have been in this business over 28 years and I have never seen as many opportunities that exist today.  It is a great time to buy.

If you would like a list of foreclosures or best buys on the island we would be happy to share those with you.