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Hilton Head Island Real Estate
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Pat's Newsletter
Retirees
Seek Upscale Homes In Natural Settings
Affluent retirees
and semi-retirees are younger, hipper, more active, and more interested
in purchasing a home with natural surroundings than reserving a room in
a retirement village, says David V. Johnson, chairman of Victor
International, a developer of environmentally sensitive homes.
Wealthy seniors are increasingly overlooking historical
retirement destinations like Florida, Arizona, and California in
favor of environmentally protected home sites in Washington,
Michigan, and the Carolinas, with the intent of passing their
homes on to future generations.
70
Million Have Internet Access: (Inman News)
The number of U.S.
households subscribing to online services rose 3 percent to 70.7 million
in the second quarter of 2001, according to Telecommunications Reports
International and reported by Nua Publishing.
Rise
In Home Values Helps Avert Recession:
The jump in home
values has been essential in averting a recession despite downturns in
the stock market and the manufacturing and technology sectors this year,
Federal Reserve Chairman Alan Greenspan testified before the Senate
Banking Committee. Source: Washington Times.
Low
Rates Fueling Housing Market
Although other
sectors of the economy have suffered in the recent downturn, low
interest rates have kept the housing market ahead with rising sales and
prices. Although the market faltered after the terrorist attacks
in September--with sales of existing homes falling 11.7 percent, sales
of new homes dipping 1.4 percent, and the median price of existing homes
dropping 4 percent to $148,100--sales for the year are still expected
to be the second-highest ever on record. Action by the
Fed to lower interest rates and Federal emergency programs should lead
to a recovery and strong sales in the Spring of 2002.
Average
U.S. Age Tops 35
A Census Bureau
report on aging reflects contradicting forces in American life:
That better nutrition and modern medicine are driving up the median age
in the country - but the number of people actually turning 65 is down
because of low birth rates during the Great Depression. The Census
Bureau says the median U.S. age in 2000 was 35.3, two years
higher than it was in 1990 and the highest its ever been. At the
same time, the 65-and-over population increased at a slower rate.
"The slower growth of the population 65 and over," said senior
demographer Campbell Gibson, "reflects the relatively low number of
people reaching 65 during the past decade because of the relatively low
number of births" during the Depression years preceding World War
II.
This Is How Your Local
Property Tax Dollars Are Spent
The information below graphically illustrates the percentage breakdown
of how local property taxes are allocated for various taxing districts
within Beaufort County for fiscal year 2000-2001.
(Information: Beaufort County Council)
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