Please include in my blog!

Thanks

Mike Carrigan

Carolina One New Homes

Land Development Services

Cell: 843-364-3286

Fax: 843-746-4643

www.mcarrigan.com

www.riverbirchinsummerville.com

www.bridlewoodfarmsllc.com

Last week in review: The markets were wild the entire week. During the past two months in the stock market, there have been 19 trading days with a 3% move. It had previously taken 6 years to see 19 days with a 3% move.

Bonds and home loan rates began the week with a strong rally on news that the world's largest Bond Fund, PIMCO, raised its stake in Mortgage-Backed Securities to its highest in over seven years. Also helping Bonds and home loan rates break above important technical levels were poor earning reports by companies like DuPont, Texas Instruments, Merck, Wachovia, and Boeing.

However, the gains were short lived as both Stocks and Bonds worsened on Friday after heavy selling took place in Asia and Europe. The waves of panic selling started in Japan due to weak earnings reported by Sony and Samsung, then spilled over into the UK as Britain's economy shrank for the first time since 1992, signaling a recession.

And while a strong sell-off in Stocks would typically cause money to flow into Bonds, helping Bonds and home loan rates improve, there is currently a bit of a departure from the normal "see-saw" trading you may typically see between Stocks and Bonds. This is occurring because securities must be liquidated to raise capital. In an effort to offset margin calls, all securities are being cashed in. Additionally, fear from individual investors, where people throw in the towel and want to get out of the market, is creating massive redemptions from fund managers. Despite the continued volatility and massive action of the last week, Bonds and home loan rates ended the week very close to where they began.

What's Ahead for this week: This week, several scheduled items could cause some more manic movements in the markets...and the biggest of all could be the Fed Policy Statement and Rate Decision that will come on Wednesday, following the wrap of the Fed's regularly scheduled Federal Open Market Committee meetings. Remember: The Fed joined with other central banks from around the world and cut their benchmark Fed Funds Rate earlier this month to help restore confidence to the financial markets. The Fed is widely expected to cut its benchmark rate again this week, and some people are wondering if the Fed could go where it has never gone before and bring the rate below 1%.

Other important reports to note this week include Wednesday's Durable Goods Orders, which is a measure of how many "durable" or non-disposable goods have been purchased during the previous month, and Thursday's Gross Domestic Product (GDP) Report, which is the broadest measure of economic activity. Also, on Friday we will get the details on the Fed's favorite gauge of inflation, the Core PCE (Personal Consumption Expenditure) data, from the Personal Income report. Each of these reports will be telling, given the growing talk of recession.

Before all of this, there will also be housing news in store with Monday' New Home Sales Report. Last week, we learned that Existing Home Sales jumped to a thirteen-month high as foreclosures continue to drive down home prices, and it will be important to see if a similar trend is occurring with New Home Sales.

If the economic news this week is dismal, Bonds and home loan rates may be the beneficiary and find some improvement...but the words and actions of the Fed are likely to be the primary driver for interest rate action this week. As always, I will be watching closely and would welcome your calls with any questions you may have on your own situation, and how the changes of the week may impact you.

Please add to my blog.thanks!

Mike Carrigan

Carolina One New Homes

Land Development Services

Cell: 843-364-3286

Fax: 843-746-4643

www.mcarrigan.com

www.riverbirchinsummerville.com

www.bridlewoodfarmsllc.com

From: Coffey, Jennifer [mailto:jennifer.coffey@commonwealthfg.com] Sent: Thursday, October 09, 2008 11:39 AM To: Mike Carrigan Subject:

Jennifer Coffey

Office Administrator

COMMONWEALTH FINANCIAL GROUP 225 Seven Farms Drive, Suite 106

Daniel Island, SC 29492 (843) 884-4545 ext. 10 www.commonwealthfg.com

CONFIDENTIALITY NOTICE: This email message is intended only for the person or entity to whom it is addressed and may contain confidential and/or privileged material. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply email, then delete the original message and destroy all copies.

Securities and Investment Advisory Services offered through Securian Financial Services, Inc., Member FINRA/SIPC. Commonwealth Financial Group is independently owned and operated.

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Blog Articles below:

Michael Carrigan

Carolina One New Homes

www.mcarrigan.com

Life on Vacation: History keeps pace with the present in Charleston, S.C.

http://www.usatoday.com/travel/destinations/secondhomes/2008-09-11-greater-c harleston_N.htm

CNN article on Charleston:

Charleston reveals new treasures with each visit

http://www.cnn.com/2008/TRAVEL/getaways/09/15/charleston.tourism/index.html

One of the nicest subdivisions in Mt. Pleasant, this neighborhood of rolling hills is located just over the bridge from Charleston. All of the homes here in Molasses Creek are custom built and range in size from about 2100 - 4500 square feet. Thick trees enrich the lots in this quiet subdivision. The beautiful scenery of tree lined streets make this a perfect neighborhood to enjoy an evening bike-ride through. Though there are no amenities in this neighborhood, swimming pools and tennis courts are available right down the street. 

Check out some of the current homes available here in Molasses Creek from Mike Carrigan Realty, the leader in Charleston, South Carolina real estate.

Listing 1 of 6
	311 SUGAR HOUSE RETREAT MOLASSES CREEK PLANTATION MOUNT PLEASANT, SC Beds 4 / Baths 2.5 / 3100 sqft $699,500 More info >>
Listing 2 of 6
	399 SIROP CT MOLASSES CREEK PLANTATION MOUNT PLEASANT, SC Beds 5 / Baths 4.5 / 3487 sqft $699,900 More info >>
Listing 3 of 6
	388 CREOLE PL MOLASSES CREEK PLANTATION MOUNT PLEASANT, SC Beds 5 / Baths 3.5 / 3000 sqft $749,000 More info >>
Listing 4 of 6
	564 OVERSEERS RETREAT MOLASSES CREEK PLANTATION MOUNT PLEASANT, SC Beds 5 / Baths 4.5 / 3525 sqft $855,000 More info >>
Listing 5 of 6
	543 FLAMBEAU RETREAT MOLASSES CREEK PLANTATION MOUNT PLEASANT, SC Beds 5 / Baths 3.5 / 3730 sqft $979,000 More info >>
Listing 6 of 6
	561 PLANTERS LOOP MOLASSES CREEK PLANTATION MOUNT PLEASANT, SC Beds 4 / Baths 3 / 4500 sqft $1,199,000 More info >>

Currently The Crescent is seeing several homes under total renovation. Because of its location, desirability and the size of these Charleston real estate properties, many people are paying top dollar just to purchase a house and then completely re-habing them. These homes provide lots of interior space and large private lots. Prices range from the high $600,000 to several million.

Listing 1 of 7
	33 BROUGHTON RD THE CRESCENT CHARLESTON, SC Beds 6 / Baths 3.5 / 4029 sqft $1,050,000 More info >>
Listing 2 of 7
	14 BROUGHTON RD THE CRESCENT CHARLESTON, SC Beds 3 / Baths 2.5 / 3076 sqft $1,249,000 More info >>
Listing 3 of 7
	8 SAYLE RD THE CRESCENT CHARLESTON, SC Beds 4 / Baths 2.5 / 3000 sqft $1,290,000 More info >>
Listing 4 of 7
	32 BROUGHTON RD THE CRESCENT CHARLESTON, SC Beds 5 / Baths 4.5 / 3576 sqft $1,295,000 More info >>
Listing 5 of 7
	3 SAYLE RD THE CRESCENT CHARLESTON, SC Beds 4 / Baths 3.5 / 3632 sqft $1,400,000 More info >>
Listing 6 of 7
	13 GUERARD RD THE CRESCENT CHARLESTON, SC Beds 4 / Baths 3.5 / 3849 sqft $1,520,000 More info >>
Listing 7 of 7
	3 NEW TOWN LN THE CRESCENT CHARLESTON, SC Beds 4 / Baths 4.5 / 4402 sqft $2,095,000 More info >>

Located outside Charleston, South Carolina near the town of Mount Pleasant, Dunes West is a residential community with reminders of its historic past still standing like the avenue of century old oaks  that lead to the communities golf clubhouse where the plantation's main house once stood.

For those searching for a place to call home, Dunes West offers a combination of lifestyle, security, amenities, and natural beauty unlike any community in the Charleston, South Carolina area. Dunes West is a place where neighbors know each other by name, and share common interests. This is an old-fashioned neighborhood that just feels good to come home to. 

For many residents, the best part of life in Dunes West is the simple pleasures it offers. It is a place of long strolls in the evening, exhilarating rounds of golf,  and entertaining cookouts with family and friends.

When it comes to Charleston, South Carolina real estate, Mike Carrigan Realty features the best quality homes and land properties in the area.

Listing 33 of 154
	1533 SWEET MYRTLE CR DUNES WEST MOUNT PLEASANT, SC Beds 3 / Baths 2 / 1424 sqft $295,000 More info >>
Listing 34 of 154
	2784 PALMETTO HALL BLVD DUNES WEST MOUNT PLEASANT, SC Beds 3 / Baths 2.5 / 1736 sqft $298,800 More info >>
Listing 35 of 154
	1496 CYPRESS PLANTATION RD DUNES WEST MOUNT PLEASANT, SC Beds 3 / Baths 2.5 / 2300 sqft $305,000 More info >>
Listing 36 of 154
	3208 CARMEL BAY DRIVE DUNES WEST MOUNT PLEASANT, SC Beds 3 / Baths 2.5 / 2288 sqft $320,000 More info >>
Listing 37 of 154
	105 FRESH MEADOW LN DUNES WEST MOUNT PLEASANT, SC Beds 3 / Baths 3.5 / 2226 sqft $329,900 More info >>
Listing 38 of 154
	109 FRESH MEADOW LN DUNES WEST MOUNT PLEASANT, SC Beds 3 / Baths 2.5 / 2150 sqft $330,000 More info >>
Listing 39 of 154
	1460 CYPRESS POINT DR DUNES WEST MOUNT PLEASANT, SC Beds 4 / Baths 2.5 / 2248 sqft $330,000 More info >>
Listing 40 of 154
	1277 HERMIT CRAB WAY DUNES WEST MOUNT PLEASANT, SC Beds 3 / Baths 2 / 1634 sqft $339,900 More info >>

Rushland Plantation is located on the Stono River in John’s Island, SC. This 500-acre neighborhood is a relatively smalln neighborhood with only 123 home sites to insure natural conservation of the marsh and the animals in it. Using this extra space, the developer has created wildlife habitats within Rushland Plantation for several Low Country species. As a result, residents can enjoy nature trails, freshwater lagoons, and daily exposure to a variety of birds and other animals. This neighborhood features only single family homes, which are priced from about $700,000 to $1,700,000. Rushland Plantation is one of the high end neighborhoods of John’s Island, so homes cost approximately $307 per square foot. Buyers will find a great selection of Johns Island real estate here!

Listing 1 of 3
	1208 GREGORIE COMMONS RUSHLAND PLANTATION JOHNS ISLAND, SC Beds 5 / Baths 3.5 / 3119 sqft $500,000 More info >>
Listing 2 of 3
	2382 RUSHLAND LANDING DR RUSHLAND PLANTATION JOHNS ISLAND, SC Beds 4 / Baths 5 / 3113 sqft $685,000 More info >>
Listing 3 of 3
	2418 RUSHLAND LANDING RD RUSHLAND PLANTATION JOHNS ISLAND, SC Beds 4 / Baths 3.5 / 3112 sqft $699,900 More info >>

Please add the article below on selling your home in a buyer?s market!

Thanks!

Michael Carrigan

Carolina One New Homes

Commercial & Residential Land Development Services

4390 Belle Oaks Dr., Suite 100

N. Charleston, SC 29405

C. 843.364.3286

F. 843.746.4643

www.mcarrigan.com

September 2008

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Selling Your Home in a Buyer's Market By Kathryn A. Walson Like many people in today's real estate market, you may be thinking about selling your home. And like many prospective home sellers, you're probably kicking yourself for not having moved sooner, before the housing market took a nosedive. Still set on selling? Take heart. Sure, you may take a hit on the sales price on your house compared with the market's peak, but you're also likely to get a good deal.

Keep Reading »

Selling Your Home in a Buyer's Market - By Kathryn A. Walson

The Communication Illusion: The Silent Relationship Killer By Rene F. Rodriguez Communication is a part of almost every human interaction, which is why we keep hearing that we need to be better communicators. But let me ask you a question, "How well do you communicate?" Most people respond with some sort of positive assessment of their communication while being somewhat open for more learning. I have a simple goal and that is to make you paranoid (in a good way) about the effectiveness of your communication with others.

Keep Reading »

The Communication Illusion: - The Silent Relationship Killer - By Rene F. Rodriguez

Turning Back the Clock The Skinny on Restoring Your Skin Skin is one of our more important features. Aesthetically speaking, healthy skin keeps us looking young and vital. In turn, damaged or flawed skin propels others to make judgments about everything from our lifestyle to our age. If you are unhappy with the condition of your skin follow along as we show you how to?turn back the clock.

Keep Reading »

Turning Back the Clock - The Skinny on Restoring Your Skin

Facing Foreclosure? Loan Modification and New Legislation Could Be the Answer The pathways to foreclosure are varied and numerous, especially in today's tougher economy. Increasing mortgage payments or mounting credit card debt, a sudden loss in income or employment, a serious illness, or a divorce or separation are all unexpected changes that can quickly lead to delinquency and even foreclosure. The good news is that there is hope for you or anyone you know who might be on one of these unfortunate paths.

Keep Reading »

Facing Foreclosure? - Loan Modification and New Legislation Could Be the Answer

Dump that Car Getting Rid of a Vehicle You No Longer Want Getting rid of a vehicle isn't always as easy as it seems. Problems can include everything from being locked in to an ironclad car lease to the inability to sell it for a fair price. Throw in any of the reasons for wanting to dump the car in the first place and what you have is a recipe for a potentially long and frustrating process. Follow along as we explore a few of the options, including some you may not have realized.

Keep Reading »

Dump that Car - Getting Rid of a Vehicle You No Longer Want

Cell Phones for Children Deciding Whether It's Right for Your Family School is now in session. For many families that means driving children to and from class, extra-curricular activities, and friends' houses. Of course for some families, it also means it's time to resurrect the discussion about whether or not to purchase a cell phone for their child.

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Cell Phones for Children - Deciding Whether It's Right for Your Family

Oktoberfest It's About More Than Just the Beer By Kirk Leins When you think of Oktoberfest, the picture that most likely comes to mind is of dirndl-clad waitresses serving fistfuls of super-sized beers. While this image is far from inaccurate, the annual Bavarian festival is also about eating hearty portions of traditional German food. As a personal chef and a first generation German-American, I felt obligated to share some of my favorite German dishes.

Keep Reading »

Oktoberfest - It's About More Than Just the Beer - By Kirk Leins

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Mike Carrigan sent you this:

Bridge area might get 3 new hotels

http://www.charleston.net/news/2008/jul/22/bridge_area_might_get_new_hotels48290/

-------- Mike Carrigan attached this additional message:

Please add to my blog!

Thanks, Mike --------

www.charleston.net

Mike Carrigan sent you this:

Bridge area might get 3 new hotels

http://www.charleston.net/news/2008/jul/22/bridge_area_might_get_new_hotels48290/

-------- Mike Carrigan attached this additional message:

Please add to my blog!

Thanks! Mike --------

www.charleston.net