The month of April saw the following trends: Inventory is low and demand remains strongProspective buyers shopping today have 52% fewer homes to choose from than at this time last year, according to Realtor.com's Monthly Housing Trends Report. Less than half the usual supply = record-high home pricesIt comes down to supply and demand. The fact is, housing supply is down and this lack of inventory is...
The month of March has come and gone and one thing remains constant... Buyers keep buying, and interest rates keep rising. Even with higher interest rates (now around 3.35% for buyers who put 20% down), it still isn't deterring buyers from making offers on properties. The other fairly constant thing that I'm noticing is that, more properties are selling ABOVE the list price. Between...
Park Circle Market Monitor As a Realtor and specialist in the Park Circle neighborhood it's my job to know exactly how well the market is going at any given time. How I do that is by analyzing the latest market statistics provided by my local Realtors association. As a potential buyer or seller, this information can be invaluable. Below are specific market statistics that show the progress in Park...
Location, Location, Location...How to tell if your neighborhood is on the rise (using Park Circle as an example)! You know the old home buying adage, "Location, Location, Location..." Well, in today's marketplace that saying is even more important. The last thing you want to do is buy in a marketplace that is in decline. One of the reasons I chose to live in Park Circle was because of its potential as a...
Park Circle Short Market Update 2014 Check out the infogram below showing Median Sales Price, Days on Market before a Sale and Avg. Sales Price for properties in the Park Circle neighborhood in North Charleston. Interested in finding a home in Park Circle? Check out available properties for sale...
Home Buyer Market Forecast 2014 2013 was a good year for real estate. House prices all around the country went up indicating a rebound in the housing market. In the past year a number of my clients who purchased new homes were able to secure very good interest rates, with some in the 3.25% to 3.75% range, however as we moved towards the end of the year, I noticed that rates were creeping up to...
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