Columbia, South Carolina Home Inventory Down, Prices Up

South Carolina Real EstateThe housing market is making a comeback in Columbia as sales rise and inventories shrink. But there are some roadblocks that could keep it from rebounding quickly.

Home building permits and sales of new and used homes in the Midlands soared in October, putting the area on pace for its best year since 2008 – just before the Great Recession caused home sales to plunge, along with the broader economy.

But before the celebration begins, a couple of major hurdles – including the federal government’s looming “fiscal cliff” and lending for small builders – must be resolved, said Earl McLeod, executive director for the Home Builders Association of Greater Columbia.

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Authored By Kristy Eppley Rupon- See the Full Story at The State

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