Short sales of homes – where the seller owes more than the home is worth – have surged this year in the Carolinas, driven by interest from investors, a streamlined process and an expiring U.S. tax credit. Nationally, such sales in the third quarter rose 17 percent from the year before. In the Carolinas, the jump… Read more »
Posts Tagged: south carolina
Columbia, South Carolina Home Sales Up in November
Columbia’s home sales rebound continued in November, putting the area on track to match 2009 numbers, when sales were propped up by a federal tax credit for home buyers. But prices also have dropped back to where they were three years ago, a new report from the S.C. Realtors trade group showed Friday. “We are… Read more »
Columbia, South Carolina Home Inventory Down, Prices Up
The 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 –… Read more »
Home Sales Up in Columbia, Down in Other Parts of South Carolina in May
Home sales are humming along in Columbia and in most parts of the state. But some rural areas still are struggling with laggings sales, according to a report Monday. “We’re just banging it out right now. There’s just so much pent-up demand,” said David Patterson, an agent with Keller Williams Realty in Columbia. Sales jumped… Read more »
SC: Midlands Real Estate Market Showing Improvement
The Midlands’ real estate market is making a slow comeback after it was devastated by the worst recession in a lifetime. Home sales have been slashed by at least 40 percent from the height of the market five years ago. But now, headed into the spring home selling season – typically the busiest of the… Read more »
Barrons’ Twenty Best Places to Buy a Second Home: Brays Island Plantation, South Carolina
For second homes in America’s most affluent locations, the past year was ugly. No way else to describe it. Median home prices were down 50% in North Lake Tahoe, and 44% on Martha’s Vineyard, to cite two examples. Last year was brutal for second homes in the nation’s most affluent areas. But the market is… Read more »
SC: Lowcountry Real Estate Market Improving
The real estate business chugged toward recovery last year in both the Hilton Head Island and Beaufort areas, according to statistics and Realtors. Home, condo and villa sales increased 16.1 percent to 2,486 in the Hilton Head area and by 21.7 percent to 963 in the Beaufort area compared to 2009, the South Carolina Realtors… Read more »