Short Sales Increase in Popularity
Posted on Tuesday, 23 February 2010 19:38 in GeneralShort Sales accounted for about 10% of the real estate transactions during the 4th quarter of last year and nearly 16% for January of this year. Foreclosure properties accounted for about 27% of real estate transactions late last year and about 24% in January of this year. Read More
2010 Home Buyer Tax Credit Results in early Surge
Posted on Monday, 22 February 2010 02:37 in GeneralThe South Carolina Real Estate Industry knows the peek buying and selling season starts in the Spring and through the Summer months. However, there has been an early surge in home buying this year. One Russell and Jeffcoat office here in Columbia SC reported that January was the best month their office has ever had. Read More
Are we facing a Housing Shortage later this year?
Posted on Sunday, 21 February 2010 07:23 in GeneralMany economist suggest a housing shortage is just around the corner and we could see a reversal from a buyers market to a sellers market by the third of fourth quarter of 2010. Economist say we need 1.6 million new homes per year to keep up with the population growth. Currently, we are only building less than 600 thousand new homes per year. Read More
Real Estate is taxed to DEATH
Posted on Thursday, 18 February 2010 16:28 in GeneralLegislation submitted by the President last week will eliminate mortgage interest deductions for individuals making $200,000 or more per year and for couples filing jointly making $250,000 or more. Read More
SC Homeowners should beware of Property Taxes
Posted on Tuesday, 26 January 2010 05:45 in GeneralProperty taxes are making home ownership very difficult in South Carolina. This same time last year, the average sales price in the Columiba SC (Midlands) area was about $160,400 according to market statistics in the Consolidated Multiple Listing Service (CMLS). Today, one year later, the average sales price in Columbia SC is about $150,200. Read More
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