SC Biz News: Lowcountry home prices continue growth trend

As reported by SC BIZ News, [h]ome prices in the Charleston area are growing at about the same rate as the national average, according to CoreLogic, a financial and property data analysis company.

Between December 2016 and December 2017, home prices increased 6.7% in the Charleston region and 6.6% across the United States.

Statewide, home prices increased 5.3% year over year.

Click here to read the full article.

Post & Courier: Record Home Sales for South Carolina in 2017

According to a recent article published by the Post & Courier, home sales in South Carolina reached new heights in 2017.

A robust job market and higher incomes in a booming economy led more people across South Carolina than ever before to lay out money last year for what is usually the biggest purchase of their lives — a house.

Real estate transactions across the Palmetto State climbed 4.5 percent as 83,570 homes changed hands in 2017 throughout the state, according to the Columbia-based S.C. Realtors Association.

That’s the highest number since the peak before the recession of 74,829 in 2006, a year before the housing market crashed and the Great Recession began.

via: Post & Courier

via: Post & Courier

“South Carolina’s economy is growing and continuing to add jobs, and mortgage interest rates will remain near historic lows,” said Kremydas, the S.C. Realtors chief executive officer. “The real drag is inventory. Tight inventory will remain tight, despite increases in new construction. This ongoing inventory shortage will result in home prices continuing to increase as well.”

 To read the full article, please click here.

SOLD! 8 Kyle Place

Congrats to Brian Zaks on representing the buyers in the purchase of 8 Kyle Place downtown. The 4 bedroom, 2.5 bath Wagener Terrace home sold for $527,000.

8 kyle