Posted on January 28, 2014 - 12:05 PM
by Charlotte Bova
5 REASONS TO BUY BEFORE SPRING
Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying. Read More. Article Provided by the KCM Blog.
#1 Reason You Should Sell Now
The price of any item (including residential real estate) is determined by ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. Read More. Article Provided by the KCM Blg.
Interest Rates will Increase Significantly
Most experts are calling for an increase in mortgage interest rates in 2014. However, we believe the increase will be more dramatic than is being projected. We believe rates will be closer to 6% than 5% byyear’s end. Read More. Article Provided by the KCM Blog.
End of the year Market Stats
On the Supply and Demand chart, you can see that the Tri-County area below $500,000, there is more demand than supply, with generally a 3-4 month absorption rate. For example, Mt. Pleasant has more demand for homes below $700,000 than there are active listings for, with a 2-3 month absorption rate for those. Provided by Debbie Poplin.
Coming Soon REOs
View our list of REO properties that will be coming onto the market in the near future Here.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity(SM) Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Carolina One Real Estate are marked with the Broker Reciprocity(SM) logo or the Broker Reciprocity(SM) thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2018 Charleston Trident Multiple Listing Service, Inc. All rights reserved.