Charleston Area Statistics through March 2015
While national stories have been highlighting an increase in new construction sales and pending sales lately, these don’t always apply to our local scene. However, if there ever was a year to list or purchase a home, wider economic factors indicate that this is the one. The market seems to be increasing and on average, more people are employed and bringing in more money than they were at this time last year. The entire home and job market look promising. Because employment drives home buying, it is critical to watch labor statistics as a key indicator for the residential real estate market. That, and we live in one of the most desirable sought-out places to live in the country! Because of the positive job picture, it is expected that mortgage rates will remain as they are for at least the first half of the year.
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