Charleston Area Market Stats through May (and other news)

Charleston Area Market Stats through May (and other news)

“While the effects of COVID-19 in the broader economy continue, real estate activity is beginning to recover across much of the country. According to Freddie Mac, mortgage rates have been below 3.3 percent for more than four weeks and are hovering near all-time...

Charleston Area Market Stats through April (and other news)

Residential Real Estate Sales Down Just 10% During Peak Of COVID-19 Crisis “The demand for housing in the Charleston region was so strong prior to COVID-19 spreading in our community, we have been very lucky to experience a minimal and what we expect to be very...
Charleston Area Market Stats through March (and other news)

Charleston Area Market Stats through March (and other news)

Real Estate Update from 2020 CTAR President, Bobette Fisher: “We had a lot of interest and activity from buyers prior to the onset of the COVID-19 crisis in our community. The strong activity in March positions us well for the inevitable impact of the global pandemic...
Charleston Area Market Stats Through February (and other news)

Charleston Area Market Stats Through February (and other news)

With mortgage rates on the decline due to COVID-19, buyers are encouraged to take advantage and lock in today’s low rates while they still can. Although it is still uncertain how it will impact the real estate market long-term, it will be interesting to see if...
Charleston Area Market Stats Through January (and other news)

Charleston Area Market Stats Through January (and other news)

As we move into February, the question remains – will inventory suffice? While many see the housing shortage as a negative, NAR Chief Economist Lawrence Yun sees this as good news for home prices. “National median home price growth is in no danger of falling due...