Happy New Year [and good riddance to the "aughts"]
On this first day of the new decade, a look back courtesy of the WSJ chronicling a decade of adventures and misadventures in real estate during the boom and bust of the 2000's. Good reading.
And looking forward into the New Year, higher mortgage rates are a certainty but don't forget, rates are still low by historical standards but under 5% is history.
And my outlook for the Charleston real estate market remains cautiously optimistic. Charleston is a very desirable place to live and many retirees and others tired of the cold and snow are moving here. Our job growth despite the difficult economy remains strong. The cost of living and taxes are reasonable. Those are all very positive for a healthy real estate market. High inventory levels continue to be a problem, there are simply too many homes for sale right now.
Wishing everyone a very happy, healthy and prosperous New Year!