Charleston real estate activity on the rise
There are some who say that it's now dumb to buy a home like this Fed economist who says that housing is a lousy investment but that isn't stopping people from searching for Charleston homes for sale.
A look at the chart to your left indicates that search activity picked up sharply after the holiday season so those who predicted doom and gloom after the original expiration of the home buyer tax credit on the basis that everyone who might have wanted to buy a home probably did so before the tax credit was supposed to end on November 30.
And house hunters aren't just browsing listings online. I was meeting a client at a neighborhood the other day and parked at the entrance and saw two real estate agents drive in with clients (they had those magnets on their cars identifying them as real estate agents and of course, not all agents have either magnets or those big vinyl stickers plastered all over their cars so there may have even been more agents driving in).
A quick update on December sales throughout the Charleston area. There were 615 sales in December 2009 compared to 560 in December 2008.
And on a positive personal note, I'm busy with several clients actively looking to buy a home in Charleston which is always the best indicator that Charleston real estate activity is on the rise.