Bear turns bull on Charleston housing outlook
I met Brad Rundbaken when we were both at Sandlapper Real Estate Group. He has a background in financial services, was a real estate appraiser and is currently a real estate consultant. Brad was way out front in calling the housing bubble (and credit bubble) and his indicators are based on trend analysis and the irrefutable law of supply and demand.
Katy Stech, real estate reporter at the Post and Courier reports that "even economic analyst Brad Rundbaken, the bluntest critic of the market while the local housing bubble was forming has turned optimistic. Rundbaken dedicated his November edition of the Charleston Market Report to how Boeing's announcement could chip away at the region's glut of residential inventory."
"I don't have a crystal ball, but based on what we're looking at right now and with what's coming, it's a game changer for that segment of the market."
More good news for the Charleston real estate market!