[Repeat after me] Charleston real estate is local
With all the dire forecasts for the economy and housing specifically, it seems like a good time to remind everyone that real estate is local and even within the Charleston real estate market, real estate is local.
Some forecasts for housing from CoreLogic, Altos Research and RadarLogic all have a national perspective and as I've mentioned on many occasions, the Charleston real estate market doesn't share many of the same characteristics of Florida, California and many other distressed real estate markets.
But even here in the Charleston metropolitan area, there are differences in home sales activity and home prices between Historic Downtown Charleston, the beaches, Mount Pleasant, Daniel Island, Summerville, Goose Creek, West Ashley, James Island, etc., and then even more local within neighborhoods in each of those areas.
So repeat after me, real estate is local and Charleston real estate is local.
photo courtesy of flickr by KevinDooley