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Charleston new home construction update

With national new home starts declining by 4.5% to an annual rate of 791,000 units, the lowest since records began in 1959 and building permits, a sign of future residential projects declining by 12% to an annual rate of 708,000, the lowest on record

You can't buy a median priced home in Charleston

That might sound like a silly statement coming from a Charleston real estate agent who depends on selling homes in Charleston in order to earn a living and with over 10,000 homes available for sale in the Charleston real estate market. But what I mean

How are housing prices really doing

All the headlines are dire. Case-Shiller gets big press every month as their statistics show home prices plummeting. But what would National housing prices look like if California, Florida, Nevada and Arizona were omitted from the data. After all, real

Charleston homes for sale

... by auction. What's next, a raffle? There are so many listings of Charleston homes for sale that many sellers are growing not just weary but desperate when their home doesn't sell. I just noticed a home on the Charleston MLS hotsheet at a ridiculously

It's my home, it's worth more

Claude Daigle, one of my regular readers just sent an email to tip me off to a story in the NY Times. David Leonhardt reports on a seller in the SF Bay area who won't sell unless they get their price (even if it takes years!). I've met similar

Are foreclosures readily available, not in South Carolina

I get a number of inquiries from people who are interested in taking advantage of the current housing situation indicating that buying a foreclosure would be a good idea. And it might be, especially if condition doesn't matter to you because generally,

Realistic expectations

... regarding Charleston real estate. For sellers, your home is not worth significantly more than others in your neighborhood even though it's yours and is so much nicer than any of the other homes for sale. If you want to sell, your home must be

A full time Charleston real estate agent

... is more important than ever for buyers and sellers in today's current difficult market conditions. After taking a long weekend off to attend a family wedding in Orlando, I don't know how any Charleston real estate agent can successfully manage

Buy or rent

Yesterday, I wrote a post about a recent trend or coincidence I noticed and my friend Claude pointed out the calculator on my website was flawed with defaults that don't coincide with current market realities. He pointed visitors to a calculator provided

What lies ahead for homebuilders

Could it be red and green. No, we're not talking about Xmas. Homebuilders balance sheets might look somewhat red today with sales of new homes off dramatically in the past year but they are still looking ahead to what real estate consumers might want

A short sale is short money, not time

There are a few short sales available in the Charleston South Carolina real estate market that are listed on the Charleston MLS. Let's dispel a couple of myths. Most are not cheap, most are not in good condition, and most importantly, all are not

Charleston real estate prices

What a difference a couple of years can make when analyzing Charleston real estate prices. I got a call from a client the other day inquiring about a home for sale in Mount Pleasant so I pulled it up on my computer as I was talking and immediately remembered

The Charleston housing market and holiday parties

With the holiday parties wrapping up, it seemed interesting to note how talk of Charleston housing market conditions was different this year vs. previous years. Of course, in the "good old days" of Charleston South Carolina real estate, most

Do you know what your real estate agent is doing

It's 10 AM Monday and I've got a question for buyers and sellers in the Charleston South Carolina real estate market. Do you know what your real estate agent is doing? I don't rant very often, well, OK, maybe once in a while, but ... I was

New listing alerts

There are a lot of real estate consumers who register for new listing alerts on my website and I notice that many look at them just about every day. They are interested in purchasing property in the Charleston South Carolina real estate market sometime
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