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Wednesday, February 01, 2012 9:08 AM

Case and Shiller disagree on housing market outlook

In what shouldn't be much of a surprise, Bloomberg reports that, "Residential real estate prices fell more than forecast in November, showing distressed properties are hampering improvement in the US housing market. The S&P Case-Shiller index
Posted by Howard Arnoff | 0 Comments
Friday, January 20, 2012 9:04 AM

Charleston monthly home sales by price range 2011

As a follow up to the Charleston real estate market report posted the other day, here is a chart of Charleston monthly home sales by price range. For homes selling for $300,000 and under, sales were 6.5 percent higher in 2011 than 2010. For homes selling
Posted by Howard Arnoff | 0 Comments
Wednesday, January 18, 2012 8:43 AM

Charleston real estate market report, sales, inventory and home prices, year end 2011

One word to describe the Charleston real estate market for 2011 is GOOD. Home sales were higher year over year, inventory of homes available for sale has been trending down and is at its lowest level in almost 5 years and prices, while down were only
Posted by Howard Arnoff | 1 Comments
Tuesday, January 17, 2012 9:04 AM

[Good news] Positive outlook for the housing market

I noticed a good news headline yesterday. Writing for USA Today. Julie Schmit reports that the housing outlook is more upbeat . “Home sales and home building are forecast to rise this year after sliding steeply the past five years in housing's
Posted by Howard Arnoff | 0 Comments
Wednesday, January 04, 2012 10:23 AM

Median sales price, Charleston real estate year end review

Based on the median sales price, the Charleston real estate market is showing the famous "double dip" in home prices. The median price is affected by the mix of homes sold and when more less expensive homes sell, the median price will decline
Posted by Howard Arnoff | 0 Comments
Wednesday, December 21, 2011 9:53 AM

What does the downward revision by NAR to existing home sales really mean

The National Association of Realtors (NAR) today revised downward existing home sales by 14.3 percent from 2007 through 2010. Two unfortunate results will probably be the loss of a little credibility for NAR along with screaming headlines in the media
Posted by Howard Arnoff | 0 Comments
Monday, December 19, 2011 9:08 AM

The rise and fall of inventory of Charleston homes for sale

One of the most important trends this year in the Charleston real estate market has been lower inventory levels of homes for sale in Charleston. From very low levels during 2003 through 2005, inventory soared during 2006 and 2007 peaking in 2008 at the
Posted by Howard Arnoff | 0 Comments
Saturday, December 17, 2011 8:10 AM

Charleston mortgage report, with record low rates, the trend is your friend

Bad news is good news for mortgage rates. Courtesy of Bankrate , here is a one year chart of the 30 year fixed rate conventional mortgage and as you can clearly see, the trend has been your friend in the last year whether you are buying or refinancing
Posted by Howard Arnoff | 0 Comments
Thursday, December 15, 2011 8:17 AM

Charleston real estate market report, sales, inventory and home prices, November 2011

As we've seen all year, November turned out to be another good month for the Charleston housing market. Home sales in November were 5 percent higher than November of 2011 and we are all but virtually assured that sales in 2011 will be higher than
Posted by Howard Arnoff | 0 Comments
Friday, December 02, 2011 7:49 AM

[Real estate gravity] What goes up sometimes falls hard

A tale of distressed property in Charleston that illustrates the point that home values sometimes decline far more than the average because this home appears to be back to where it sold around 2002. Now, you don't really know what the condition of
Posted by Howard Arnoff | 0 Comments
Wednesday, November 30, 2011 10:20 AM

Charleston new home construction alive and well

Despite the recent new home sales reports indicating new home construction is at the lowest level in seemingly forever, new home construction in the Charleston area can be considered very much alive and well. According to the Charleston MLS, there are
Posted by Howard Arnoff | 0 Comments
Wednesday, November 16, 2011 8:30 AM

Charleston real estate market report, sales, inventory and home prices, October 2011

It was another solid month for the Charleston real estate market in October although home sales did not beat October of last year yet but just a handful of additional late reporting sales will either match last year or edge it out slightly. But, you can
Posted by Howard Arnoff | 0 Comments
Tuesday, November 15, 2011 9:18 AM

[Less is Good] Charleston homes available for sale

Despite Gordon Gekko's famous pronouncement in Wall Street that Greed is Good, when it comes to Charleston homes available for sale, less is good (and better). A look at the chart below of the last 3 years of Charleston inventory of homes for sale
Posted by Howard Arnoff | 0 Comments
Wednesday, November 09, 2011 9:08 AM

What's up [or down] with home prices

In my opinion, CoreLogic provides the most comprehensive data on home prices and I just find them to be a better source than either Case-Shiller, Zillow and some of the others who analyze home prices. CoreLogic's Home Price Index (HPI) reports a second
Posted by Howard Arnoff | 0 Comments
Monday, November 07, 2011 8:25 AM

Mobile Charleston MLS search on your iPhone

It's a mobile world now. I was out shopping the other day and got a discount coupon with my mobile phone since I don't bother to read the newspaper any longer and still want to save money. In fact, several stores were promoting the idea. But more
Posted by Howard Arnoff | 0 Comments
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