Charleston Real Estate Blog

... is the headline of an article by MarketWatch and I'm fairly certain that owners of what I call less expensive homes might prefer their home to be called that rather than cheap. But I wouldn't doubt that to be the case because it really wasn't a housing bubble so much as a credit bubble that caused the housing mess that we find ...

... and some distressed home owners are refusing to pay billions in home equity loans. Two interesting stories from the NY Times caught my attention. I don't personally know what I would do if I was living in Florida or Arizona or other places where home values are now a fraction of their previous values and I was totally underwater on my ...

If you're looking for the next bubble in real estate, you don't have to look further than across the Pacific to Hong Kong where an apartment on the second highest floor sold for $56.5 million USD. The total square footage of the apartment including a 340 square foot garden was 6158 square feet and sold for a record price of 71,289 ...

The foreclosure problems are so heavily concentrated in California, Florida, Nevada and Arizona that each appears to be sea of red. While the Charleston real estate market was very strong with high demand and above average price appreciation in the early to mid 2000's and most every real estate agents would like to do as ...

Before I link to an article in the Wall Street Journal Online Economists Blog, a few old jokes might set the plate so to speak. Someone becoming more of an old joke each day >>>>>>>>>>>>>>>>Q: Why did God create economists?A: In order to make weather forecasters look good.Economics is the only field ...

From the front page of today's Charleston Post and Courier, the headline reads: For Sale signs on every corner We enjoyed the boom; now we have to deal with the slump. The real estate market is in its biggest decline since 1989. Here's how it affects you.  The article includes some perspectives from sellers, lenders, renters, buyers ...

I noticed an interesting point made by Nationally syndicated columnist Lew Sichelman regarding the long term value of housing. "Hang in there. Real estate is just the opposite of the law of gravity: What goes down almost always comes back up. It may take a while longer this time around, but it's a pretty safe bet that sooner or ...

The United States Congress takes mortgage companies to task for the subprime mortgage meltdown by inviting leading companies to testify as to what happened and why today. Catchy headline, don't you think? At any rate, and pardon me just a bit more sarcasm before I really discuss the mortgage meltdown and housing bubble schmubble, ...

Charleston real estate buyers are looking to buy foreclosures today as the media relentlessly reports the slowing sales in the housing market and the problems in the subprime mortgage ...

Last week I wrote about the potential for the subprime mortgage market meltdown. Let's correlate how the mortgage and real estate insanity over the past few years has impacted today's housing "bubble" (not) or correction (likely). Benjamin Franklin was reputed to have said, “The definition of insanity is ...