Charleston Real Estate Blog

New home sales, sales up, prices down. Existing home sales, sales down, inventory up, prices ? So what is really going on with housing. New home sale rose sharply last month but the data is questionable because it is self reported by the builders and subject to revision and cancellations are not factored in. Many people would like to buy new ...

No surprises in the latest numbers to come out of S&P Case-Shiller or data from the National Association of Realtors (NAR) on existing home sales. While Nationally syndicated writer, Lew Sichelman advised the real estate reading public to not pay too much attention to what he or his colleagues wrote concerning housing prices, the headline ...

With the media spotlight on housing prices across the country, I noticed the usage of median price used much more extensively than average price and wondered about the distortion that could be created. What is important to remember is that median price is the middle of all the numbers while average adds up all of the numbers and then divides by ...