Charleston Real Estate Blog

If you read the newspaper or turn on the television or check your news via the Internet, rising foreclosures is certainly one of the top stories. With all the bad news you would think that everyone in the country should be packing their stuff in anticipation of a knock on the door by the Sheriff. Katy Stech of the Post and Courier had the front ...

I've talked about rising foreclosures in the past few days, The Post and Courier headlined the growing problem on Saturday so let's cut to the chase and look at the numbers. Courtesy of RealtyTrac, in March, South Carolina ranked 35th of all the states, up from 37th in February. There were a total of 932 filings, up from 698 and one home ...

I don't think a day goes by when I don't get an inquiry from someone wanting to buy a foreclosure in the Charleston real estate market. Let's forget about short sales, as I've said before, the seller can list the property and even accept a contract subject to bank(s) approval (even though you're unlikely to even get a ...

Certainly, any foreclosure is terrible for all involved, the homeowner, the lender, the neighborhood. As I said before, any foreclosure is terrible for everyone. The mortgage market is currently in chaos and lenders are failing, loans that were committed to are being withdrawn and there is rampant fear of risk from Wall Street to Main ...

Back on June 12 as 10 Year Treasury Bills soared to over 5.25% carrying corresponding mortgage rates higher, I suggested paying close attention to which direction rates might go. Would they either continue going up, stabilizing at current levels or trend down? Happily, rates have come down on Treasuries to 5.0% which is great news ...

Some highlights from the recently released report from the Joint Center for Housing Studies at Harvard University. While economists remain upbeat about the long-term outlook of the residential real estate market, the near term is tainted by the uncertainty of future performance on loans set to readjust amid a struggling housing market. The ...