An article titled: "Homebuilders: Now is the time to buy" was published in the Charleston Business Journal on 10/24/08. Homebuilders across the state are getting together to send out the message that the SC housing market is strong. It made a good point that most of the serious housing problems are contained in many areas like California and Florida, etc. Doug Woodward, professor of economics at the Moore School of Business at the University of South Carolina further adds that "South Carolina has less toxic subprime mortgages than most states. Actually, South Carolina has few fundamental problems with mortgages."
The article further stated that "South Carolina is considered to be the fifth-best housing market in the country because of fewer subprime mortgages, fewer foreclosures and home price appreciation."
This is wonderful news about South Carolina's housing market! While financing guidelines have tighten up, the money is still out there. Banks are still lending but on different terms. State housing money is still available which allows buyers to obtain up to $5000 downpayment assistance from SC. Couple this with amazing prices, low rates and the new $7500 tax credit ~ What are you waiting for?
Michele Reneau - Military Relocation Specialist with Carolina One Real Estate in Charleston, SC.
Contact Michele Reneau, Realtor®, North Charleston, SC Real Estate Relocation Expert, CRS, GRI, ABR, Carolina One Real Estate. Licensed Realtor® in South Carolina at 843-572-0518 to list your property for sale or to purchase of real estate in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County, South Carolina. The Charleston Relocation Expert specializes in military relocation, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. I can also be contacted by email at firstname.lastname@example.org. To view all Charleston Metro area Homes for Sale Click Here and then click on Search for Homes. With over 25 years of Lowcountry Living, I know the Charleston Metro area. I will help you get your home sold and/or help you buy your Charleston home or land.