Submitted by Naomi M on Sat, 01/12/2008 - 06:00.
Charleston South Carolina Housing News Is Mixed
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The Charleston, South Carolina housing market has not seen the bottom yet according to a local real estate consultant, Brad Rundbaken, who publishes The Charleston Market Report.
His chart on Tri-county Existing Residential Sales Momentum, current through November 2007, shows "zero evidence" of the Charleston market bottoming out right now, Rundbaken says. "Although we have not hit a bottom in Charleston yet still does not mean there are not good purchase opportunities here locally, " he adds.
Another perspective on the Charleston housing market comes from the Office of Federal Housing Enterprise Oversight. Its most recent quarterly housing report ranked the Charleston area 86th in terms of price appreciation at the end of September 2007 from a year ago, up 4.1 percent.
The Greater Charleston's five-year history is solid, up 58.32 percent. The Myrtle Beach area had the highest five-year increase in the state at 63.55 percent.
Source: charleston.net/news/2008/jan/12/area_housing _market_seeks_sales_price_bo27194/
His chart on Tri-county Existing Residential Sales Momentum, current through November 2007, shows "zero evidence" of the Charleston market bottoming out right now, Rundbaken says. "Although we have not hit a bottom in Charleston yet still does not mean there are not good purchase opportunities here locally, " he adds.
Another perspective on the Charleston housing market comes from the Office of Federal Housing Enterprise Oversight. Its most recent quarterly housing report ranked the Charleston area 86th in terms of price appreciation at the end of September 2007 from a year ago, up 4.1 percent.
The Greater Charleston's five-year history is solid, up 58.32 percent. The Myrtle Beach area had the highest five-year increase in the state at 63.55 percent.
Source: charleston.net/news/2008/jan/12/area_housing _market_seeks_sales_price_bo27194/
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