Kristi Bash

Main Menu

  • Home
  • South Carolina Real Estate
  • Mortage Loans
  • Home Lenders
  • Real Estate Trends
  • Money Management

Kristi Bash

Header Banner

Kristi Bash

  • Home
  • South Carolina Real Estate
  • Mortage Loans
  • Home Lenders
  • Real Estate Trends
  • Money Management
South Carolina Real Estate
Home›South Carolina Real Estate›Housing in South Carolina, the real estate market faces a difficult future

Housing in South Carolina, the real estate market faces a difficult future

By Carmen Roberson
April 8, 2022
0
0

Housing experts say that compared to last year, there are fewer homes on the market now.

COLUMBIA, SC — A South Carolina real estate agent says the housing market is only getting tougher.

Graeme Moore of The Moore Company says that for those buying or looking to buy a home, things are going to be a lot tougher.

Compared to last year, Moore says there are far fewer homes on the market.

“It’s gotten a lot worse than 2021,” Moore said. He went on to say that the number of properties listed right now is historically low.

According to market reports from South Carolina Realtors, the number of homes listed for sale in Colombia fell 41.6% from February 2021 to February this year.

“We all thought that when rates started going up it might have a calming effect on the market, but that’s not the case and rates are going up along with values ​​right now,” Moore said.

Moving from Salt Lake City to Columbia, Moore’s client Ian Adams says he spent months frantically looking for a place to call home.

“It’s frustrating to start seeing yourself in a house and losing bidding war after bidding war,” Adams said.

The ripple effect, the demand for new homes is astronomical.

Builder Lukas Bunch says each county’s zoning regulations differ, including whether there are limits on the number of homes that can be built in a development.

“If you’re in a jurisdiction that’s more growth-friendly and more development-friendly, then that density factor isn’t an issue,” Bunch said.

There is good news for Ian. The offer he made on a house was recently accepted.

“If you don’t have the right level of patience, you’re going to have a really bad time,” Adams said.

https://www.youtube.com/watch?v=videoseries

Related posts:

  1. Actual property entrepreneur Mr. Patrick Carroll explains tips on how to thrive in a slowing economic system
  2. New Denton County group to deliver tons of of properties
  3. DHL Provide Chain to develop SC operations> Charleston Enterprise Journal
  4. Why house insurance coverage premiums are rising and what owners can do to arrange

Recent Posts

  • 🌱 Pepperhill Park + Aquarium Parking Garage Racers Security Updates
  • Confidential real estate: Some relief from the market
  • Uncover the true cost of mortgage fraud
  • JLL Valuation Consulting Group Creates Dedicated Data Center
  • Here is an overview of the latest updates to the MERS electronic register

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • August 2020
  • August 2019
  • July 2019
  • June 2019
  • May 2019

Categories

  • Home Lenders
  • Money Management
  • Mortage Loans
  • Real Estate Trends
  • South Carolina Real Estate
  • Privacy Policy
  • Terms and Conditions