Housing Supply Overview As we enter 2018, it will be most interesting to watch demand dynamics, as home sales have been lower in several markets over the last few months. Whether this is related to there being not enough homes for sale, prices getting too high or less buyer interest remains to be seen. For the 12-month period spanning… Read more »
Read MoreWestern Upstate Multiple Listing Service is pleased to announce that Matrix™ from CoreLogic® is now available. Between now and March 5th, Matrix and Paragon are running parallel. During this time, all listing input and maintenance will still be conducted within Paragon, but you may now begin to utilize every other function of Matrix. We HIGHLY… Read more »
Read MoreHousing Supply Overview Inventory was again a driving metric in residential real estate in 2017, whether the fewer number of homes available put a damper on sales or created lower affordability due to competitive demand between eager buyers willing to raise the percent of original list price received at sale. For the 12-month period spanning January 2017… Read more »
Read MoreHousing Supply Overview The primary housing storyline for the past two years remains the same. Demand is high, supply is low and interest rates have been steady. There are a few signs that indicate an increase in the number of homes for sale in 2018. For now, inventory remains low in most submarkets. For the 12- month… Read more »
Read MoreWe had a great turnout for the Broker-In-Charge Update held at the Association Office on Wednesday. Here are a few of the highlights: President/CEO Peggy Hill gave a “Year In Review” that offered the following accomplishments Building renovation completed in May after a long 8 months’ construction New website launched in September with much improved… Read more »
Read MoreHousing Supply Overview Supply will dip for the remainder of the year, but there are some hopeful signs that we may see a bump in the new year. To say that more inventory will immediately impact housing markets is premature, especially if affordability continues to drop and prices continue to rise. For the 12- month period spanning… Read more »
Read MoreThank You for Giving to the RPAC Oyster Roast & BBQ Festival that was held on Thursday, October 12th. We would like to thank the following companies and individuals who generously donated to this event. Platinum Sponsor AirWorx Drone Media Solutions, Advantage Inspection, OnQ Financial, Western Upstate Keller Williams, Sierra Pacific Mortgage, Jackson Stanley,… Read more »
Read MoreCongratulations to the following members who were elected to serve on our 2018 Board of Directors at the membership luncheon on October 19th: Rozlynn Hood – Coldwell Banker Hugh Durham & Associates Carolann Newton – Jackson Stanley Realtors David Phillips – Silver Star Real Estate Members with unexpired terms who will continue to serve are:… Read more »
Read MoreEffective with June, 2018 renewal, every real estate licensee will need 10 hours of approved courses prior to renewing. The requirements break down as follows: Sales and Broker’s License (not BIC) 4 hours core (TRID Safely in a Flood of Disclosures is the only approved core course) 6 hours elective (any approved course or combination… Read more »
Read MoreHousing Supply Overview Low housing supply is both a month-over-month and now multiple year-over-year happening. Lawrence Yun, Chief Economist for the National Association of REALTORS®, has gone as far as saying that the national housing market is essentially stalled. For the 12-month period spanning October 2016 through September 2017, Pending Sales in the Western Upstate region were down… Read more »
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