Monthly Indicators U.S. existing-home sales recently fell from a one-year high, dropping 4.3% month-over-month to a seasonally adjusted annual rate of 4.19 million, according to the National Association of REALTORS® (NAR), as higher interest rates and rising sales prices continue to keep some prospective buyers on the sidelines. Average 30-year mortgage rates have topped 7%… Read more »
Read MoreHello REALTORS®, The SC General Assembly wrapped up the main part of their work last week and adjourned. They’ll come back in a couple of weeks to deal with vetoes by the Governor and adopt the final version of the budget, among other things. They’ll elect a new SC Supreme Court Justice in a couple… Read more »
Read MoreWatchdog Report Hello REALTORS®, This week, I am providing you with a general update on three major government issues: Elections Over the last two reports, I have reported on the candidates for election this year. But having that knowledge is only important if you plan to vote. More than 90% of Realtors are registered to… Read more »
Read MoreHello REALTORS®, Because elections in South Carolina are skewed toward one of the two major political parties, most elections are settled in the party primaries. The primaries are on June 11 and early voting opens two weeks before the primary. It’s not too early to start doing your homework about the candidates. On the ballot… Read more »
Read MoreHello REALTORS®, Because elections in South Carolina are skewed toward one of the two major political parties, most elections are often settled in the party primaries. The primaries are on June 11. It’s not too early to start doing your homework about the candidates. On the ballot in the Western Upstate will be the following… Read more »
Read MoreHousing Supply Overview U.S. sales of new-residential homes fell for the first time in three months, sliding 0.3% month-over-month to a seasonally adjusted annual rate of 662,000 units, according to the Census Bureau, as the previous month’s sales pace was revised up to 664,000 units from 661,000 units. Despite the decline, new-home sales were up… Read more »
Read MoreHello REALTORS®, For more than year, since a developer floated a 1,200-home neighborhood in the Dacusville area, Pickens County has imposed a moratorium on new subdivisions of 50 lots or more. That moratorium expired with the adoption of a new Unified Development Standards Ordinance on April 1. But county council replaced it with a new… Read more »
Read MoreHello REALTORS®, 2024 continues to be a busy year for government affairs. It’s an election year, including for President and Congress. The SC General Assembly is nearing the end of a two-year term, and several Realtor issues are under consideration. And your board of directors recently approved a position statement on annexation. But first, flood… Read more »
Read MoreMonthly Indicators U.S. existing-home sales grew 3.1% month-over-month to a seasonally adjusted annual rate of 4.00 million, exceeding economists’ expectations and marking the strongest sales pace since August 2023, according to the National Association of REALTORS® (NAR). Falling interest rates late last year, coupled with a recent uptick in inventory, helped existing-home sales to climb… Read more »
Read MoreHello REALTORS®, Signs and sign ordinances can be beneficial to Realtors, but they also come with responsibility. Over the last several years, your REALTORS® Association successfully lobbied for protection of signs that communicate that real property is for sale while local sign ordinances were updated across the Western Upstate. Almost a decade ago, the U.S…. Read more »
Read More
