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Housing Supply Overview Robust buyer demand, fueled by low mortgage rates, continues to outpace supply, which remains near historic lows. Nationwide, inventory remains much lower than it was at the same time last year, and sales prices are surging as a result. While the warmer temperatures, rising sales prices, and the reopening of the economy… Read more »

Housing Supply Overview April was another strong month for home sales across most market segments. The busy spring market continues to see many multiple offer situations driving sales prices above asking price. Strong buyer demand and limited housing supply show no signs of easing soon, pointing to a continuation of this market trend through spring… Read more »

Housing Supply Overview March sales activity picked up where February left off, with an already redhot market showing no signs of slowing. Rising home prices and mortgage rates are affecting affordability, but have yet to impact demand, as sales continue to increase. Extremely constrained supply in many market segments will continue to fuel multiple offers… Read more »

By: Lindsay Jackson, Chief Advocacy Officer, SC REALTORS® The House and Senate raced against the clock to meet the legislative crossover deadline. The crossover deadline, or the date that legislation must pass its body of origination to be viable for passage in the 2021 session, fell on Thursday, April 08, 2021 this year.  I am… Read more »

Mortgage interest rates ticked a bit higher in February, but remain below their February 2020 levels. Interest rates may rise a bit further in coming weeks, but according to Freddie Mac chief economist Sam Khater, “while there are multiple temporary factors driving up rates, the underlying economic fundamentals point to rates remaining in the low… Read more »

Important Notice! The Supra XpressKEY is retiring on February 1, 2022 If you have not yet transitioned to the eKey app on your phone, please do so by this time. The Best time to act is before August when the renewal of your annual XpressKey fee is due! Take advantage of all the Supra eKEY… Read more »

Beginning March 8, appointments to get the COVID-19 vaccine can be made by people in the following groups: Anyone aged 55 and up People with increased risk for severe COVID-19 disease People aged 16-64 with one or more of the following high-risk medical conditions: Cancer (current, not a history of cancer), chronic kidney disease (any… Read more »

January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of new units. New Listings were… Read more »

Most are aware of the Clear Cooperation Policy instituted in 2020 by NAR that requires listed property to be included in MLS listings within one business day of public marketing.  There is an exception to this rule, however, and that is when the property is listed as an office exclusive. An office exclusive listing is… Read more »