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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 »

I’m Number One/No I Am We’re the Number One Team/No We Are I Closed More Sales Than Anyone/No I Did What does it all mean?  Very little unless you give the details.  And there are parameters required by MLS Rules Claiming that you are #1 at anything involving real estate transactions requires a clear disclosure… Read more »

December is normally one of the slowest months of the year but strong buyer demand across most segments of the market, buoyed by near-record low interest rates, continue to drive a healthy sales pace in the face of a new wave of COVID-19 infections and a softening jobs market. New Listings were up 22.1 percent… Read more »

Recap of 2020 Local Government Activities Anderson Anderson County approved new subdivisions as well as some rezoning of tracts of land. These include: Woodglen Housing Development including 592 units built in two phases 19-acre tract along Welpine road to include an apartment complex with 252 units 675 single-family residences on a tract of land in… Read more »

Are you guilty of a possible license law violation? Let’s check and see! SC Real Estate License Law Section 40-57-135 (H) states: (H) With regard to offers to purchase real estate, a licensee shall: (1) upon receipt, prepare all offers in writing and promptly present them to the seller; Have you been presenting oral offers? … Read more »

Inventory remains constrained in most segments of the market, while buyer activity remains strong. With the holiday season upon us, both buyer and seller activity typically follow seasonal slowdowns before rebounding in the new year. For the 12-month period spanning December 2019 through November 2020, Pending Sales in the Western Upstate region were up 4.1… Read more »

Interest rates set new record lows again in October, and are helping to maintain buyer purchasing power in the face of rising home prices driven by multiple offers across many segments of the market. While seller activity in some segments has improved, available inventory remains tight in many areas. For the 12-month period spanning November… Read more »

Strong buyer activity has continued into the fall and the constrained supply of homes for sale, speedy sales, and multiple offers across many segments of the market will remain common so long as buyer demand remains at elevated levels. For the 12-month period spanning October 2019 through September 2020, Pending Sales in the Western Upstate… Read more »