News

Housing Supply Overview A limited supply of existing homes for sale, along with an increase in new homes on the market, have helped boost demand for new single-family homes this year. Monthly new-home sales increased 9.6% as of last measure, marking the highest rate of new-home sales in a year, according to the U.S. Census… Read more »

Housing Supply Overview According to the U.S. Census Bureau, national sales of new homes edged up 1.1% month-over-month as of last measure, thanks in part to builders’ use of incentives and price discounts, with increases in housing starts and permits reported as well. Builder sentiment also continues to rise, as a limited supply of existing-home… Read more »

Hello REALTORS®, There are three elements of our government affairs program that form the foundation of how Realtors, and their association, engage in the political and public policy process.  In fact, I have spoken in the last few weeks to agency sales meetings about how our program works. There are three key elements of a… Read more »

Housing Supply Overview Purchases of new single-family homes increased 7.2% month-over-month as of last measure, exceeding economists’ expectations and rising to the highest level in nearly a year, according to the US Census Bureau. The limited supply of existing homes on the market, along with lower mortgage interest rates, softening sales prices, and a rise… Read more »

Hello REALTORS®, As I have transitioned to an active advocacy role, I have been making the rounds of the various local government bodies to learn and understand them better.  In the last two months, I have attended governmental meetings in these jurisdictions: I also actively monitor all of the major jurisdictions where our members are… Read more »

Hello REALTORS®, In the last Watchdog Report, I reported on the position statement your Board of Directors approved.  Moratorium: The position paper on moratoriums was timely because Pickens County Council enacted its second moratorium in two years on February 6.  The moratorium prohibits applications for subdivisions of 50 lots or more and will last six… Read more »

Housing Supply Overview For the first time in a year, homebuilder confidence has increased, rising 4 points to 35 in January, according to the National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index (HMI). Elevated sales prices, coupled with a surge in mortgage rates, caused demand for new homes to plummet in… Read more »

Hello REALTORS®, Your Board of Directors approved position statements on four issues that relate to several public policy issues in the Western Upstate: Three of them will help your Grassroots Government Affairs Team advocate for REALTOR® interests right away. Short-Term Rentals: Anderson County Council and Walhalla City Council both have discussed short-term rental legislation recently. … Read more »

Hello REALTORS®, Local governments in the Western Upstate are ramping up their agendas, but I would like to focus this week’s report on the state level.  The South Carolina General Assembly convened for the 125th session on January 10. Your REALTORS® Association, led by SC REALTORS®, has adopted a legislative agenda for the first half… Read more »

Monthly Indicators 2022 was a turbulent year for the US housing market, as inflation, soaring interest rates, and elevated sales prices combined to cause a slowdown nationwide. Affordability challenges continue to limit market activity, with pending home sales and existing-home sales down month-over-month and falling 37.8% and 35.4% year-over-year, respectively, according to the National Association… Read more »