News

Housing Supply Overview With housing prices soaring and record-low inventory throughout much of the country, many prospective buyers have opted to rent for the time being, only to find conditions much the same in the rental market. Indeed, competition for rental properties is strong: the national median rent has increased 11.4% since January, and rent… Read more »

Housing Supply Overview After months of declines, the inventory of homes for sale nationwide is beginning to increase as more sellers come to the market, looking to capitalize on record-high sales prices while providing a much-need boost of supply to America’s epic housing shortage. This is encouraging news for home buyers, who have struggled with… Read more »

From Nick Kremydas, CEO SC REALTORS As schools begin this week in some parts of the state, the latest covid news and CDC/DHEC recommendations are making me feel like I’m in the Groundhog Day movie, you know the one where Bill Murray keeps repeating the same day over and over again!   I have a few important… Read more »

Housing Supply Overview Summer’s here, and with vaccination rates on the rise, buyers continue to flood the market in search of their next home, with rock bottom inventory and record high sales prices reported throughout much of the country. Although closed sales were down nationally, overall demand for housing remains high, in part due to… Read more »

Each year during the month of June, REALTORS across the country take the opportunity to celebrate homeownership by showcasing individual homeowners, government officials, and various programs that protect and promote the American Dream of homeownership. Homeownership Month was created both to encourage current and future homeowners to be advocates for homeownership and to ensure current… Read more »

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 »