Forbes & Trulia say Charleston is #3 Ranked City in U.S. Where People are House Hunting

Yes, that title is a mouthful, but I caught this interesting report on MSNBC that says Charleston is #3 after Bradenton-Sarasota, FL and Riverside, CA when it comes to number of out-of-towners looking to move to Charleston vs locals searching to leave. Regarding the study conducted by Trulia.com, MSNBC says “The result is an index, called the Metro Movers Report, suggesting which big...

Want to buy a home for $200,000 less than List Price? Here’s how.

I hear this all the time. I SAY this all the time. “That house is overpriced by $X! They’re crazy if they think they can get that amount for their house! Well, I never!” But does it really matter? Not to you as a buyer. If a seller wants to go ahead and put a silly or inflated number...

Charleston Home Sellers – Here is What You Should Expect From Your Realtor®

I don’t expect this post to be very popular. I expect some real estate colleagues might get a little upset that I am pointing all this out. I expect that you as a Seller, might get a little upset if you are not receiving everything I outline below. Well, so be it. I cannot stand for mediocrity any longer. I...

Why the Wall Street Journal and Zillow are Dead Wrong about Charleston

An article in the Wall Street Journal came out recently entitled Linkage in Income, Home Prices Shift, outlining the correlation between home prices and annual incomes in partnership with Zillow. They determined which real estate markets were currently undervalued and which were overvalued based on comparing current price-to-income ratios to the average of the time period of 1985-2000. Deep inside...

Huger Street is Hummin’ in Hampton Park Terrace

Last Friday, I sold a house on Huger Street in Hampton Park Terrace for my long-term friends and clients. The sale of this house was the fifth on this street in the past year – not too shabby for an area that is only 5 blocks long between Ashley Ave and The Citadel. We had actually put 462 Huger Street...

Charleston Inventory Levels – Oh, the Stories They Tell.

Alright so the title of this post is a little dramatic but I always enjoy looking inside statistics and numbers to see what they can reveal. Firstly, inventory levels means months of housing supply compared to absorption rates. In plain English – how many people are buying homes vs how many are on the market. 6-8 months of inventory is...

It’s a Miracle in Midtown

Update 6/16/2011 – All but two of the properties in Midtown have sold and one is still under contract. 26-A Cannon is available, and 212 Coming St just came back on the market. I LOVE this one. It’s over 2000 sq ft with terraces and a roof deck. 1009099 – Details: 212 COMING ST, CHARLESTON, SC – $499,000 The Midtown...

RealtyTrac – It just ain’t right

Why RealtyTrac is wrong and what you can do about it in Charleston, SC

Why Waiting for a Price Decrease Could Cost You the Big Bucks $$$

Lorcan Lucey, one of my favorite mortgage brokers in Charleston sends out a monthly rate update newsletter. His most recent one tells a tale about why waiting for a price decrease on a house you love could cost you the big bucks over the long run.

Buying a Home