August 2010

There are 5 blog entries for August 2010.

Well, it looks like there are going to be some changes in FHA financing coming down the pipe.  Take a look at this short video, and see how it will affect you and your final loan payment.  These changes will go into effect on September 7th, 2010.

**Not mentioned in this video is the fact that allowable seller concessions used to top out at 6%, where they are now going to top out at 3%.

Video courtesy RealPro Innovations.

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This is an update for the statistics in the Charleston real estate market from January-July '09 and '10.

-Attached is the monthly update of MLS stats.  Overall, comparing Jan-July 09 versus '10, we are seeing about an 18% increase in transactions and about a 2% increase in price.  The year to date numbers for transactions looks good, but it is now falling from it's high last month of 29% and will continue to do so since the tax credit is gone.  2010 will probably end up with just a few more transactions than 2009, certainly again below 9000 transactions.

-Also indicated in green and red are the numbers that were significantly different than the overall market numbers.  This was only done for areas that have enough transactions for the percentages to be

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26 Commissioners Court - Hanahan Plantation

Take a look at this video tour of a wonderful home located at the end of a cul-de-sac.  A great location in Hanahan Plantation, the back yard borders the Goose Creek Resivoir.  A perfect home for any family, and the neighborhood affords a community swimming pool and optional boat & RV storage!

 

 


 

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Downtown, Charleston SCTravel & Leisure Magazine has come out with their annual list of 'World Cities' based upon the readers' votes and guess which city has secured a spot for 'Best World Cities in the US & Canada'?  Coming in at #3 is none other than Charleston, South Carolina!  Charleston is #3 with Travel & Leisure.

We've actually beaten out such cities as: Chicago, Washinton DC,  Los Angeles, and Boston.  With the draw of historic downtown, the beaches, and the beautiful weather- there truly is no reason not to love this paradise we're living in.

If you have any questions about the Charleston area, please give me a call.  I enjoy talking about our wonderful city and would like the opportunity to talk about it!

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