When will the Charleston real estate market "hit bottom"?  How much further down do we have to go until home prices begin to stabilize?  Well, no one really knows for sure but CNNmoney.com have published their analysis of the real estate market here in Charleston.  I wanted to share with you some interesting information I've found from it:

  • Out of the nation's 100 largest metro areas, Charleston, SC ranks 89.
  • The population for the city of Charleston is 603,178.
  • Home prices peaked in the first quarter of '07.
  • The forecast for home prices through March of 2010 (from now) shows being down 0.1%.  I find this hard to believe, as I believe the number to be more than that.  However, this forecast is great news for our local Charleston market.  Let's hope…

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housesfallingWith all the talk about the economy, the weakening dollar, and home values plummeting, you’d think the sky is falling.  Never mind that our local real estate market here in Charleston is on the rise!  Home sales are up for existing homes, as well as new construction in Charleston.  Market activity has increased.  Sales have increased.  I have been very busy lately, and my entire office is excited.  It’s infectious!

So why is now the right time to buy?  Well, for one, interest rates are basically the lowest we’ve seen.  Trust me, THIS WILL NOT LAST.  Interest rates and home values typically operate opposite of one another.  If interest rates are up, home values are down.  If home values are up, interest rates are down.  But for the first time, home values…

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I want to personally thank everyone involved with the production and assembly of this website.  It has taken months of preparation, programming, and dedication to getting the most robust real estate site for the Charleston area.  Thanks go to:  Morgan & Co. for SEO work, Julie for writing/content, Michael for functionality, Brad for site design & placement, and Nick for IDX and MLS compliance.  Thank you all!

We are confident you will be pleased with the functionality when searching for homes online, as we’ve utilized the latest technology and methods to bring you multiple different types of home searches.  We’ve developed a custom Charleston MLS home search, so you now have the ability to search by area, neighborhood, school, zip code, MLS number, and by…

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