For the most part, hurricane Florence passed by our area with very little storm impact. A few strong wind gusts and high surf caused minimal destruction to property and beaches. After the storm,
Where have all of the houses gone
It was just a couple of years ago that a lot of folks were routinely saying, "I need to sell my house but there are so many foreclosures and short sales on the market that I won't get a good price". Yet, many home buyers had a different view. I often heard, “I am not going to buy until the housing market and interest rates hit bottom”. Depending on your definition of “good price”, or your understanding of “bottom” both statements can still be very true. However, in the best neighborhoods, the best school districts, the best towns, the inventory is stabilizing and starting to shrink. Now, I don't have a ton of statistics to persuade you with or an analytical club to hit you over the head to win my point. I just know it is not as easy to find clients the homes they want, and where they want it. With interest rates continuing at historical lows, costs of new construction staying the same or increasing, and special financing programs available for new or special group buyers, the market is changing. Try looking for the home of choice on our website, www.charlestonrealestatenow.com, and see for yourself. Am I right? Not as many? And what is this, are prices increasing? You be the judge.
Hank Johnson, a graduate of The Citadel, has a proven track record as a CFO, businessman, Entrepreneur and real estate investor. Hank has been active and successful in the Charleston community for ove....