NAR Research’s new survey out today on millennial student debt offers up some sobering news that has both implications for the housing market and overall economy. Consider the key findings highlighted below. Millennials are typically carrying a student debt load ($41,200) that surpasses their annual income ($38,800) 83% of the millennial non-homeowners believe student debt has… Continue Reading Student Debt Delaying Millennials’ Life
SCR released new versions of the forms listed below on September 1, 2017. This mid year change was primarily a risk management change to the earnest money language. You can view the changes as highlighted by clicking the links below: Recently Updated Forms: SCR310: AGREEMENT/CONTRACT: TO BUY AND SELL REAL ESTATE (RESIDENTIAL) SCR311: DUE DILIGENCE… Continue Reading Recently Updated & Proposed Changes to SCR Forms
Smaller commercial properties in secondary markets are still attracting buyers at good prices, but demand for big-market mega-properties appears to be easing, NAR second-quarter data suggest. Large markets saw a 5 percent annual decline in sales, while smaller markets saw a sales boost of 4 percent. “Shrinking cap rates and the higher interest rate environment… Continue Reading Small Markets See 4% Gain in Commercial Property Sales
FOR IMMEDIATE RELEASE CONTACT: Sharon Delia (803) 772-5206 REALTORS® release August market numbers COLUMBIA, S.C. (September 18, 2017) -- South Carolina REALTORS® (SCR) today released its August housing market data. The numbers indicate that prevailing inventory and sales trends lasted throughout the summer. New listings were up almost almost two percent to 10,004 while pending… Continue Reading REALTORS(R) release August market numbers
By Patti Stern, PJ & Company Staging and Interior Decorating Has your property been on the market for months with little buyer interest? With a competitive fall market ahead, it may help to reassess the condition of your home, make necessary updates, then re-list a new and improved staged property to generate new buzz and… Continue Reading What to Do if Your Home Doesn’t Sell
FOR IMMEDIATE RELEASE CONTACT: Sharon Delia (803) 772-5206 David Kent named 2017 South Carolina REALTOR® of the Year COLUMBIA, S.C. (September 15 2017) -- South Carolina REALTOR® (SCR) member and Broker in Charge of The Real Buyer’s Agent, David Kent, was named the association’s 2017 REALTOR® of the Year at its annual conference and expo… Continue Reading David Kent named 2017 South Carolina REALTOR(R) of the Year
At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates increased to 4.14 percent this July, up compared to 3.77 percent a year ago. Housing affordability declined from a year ago in July moving the index down 8.1 percent from 160.6 to 147.6. The median sales… Continue Reading July 2017 Housing Affordability Index
Hurricanes, copyright, retail, hygge, moving, design, archaeology, and rare animals. When the media tells you not to go outside during extreme weather, then goes out into extreme weather… Who owns the rights to the photo when a monkey takes a picture with an unattended camera? How will retail stores adapt to the changing needs of… Continue Reading What We’re Reading: September 11-15
FOR IMMEDIATE RELEASE CONTACT: Sharon Delia (803) 772-5206 South Carolina REALTORS® conference draws more than 400 Realtors® statewide COLUMBIA, S.C. (September 14, 2017) -- South Carolina REALTORS® (SCR) 2017 annual conference and expo, Realtor® Revolution at the Hyatt Regency in Greenville, August 30th-September 1st, drew more than 400 residential and commercial Realtors® from across the… Continue Reading South Carolina REALTORS conference draws more than 400 Realtors statewide
WASHINGTON (September 14, 2017) – The U.S. Senate today approved the nomination of Pam Patenaude as deputy secretary at the Department of Housing and Urban Development. Following is a statement from NAR President William E. Brown on the vote: “Pam Patenaude is the right choice for deputy secretary, and Realtors® are pleased to see her… Continue Reading Pam Patenaude Right Choice for HUD Deputy Secretary, Say Realtors®