Market in Recovery.
With a market in recovery, the number of listings is increasing and home buyers are given more inventory to choose from. Real Estate experts suggest that 2014 will be a great year for real estate because of increasing demand.
It seems as though the real estate market is booming here in Charleston. In 2013, Charleston home sales reached an all time, five-year high, and house flipping in South Carolina increased by almost 16%. With the economy reaching stable ground, people are more confident in keeping their jobs, and because of this real estate is seeing a steady increase in big consumer purchases. Consumers are finding themselves with a strong urgency to buy because of the low loan rates and a high feeling of empowerment with employment opportunities increasing.
The housing market and economic health are tightly tied together, therefore we see people beginning to make bigger purchases as our economy begins to level out. Seabrook is no different, we expect 2014 to be a big year!
Thanks for reading!
“Like” us on Facebook, Seabrook Island Real Estate, for more Real Estate happenings on the Island.