The Charleston, South Carolina area is a great place to live or have a vacation home. The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country. It is because of these reasons that I believe Charleston SC Homes are truly unique. I look forward to helping you with any of your Charleston SC Homes For Sale needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:
Charleston SC Homes For Sale : June 2015 National Housing Trends
Housing Market Robust in May as First-Time Homebuyers Gain Market Share From Investors
The strong spring home buying season continued in May, according to results from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. A shift in activity from investors to first-time homebuyers has helped increase sales-tolist
price ratios and the average number of offers while driving down the average time on market.
First-time homebuyers accounted for 38.8% of home purchases in May, based on a three-month moving average, while investors accounted for a 15.4% share. The first-time homebuyer share hit a level not seen since August 2010 while the investor share has largely declined since March 2013.
First-time homebuyer activity has been helped by reduced costs for FHA mortgages while many investors have shifted from being purchasers to sellers as home prices remain elevated and the amount of distressed properties available for sale continues to decline.
Sales-to-list price ratios on non-distressed properties increased sharply for the third consecutive month, hitting 98.1% in May, the highest level measured in the five-year history of HousingPulse. A year ago, the sales-to-list price ratio for nondistressed properties was 97.6%.
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Sincerely,
"Carolina Joe" Idleman
http://www.charlestonscrealestateforsale.com
