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 : January 2014 National Housing Trends
Investor Enthusiasm Is Lacking but MostHousing Markets Showing Signs of Stability
Trends in investor traffic took an uncharacteristic divergence from trends in traffic from current homeowners and first-time homebuyers in December, according to the latest results from the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. However, six months after interest rates started to rise, the housing market shows remarkable resilience.
While investor traffic has largely moved in step with traffic from other buyers in recent years, the investor traffic index in December lagged behind owner-occupant indexes. The investor traffic index for December was at 46.5, essentially flat compared with the previous month. The index tracks sentiment of agents. Any average above 50 is rising; any average below 50 is falling.
The owner-occupant indexes were both up sharply in December compared with the previous month. The current homeowner traffic index even shifted into rising territory, from 47.1 in November to 50.5 in December. Investors accounted for 18.5% of home purchases in December, based on a threemonth moving average, also flat compared with the previous month. In December 2012, investors accounted for 21.5% of home purchases, based on a three-month moving average.
The decline in investor participation is tied to rising home prices and a lack of inventory. “Prices have gone up significantly since the bottom of the market in 2010,” said an agent in Arizona. “Investors are now pulling back, but other buyers are all looking still for inventory below $150,000, which there is very little of, and not in good condition.” Learn more about the January 2014 National Housing Trends here.
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"Carolina Joe" Idleman
http://www.charlestonscrealestateforsale.com
