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 : December 2012 National Housing Trends
Improving Housing Market Likely to Continue into 2013
This year’s gains in the housing market are likely to continue into 2013, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking
Survey results.
A combination of factors, including declining time-on-market, a drop in distressed properties and rising average home prices, are all pointing to a
strengthening housing market in the months ahead.
Separately, real estate agents are expressing mixed opinions on the impact of a possible reduction or elimination of the mortgage interest deduction in 2013.
Most warn that a change would “devastate” the housing market, while others predict only a modest impact on home sales.
The November HousingPulse findings show homes are selling at a relatively brisk pace. Time-on-market for non-distressed homes averaged 12.2 weeks last
month, down from 14.5 weeks a year earlier.
One big factor having a positive impact on the housing market, particularly home prices, is a continuing decline in distressed properties.
The HousingPulse Distressed Property Index dropped to its lowest level in three years in November. Just 33.7% of the home purchase transactions tracked last month
involved distressed properties.
This was down from 41.4% a year earlier and from a record-high of 45.6% in March 2011. Learn more about the December 2012 National Housing Trends here.
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Sincerely,
"Carolina Joe" Idleman
http://www.charlestonscrealestateforsale.com
