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 : October 2012 National Housing Trends
Drop in Distressed Properties, Election Jitters, Shape September Market
HousingPulse finds A continuing slide in the volume of distressed properties seen in the housing market is helping to boost home prices in many parts of the country, the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey indicates.
Meanwhile, uncertainty about the impact of the upcoming national elections appears to be causing some would-be homebuyers to delay taking any action until after November, according to a number of real estate agents who participated in the October HousingPulse survey.
Perhaps the biggest news in the housing market in recent months has been a steady rise in home prices in many areas of the country. One major reason behind the rise in home prices, HousingPulse results reveal, is a fairly sharp drop in the share of distressed properties found in recent home sales.
The HousingPulse Distressed Property Index (DPI), which tracks the proportion of home purchase transactions involving distressed properties, fell to a record low of 38.6% in September based on a three-month moving average. This was the fifth month in a row that the DPI has fallen, and is now down more than 10 percentage points from the near-record-high 48.7% DPI level recorded in February of this year.
The precipitous drop in the share of distressed properties in the housing market is largely attributable to fewer foreclosed properties or real estate owned (REO) being put up for sale by banks. Learn more about the October 2012 National Housing Trends here.
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Sincerely,
"Carolina Joe" Idleman
http://www.charlestonscrealestateforsale.com
