CTAR Residential Market Update provided excellent news for those of us involved in residential real estate. Here are a couple of key points made by the economists:
· South Carolina is in the top three US states for economic growth
· Charleston had a 12.5% increase in residential sales transactions over 2011
· 78% of all transactions were resales vs new construction-they pointed out that it was a historically high %
· We have had 3 quarters in a row of increases in the housing price index
· Job gains are broader in the Charleston, driven in part by manufacturing
· The economists predicted that interest rates will be held low by US government
The Village Connection :: Old Village Real Estate :: Mount Pleasant, SC 