Real Estate Market Looking Good For Charleston!

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


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