J.D . Powers rated Keller Williams Realty with the highest real estate buyer satisfaction for the 2nd year in a row. Overall satisfaction is determined by examining three factors for the home-buying experience: agent, office, and package of additional services. The Charleston Keller Williams Realty offices started in 2003 with just 5 agents and has grown to 300 agents with 4 offices in the greater Charleston area. Congratulations Keller Williams Realty Charleston!
Anton Roeger of Keller Williams Realty Charleston Mt Pleasant compiled this graph showing the real estate housing indicators are very positive for the Mt Pleasant and Charleston housing market. Median price of a home is down sharply, personal income is steady, the affordability index is back to Sep 03 levels (the lower affordability index the more affordable housing is locally). Finally, interest rates are below 5% for 30 yer fixed rate. This is a great opportunity for buyers to purchase their new home.
The Charleston real estate buyers are actively looking at Charleston homes for sale in Dorchester County. Dorchester County is seeing showing activity at the same level of summer months. Berkeley County and West Ashley in Charleston County are seeing a significant upturn in showing appointments for homes for sale based on the Centralized Showing Service. Sunny Charleston SC weather, great interest rates and competitively priced homes are bringing out the buyers.
Charleston real estate buyers moved from West Ashley to Dorchester County this week. According to Centralized Showing Service, the number of buyer
appointments in Dorchester County had the best showing week since August 2008. In the other areas in metro Charleston all showed improvement in showings. With interest rates at or below 5% and significant price cuts on Charleston homes for sale, buyers are coming out to find a their next new home.
The Charleston real estate market and local economy will benefit from the Homeowner Affordability and Stability Plan, or in non Washington terms "save homeowners from losing their homes plan."
Here are the current mortgage rates for Charleston real estate buyers.
Mortgage rates on home purchase mortgages moved up and came back today to 4.875%
Bank of America is quoting rates as of 02/10/09:
If you are thinking about buying a home for sale in the Charleston area, the rates are still good.
The
“Fix Housing Act” will provide a $15,000 tax credit for homebuyers and
there is a provision to lower 30-year fixed rate mortgages rate down to
4-4.5% for eligible homebuyers. This would help get the real estate
market back on it feet and help create jobs across America. If you
agree with this bill, please contact your Senators and Representatives
so they can hear your voice.
If you are not familiar with this Act, click here for more information.
(Source: http://ensign.senate.gov/public/)
The Charleston real estate market is gaining steam since the 1st of the year. Take a look at the number of showings in Mt Pleasant and West Ashley, we are seeing the buyers searching for homes across the Charleston area as level from late summer in 2008. We should see more real estate contracts in February 2009. In the below $250,000 range for Mt Pleasant, we are hearing multiple offers on homes for sale.
