Once upon a time there were two shamans in a tribe. They both tried to predict how bad the upcoming winter would be. One threw rabbit bones and predicted a harsh winter. The other threw squirrel bones and predicted a mild winter. The winter was mild, … [Read more...]
Foot Traffic: Charleston Trident Association of REALTORS®
Foot traffic provides a strong indication of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic surged 20% over the 12-month period ending in May in the area covered by the Charleston … [Read more...]
Buy a greener home, qualify for a better mortgage?
There are a handful of tax breaks for homeowners who improve the energy efficiency of their homes — essentially, the government reduces your taxes if you make your house greener. Now a bill introduced in the Senate by senators Michael Bennet … [Read more...]
Government will subsidize flood insurance for another year
The National Flood Insurance Program was in the black until Hurricane Katrina; since then it’s been in debt to the tune of about $20 billion. (Which, of course, illustrates why it’s a government program and not offered by private … [Read more...]
Homeowner Equity
Housing equity rose nearly 30%, or nearly $2 trillion, over the past year as prices rose, home purchases rebounded, and mortgages outstanding continued to decline according to first quarter data from the Federal Reserve’s Flow of Funds. Mortgage debt … [Read more...]
Buying a House: Is Now the Time?
The real estate community is often criticized for always seeming to have a Pollyanna attitude about the housing market. Many believe that the industry’s current call ‘to buy now’ is nothing more than a scare tactic with the sole purpose of creating … [Read more...]
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