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Greenville, SC 2013 Summer Market Update

Dan Hamilton’s current video highlights the real estate market’s progression this past Summer 2013. A quick summary of his video is posted below, but to gather all of the details make sure to watch!

Highlights

Question: How do you think the rising interest rates will affect our market?

  • The current market is more robust in terms of the decrease in home inventory and increase in people now looking for homes.
  • Interest rates are rising significantly and this past summer included one of the largest week-long interest rate hikes in over 20 years.
  • There are many changes in home affordability as a result of the increased rates, and in some cases this is reducing people’s buying power.
  • Keep in mind! Lock your rates in now before they have a chance to increase.

 

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