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  • Charleston Sc | Charleston Real Estate Happenings Blog

    Monday, March 15, 2021   /   by Steve Smith

    How to Make A WINNING OFFER on Your Next Home in Today's Market

    How to Make a Winning Offer on a Home


    Today’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Here are five tips for success in this critical stage of the homebuying process.

    1. Listen to Your Real Estate Advisor

    An article from Freddie Mac gives direction on making an offer on a home. From the start, it emphasizes how trusted professionals can help you stay focused on the most important things, especially at times when this process can get emotional for buyers:


    “Remember to let your homebuying team guide you on your journey, not your emotions. Their support and expertise will keep you from compromising on your must-haves and future financial stability.”

    A real estate professional s ...

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    Wednesday, March 10, 2021   /   by Steve Smith

    https://www.charlestonmetrohomes.com/blog/there-housing-bubble-about-burst-think-again/

    6 Simple Graphs Proving This Is Nothing Like Last Time


    Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance mirrors that of the last housing boom and, as a result, we’re now headed for another crash.

    However, there are many reasons this real estate market is nothing like 2008. Here are six visuals to show the dramatic differences.

    1. Mortgage standards are nothing like they were back then.

    During the housing bubble, it was difficult not to get a mortgage. Today, it’s tough to qualify. Recently, the Urban Institute released their latest Housing Credit Availability Index (HCAI) which “measures the percentage of owner-occupied home pu ...

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      charleston real estate, charleston sc, charleston, homes for sale, real estate, condos for sale, houses for sale, town homes for sale, property management, rentals, www.charlestonmetrohomes.com

    Monday, March 8, 2021   /   by Steve Smith

    Is It a Good Time to Sell My House?

    Is It a Good Time to Sell My House?


    Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to regain their confidence when it comes to selling safely. The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae shows that 57% of consumers believe now is a good time to sell.
    Doug Duncan, Vice President and Chief Economist at Fannie Mae, explains:

    “Overall, the index’s monthly increase was driven largely by a substantial jump in the share of consumers reporting that it’s a good time to sell a home, with many citing favorable mortgage rates, high home prices, and low housing inventory as their primary rationale.”

    Normally, spring is the busiest season in the housing market – the time when many homeowners decide to list their houses. While this is obviously not a normal year since the pandemic is ...

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    Wednesday, December 9, 2020   /   by Steve Smith

    Are Home Prices Heading Toward a Bubble?

    Are Home Prices Headed Toward Bubble Territory?


    Talk of a housing bubble is beginning to crop up as home prices have appreciated at a rapid pace this year. This is understandable since the appreciation of residential real estate is well above historic annual averages. According to the Federal Housing Finance Agency (FHFA), annual appreciation since 1991 has averaged 3.8%. Here are the latest 2020 appreciation numbers from three reliable sources:

    FHFA: 7.8%


    CoreLogic: 7.3%


    Case-Shiller: 7%

    It’s easy to jump to the conclusion that house appreciation is out of control in today’s market. However, we need to put these numbers into context first.
    Inflation and the Comeback from the Housing Crash
    Following the housing crash, home values depreciated dramatically from 2007-2011. Values are still recovering from that unusually long period of falling prices. We must also realize that normal inflation has had an impact.
    Bill McBride, the foun ...

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      charleston real estate, charleston sc, charleston, homes for sale, real estate, condos for sale, houses for sale, town homes for sale, property management, rentals, www.charlestonmetrohomes.com

    Wednesday, November 18, 2020   /   by Steve Smith

    Waiting to Get a Deal on a Foreclosure? Experts Say You're Wasting Your Time!

    Chances of Another Foreclosure Crisis? “About Zero Percent.”


    There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program.
    During the housing crash of 2006-2008, many felt homeowners should be forced to pay their mortgages despite the economic hardships they were experiencing. There was no empathy for the challenges those households were facing. In a 2009 Wall Street Journal article titled Is Walking Away From Your Mortgage Immoral?, John Courson, Chief Executive of the Mortgage Bankers Association, was asked to comment on those not paying their mortgage. He famously said:

    “What about the message they will send to their family and their kids?”
    Courson suggested that people unable to pay their mortgage were bad ...

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      charleston real estate, charleston sc, charleston, homes for sale, real estate, condos for sale, houses for sale, town homes for sale, property management, rentals, www.charlestonmetrohomes.com