The end of May signaled the 15th week that interest rates have risen since the year began. Only 21 weeks into 2018, that’s a 71%increase. This marks the highest rate of interest increases since 1972 which is when Freddie Mac started tracking this data. With the country’s strong economic growth and rise in inflation, the…
President Trump’s promised update of the United States’ tax code became a reality when the Senate approved its drastic changes in late December 2017. The massive overhaul — the largest in more than 30 years — leaves many current and potential homeowners in South Carolina wondering what it means to them. Below are several key…
After emerging from the economic recession and collapse of the housing bubble in the late 2000s, the U.S. housing market has bounced back with remarkable strength and has shown steady growth for several consecutive years. Data suggests that this recovery is projected to continue into 2018 and beyond.
The real estate market is seeing some of its strongest numbers since the housing crash of 2008, with home values peaking across the country. However, economists are also warning against mortgage interest rate hikes. With this in mind, now is a good time for homeowners to be proactive in making sure they’re not paying more…
In any real estate transaction, there’s plenty of industry jargon that can be confusing to buyers, sellers, and investors alike. To make things easier, we’ve put together a list of some of the most common real estate terms and a brief explanation of each so you can feel a little more confident in your next…
While the United States Federal Reserve doesn’t directly set mortgage interest rates, the actions the Reserve makes can have an indirect effect on mortgages rates and the overall housing market. The same applies to the global economy. Still, if you’re thinking about buying or selling in Greenville in this market, it’s important to have a…
Throughout 2016, mortgage rates hit record lows and the residential real estate market saw one of its best years in a long time. While it is impossible to know exactly what the real estate market will do, we can look at several factors that will impact 2017. Prospective buyers and sellers should prepare for the…
As Downtown Greenville has become a more in-demand place to open up shop, commercial rental rates have spiked considerably. In fact, the average rental rate downtown is in the mid-to-high $20s (per square foot), which is an increase of $5 to $10 per square foot compared to just a decade ago.
When preparing to buy a home, it’s always a good idea for prospective buyers to research interest rate trends and projections; after all, even a seemingly slight fluctuation in interest rates can have a significant impact on how much you’ll pay over the life of your home loan. For instance, while a 3.5% interest rate…
Downtown Greenville, South Carolina is a bustling hub of business and entertainment; and unlike many larger cities, it’s also home to an impressive offering of beautiful public parks and green space. Each day, thousands of people make the commute into the city to work. If you’re one of these people, have you ever thought about…
Greenville, SC – The Parker Group is excited to be marketing a new 18 unit town home development coming to downtown Greenville. Pricing will start at $375,000 and each residence will feature 2 car garages and rooftop terraces. The development has been named M West, paying homage to its physical location on the west end…
The Parker Group has been selected as the exclusive brokerage firm to handle the marketing and sale of the historic West End Market in downtown Greenville, SC. The lead agent is Drew Parker, CCIM. Originally built in 1891, the West End Market has anchored Greenville’ s historic west end for over 100 years. Once a bustling…