In 2019, the housing market consisted of reduced mortgage rates, large demand, and tight inventory. In 2020, it is heavily predicted that these conditions will continue to intensify making real estate more competitive for the upcoming year.
The chairman of the U.S. Federal Reserve, Jerome Powell, recently announced that the central bank would be lowering interest rates by one-quarter of a percentage point. The move comes amid some signs of slowing economic activity, especially reduced business investments and lower manufacturing output. Other factors, including consumer spending, indicate that the U.S. economy is…
Greenville is booming! With steady population and business growth, a revitalized downtown core, and an affordable cost of living, it’s no wonder that Greenville has become one of the most attractive destinations in the south. Downtown Greenville is becoming a destination No matter how you measure it, it’s clear that the city of Greenville, and…
It’s tax season once again, and whether you’ve owned the same home for a while or you purchased a new home in 2018, you probably have some questions about the tax deductions available to homeowners under the new Tax Cuts and Jobs Act (TCJA) passed by Congress beginning with the 2018 tax year. This guide…
2019 is poised to be another busy year for the real estate market. We will likely see the continuation of some current conditions, as well as new developments that will shift buying and selling activity. It will remain a seller’s market, but only slightly Sellers are still expected to see favorable conditions throughout 2019, but…
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…