Greenville, SC Home Buyer's Blog

Homeownership rate fell again
July 29th, 2010 7:06 AM
The homeownership rate fell to a level not seen since 1999 in the second quarter, according to a report from the U.S. Census Bureau and the U.S. Department of Commerce. The rate had previously fallen to 2000 levels in the first quarter. The rate, 66.9 percent, was about 0.2 percentage points lower than the first quarter's rate of 67.1 percent, and about 0.5 percentage points lower than 2009's second-quarter rate, 67.4 percent, the report said. Homeownership peaked in 2004, when it was at 69.2 percent for both the second and fourth quarters.Regionally, the West and the South saw the biggest quarter-over-quarter declines in homeownership, to 61.4 percent from 62.5 percent in the West, and to 69.1 percent from 70 percent in the South. The Midwest had the highest rate and was the only region to see its rate increase in the past year: to 70.8 percent from 70.5 percent. The rate in the Northeast stayed roughly level at 64.2 percent.
Posted by Keith Clark on July 29th, 2010 7:06 AMPost a Comment (0)

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Mortgage Rates tie last week's record low!
July 22nd, 2010 9:24 AM

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®). 30-Year Mortgage Rates tied last week's record low.

30-year fixed-rate mortgage (FRM) averaged 4.57 percent with an average 0.7 point for the week ending July 15, 2010, unchanged from last week when it averaged 4.57 percent. Last year at this time, the 30-year FRM averaged 5.14 percent. This rate ties the all-time low reached last week in Freddie Mac's 39-year survey.

15-year FRM this week averaged 4.06 percent with an average 0.7 point, down from last week when it averaged 4.07 percent. A year ago at this time, the 15-year FRM averaged 4.63 percent.

Posted by Keith Clark on July 22nd, 2010 9:24 AMPost a Comment (0)

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Small Gains in Real Estate Outlook
July 12th, 2010 8:50 AM
Do we see Small Gains in the Real Estate Outlook.....If you're looking for a useful way to interpret where we're headed with the U.S economy --and housing prospects in particular - consider this viewpoint from Dallas Federal Reserve Bank president Richard Fisher: ClickHeretoViewWebcast
Posted by Keith Clark on July 12th, 2010 8:50 AMPost a Comment (0)

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Mortgage Rates
July 7th, 2010 7:13 AM
30-Year Fixed Mortgage Rates Still at 4.5 %. Conventional 30-year fixed rate mortgages are still at 4.50 % for well-qualified borrowers paying 1 point origination, 15-year financing is available at 4.00%. APR on an FHA mortgage with the same note rate as a conforming loan is a little higher because of MI and other FHA fees. Today's jumbo 30-year fixed mortgage rate is at an all-time record low as well, 5.25%. Call JD at First Palmetto Mortgage to get your Customized Mortgage Solution and call me to take advantage of the market conditions.
Posted by Keith Clark on July 7th, 2010 7:13 AMPost a Comment (0)

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Market Conditions Update
May 30th, 2010 12:00 PM
This months local market spin from our Association of Realtors! ClickHeretoView
Posted by Keith Clark on May 30th, 2010 12:00 PMPost a Comment (0)

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December Market Update
December 16th, 2009 8:54 PM

The market hit bottom during the summer and has begun a move in the positive direction, all be it at a slow pace. October was the first month this year that the number of transactions was up from the previous year and it was a healthy increase of 17.4%. November solds increased year over year by 40% to 581 Units. The median price has fallen almost 10% this year but inventory has also fallen steadily from the Spring and both numbers indicate the market is moving back toward equilibrium, although again at a very slow rate. The extension and expansion of the tax credit has clearly had a positive impact on the market and it’s probably safe to say that the numbers will continue to improve through the Winter and Spring.

    November MLS Statistics
November Solds 508 + 40 %
Average Price $157,491
Median Price  $132,900

       Year to Date Statistics
YTD Solds 6,251 Down –16.8 %
Average Price  $166,112 – 10.1 %
Median Price   $139,900 – 9.4 %%

Posted by Keith Clark on December 16th, 2009 8:54 PMPost a Comment (0)

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September 2009 Newsletter
September 17th, 2009 10:05 AM
The local market seems to have reached bottom as inventory dropped below 6900 units in August and the number of closed transactions is not down quite as much (15.7%) as first and second quarters. The "Cumulative MLS Statistics" below open as a .pdf file and provide a very clear snapshot of the current market compared with previous years. I hope you enjoy the update and please forward this email to any of your colleagues who may be considering buying a home in the near future. If you have any questions or would like to discuss the market in more detail please don't hesitate to call my cell. Best regards, Keith (420-0262)
SeptemberMarketClick
Local Market Conditions
The Upstate was late to the slow down but it has been painful for all of us during the past two years. Click on the image to the right and review our August e-zine on the local market condtions and click on the links below to review July's MLS statistics.
 
 
We at The Buyer's Broker believe the more you know, the more you will want The Buyer's Broker of Greenville to represent you in your next real estate transaction.
Posted by Keith Clark on September 17th, 2009 10:05 AMPost a Comment (0)

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Today's Radio Show
August 22nd, 2009 10:21 AM
It was a very good show! There were many calls. We discussed the $8000.00 first time home buyer tax credit. I discussed defining client goals and objectives, the importance of a Right Price Analysis before you make and offer and how critical it is to have a team of high quality professionals working on your transaction. Exclusive Buyer's Agent, great mortgage professional, experienced and ethical attorney, and all the related inspection professionals. Click Here For $8,000 Tax Credit for First Time Homebuyers...
Posted by Keith Clark on August 22nd, 2009 10:21 AMPost a Comment (0)

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August Market Update
August 15th, 2009 10:02 AM

Click on the image to review this month's market update!

Posted by Keith Clark on August 15th, 2009 10:02 AMPost a Comment (0)

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Feedback to listing agents can be detrimental to your health
July 25th, 2009 12:58 PM
Listing agents want viewing feedback for two reasons. They want to know if you are interested in the house and they want you to provide the negative feedback they already know, but have not conveyed to their seller client. Conveying your interest in a home to a listing agent before you make an offer can only hurt you financially. Your thinking, how? If you convey interest in a home to the listing agent, they will exaggerate that interest and convey it to every agent that recently showed the property. This tactic is designed to generate a sense of urgency and demand that may or may not be there. If another party is interested in the property you can be sure the listing agent will call your agent and let them know. Neutralizing an unethical listing agent requires skillful strategies, knowledge of the market, and always keeping your client's best interest at heart.
Posted by Keith Clark on July 25th, 2009 12:58 PMPost a Comment (0)

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Thornblade Inventory and Right Price Analysis
July 24th, 2009 8:58 AM
There is a home in Thornblade we like but I think it's overpriced a little and probably won't appraise. There are 27 homes available in Thornblade ranging from 435K-2.4M. It's very important in today's environment that you know exactly what the data says before you make an offer. Negotiations will be tough!!!! Click Here to View Thornblade Inventory.
Posted by Keith Clark on July 24th, 2009 8:58 AMPost a Comment (0)

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Claremont Inventory of Homes $589K-$758K
July 23rd, 2009 9:51 AM
I'll be in Claremont viewing all the inventory today ClickHeretoViewListings. Goodwin Foust Builders just started a 3100 square foot home which is significantly smaller than the other homes in the neighborhood. This will probably be the trend in Claremont since the market has not absorbed the 700-800K product like the developers anticipated. http://www.claremont-sc.com/ If your looking for a good opportunity call me to discuss. 864-420-0262. Keith
Posted by Keith Clark on July 23rd, 2009 9:51 AMPost a Comment (0)

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July Market Update
July 9th, 2009 10:54 AM

Click on the image below for this months market update.

Posted by Keith Clark on July 9th, 2009 10:54 AMPost a Comment (0)

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May Market Update
May 8th, 2009 7:15 AM

Click on thumbnail icon below to see this month's market update. If you would like to have a more detailed discussion of market conditions just give me a call on my cell phone at 864-420-0262. Keith

Posted by Keith Clark on May 8th, 2009 7:15 AMPost a Comment (0)

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Local Market Update
April 4th, 2009 9:46 AM

Click on thumbnail icon below to see this month's market update. If you would like to have a more detailed discussion of market conditions just give me a call on my cell phone at 864-420-0262. Keith

MarketClick Magazine 

Posted by Keith Clark on April 4th, 2009 9:46 AMPost a Comment (0)

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