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As we head into fall, things are getting a little dicey. With interest rates on the rise and the cost of living going up
We are living in unprecedented times and there is no way to gauge what the future holds, at least in real estate market terms
Never before in recent history, if ever, has there been such a shortage of inventory in the Summerville, SC area, or really anywhere in the nation. Rebounding from the pandemic and hopefully heading into a post-recovery phase
I think we can all agree that it wasn’t that difficult to say goodbye to 2020. In an unprecedented year, we have all had challenges, whether it was sick loved ones, or just muddling through our “new normal”. And although some of the hurdles have come from business woes due to shutdowns, it would appear that the real estate market not only persevered through the storm, but it came out with gusto. As we head into 2021, there doesn’t seem to be an end, at least for now, to our red hot market. But what are forecasters saying for the New Year ahead? Is it time to list, or time to stay put?
Although the interest rates vary from one day to the next, the one thing that remains steady is that they are historically lower than any other time in the recent past. A 30-year fixed rate is close to about 3%, which is about as low as I have ever seen throughout my career.
The past several months have been difficult for all of us, and a lot of small businesses have had a really tough time surviving in the current atmosphere of social distancing and quarantine. But in the world of real estate, the spring is about more than just warm weather and school ending.
If you are wondering whether you should use real estate investments to build wealth, these are things you need to consider first and foremost before just googling “realtor near me, ” and starting your search blindly.
By all indications, 2019 was an excellent year for real estate, and the trend seems to be continuing. The strong employment market combined with record-low mortgage rates is an amazing recipe for buyers looking to move or trade-up this spring.
