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Equity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic, the average homeowner gained $9,800 in equity over the past year. In addition, experts project 2020 home prices to continue rising. With prices going up, equity gains will also keep accelerating.
As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come.
November 3 is quickly approaching. I would suggest downloading a sample ballot so that you are prepared when it is your time to vote. www.SCVotes.gov
The residential real estate market in Charleston and surrounding areas has never been hotter and more competitive, but our Fall 2020 Buyer’s Guide is just the ticket to help you navigate the market.
The September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work.
The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the upcoming election, and more? Here’s a look at what several industry-leading experts have to say.
David Kent, President of The Real Buyer's Agent, Charleston 1st Exclusive Buyer's Agency, talks review the real estate market data for September 2020. His presentation compares 2018, 2019 and 2020 real estate market in Charleston, Berkeley and Dorchester Counties.
A Look at the Charleston Market with Broker David
Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them.