Corelogic (R) reported in their latest Homeowner Equity Insights that U.S. homeowners with mortgages have seen their equity increase by a total of nearly $2.9 trillion since the second quarter of 2020, an increase of 29.3% year-over-year.
Source: CoreLogic
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November is going to be a busy month! Several local area municipalities have elections on the 2nd, clocks turn back an hour when Daylight saving time ends on the 7th, Veterans Day is on the 11th (although the parade in downtown Charleston will be on the 6th) and Thanksgiving will be celebrated on the 25th this year. The Charleston area also has a few annual fairs and festivals happening this month, like the 8th Annual Charleston Beer Week (1st-7th), the 2021 Coastal Carolina Fair (1st-7th), the 2021 Blues Festival (20th) and more!
There’s also a variety of sports, entertainment and other special events taking place as well as the continuation of several area farmers markets. Run...
SC Ports To Have 1st Woman Lead a Top-10 US Container Port
The current president and CEO of the SC Ports Authority (SCPA), Jim Newsome, will be stepping down effective next July 2022 after 13 years “at the helm”. He is recognized for expanding and enhancing port infrastructure and operations and making strategic investments that have resulted in a doubling of cargo volumes over a 10-year period. The SCPA board has unanimously approved the appointment of Barbara Melvin, its current COO who first joined the SCPA in 1998, to replace him. She will be the first woman to run a Top 10 container port in the US. Melvin, as COO, has been overseeing daily port operations as well as directing majo...
This renovated 4br/1.5ba + den, 1-story home in the Old Village is only a short walk or ride to Mt. Pleasant Academy, Pitt St. Pier and other nearby amenities. Upon arrival, note the fresh landscaping, ample parking and newer front porch, roof shingles, fencing and driveway. Once inside, take in the nice flow from the living room to both the den and dining area and the bright, s...
Beautiful 4-bedroom 2.5-bathroom family home built on a corner lot and ready to occupy!
Desirable Mount Pleasant schools, neighborhood pool, playpark, sidewalks and walking trails.
As you walk in the door onto the laminate floored foyer, there is an office with French doors on your right. Next you have the formal dining, enhanced by an arched entryway. Continue to the family room opening up to the kitchen/eat-in area. The kitchen has granite counters, stainless steel appliances and two pantry closets. A half bath, screened-in porch and attached 2-car garage complete the ground floor.
Upstairs the large and bright master bedroom with master bath, separate tub/shower, dual sinks, enclo...
WalletHub, a company devoted to helping consumers improve their financial planning, has published their most recent “Best & Worst States to Retire” ranking, in which Charleston, SC was ranked as the No. 2 BEST PLACE to retire in the U.S. Here are the Top 10 cities. Read the full article.
Wow, there is so much going on in the Charleston area this month! There’s truly something for everyone! Several fairs, festivals and holiday events are planned, including the MOJA Arts Festival (1st-10th), the Goose Creek Fall Festival (2nd), Summerville’s Flowertown Festival and the Charleston Greek Festival (both 8th-10th), the Columbus Day long weekend (9th-11th), Charleston’s Latin American Festival (10th), Mount Pleasant’s Children’s Day Festival (17th), Folly Beach’s FollyPalooza (20th), the Coastal Carolina Fair (28th - November 7th) and Halloween (31st). Plus, if you love beer, Oktoberfest continues on from September into early this month AND Charleston Beer Week runs from...
Charleston Remains No. 1 Among Travelers and Retirees
Charleston is the No. 1 US city for the 9th year running among travelers who voted in Travel + Leisure magazine’s annual survey for its 2021 World’s Best Awards. It also ranked 18th on its list of cities across the globe. It’s no surprise that it earned these rankings for its culinary scene, beautiful architecture and historic charm. Read more here and here.
Plus, a recent study of over 180 US cities conducted by WalletHub found that Charleston is the No. 2 place to retire in 2021, led only by Orlando at No.1 and up one spot from last year. Nearly 50 metrics were taken into account, such as affordability, health care, availa...
It’s September and with that comes the Labor Day long weekend (4th-6th) and cooling temperatures. We also have some great events to look forward to, including the Lowcountry Jazz Festival (3rd-5th), Charleston Restaurant Week (9th-19th), the Summerville Sweet Tea Festival (18th), the 44th Annual Cooper River Run (25th), the new High Tide Music Festival (25th) and the 8th Annual Summerville Italian Festival (26th). Plus, our area farmers markets still have lots of offerings. We’ve listed several weekly and individual events below and provided links so you can find out more. Let’s have some fun!
Weekly events throughout September:
Tuesdays: Mount Pleasant Farmers Market, Moultrie Middle...
Isle of Palms - IOP - Ranked as Richest City in South Carolina
A report by Forbes Magazine ranks IOP as the state’s richest city with at least 1000 households. Based on data from the U.S. Census Bureau’s 2019 American Community Survey’s five-year estimates, it found that the city’s median household income was $122,228 and its mean household income was $175,009. When that constraint on minimum city size is removed, Kiawah claims this position on Forbes’ list. Its households have a median household income of $193,750 and a mean household income of $324,624. Recall that the median is the middle value when a data set is ordered from least to greatest while the mean (average) of a data set ...
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Call/text 843-900-0155 to arrange a showing!
This beautifully-maintained & upgraded 3-br/2.5ba home on a pond lot in Magnolia at Cane Bay Plantation is vacant & move-in ready! Inside, you'll love its open plan living & dining area with a gas log fireplace, well-equipped kitchen, 9-ft ceilings, master suite, welcoming loft, large laundry room, tankless water heater & attached 2-car garage. The kitchen boasts granite countertops, S/S appliances including a gas range, 42''-tall cabinetry & a central island. Upstairs, you'll find the loft, 3 bedrooms & 2 full bathroom...
Park Circle diamond in the rough! Perfect opportunity for investors, rehabbers or first time buyers looking to add their personal touch! This 3 to 4-br., 2.5-ba., handicapped equipped brick ranch home with lots of character features a master down, a large detached workshop, a well pump, a generator and a FROG with private access that may have rental income potential. The main level has a kitchen with ceramic tile floor, a formal living room with an electric fireplace, an eat-in dining area with oak hardwood floor, 2 bedrooms and a full bathroom. Plus, a newer addition (with vaulted ceiling, skylight, fireplace, bay window and French doors opening onto the raised bac...
For years now, virtual home tours have helped real estate buyers far and wide find the perfect home. From long-distance military personnel being relocated, to investors expanding their portfolio, to homeowners looking for a vacation getaway, this technology makes finding a house that’s a bit out of driving distance much easier. And for real estate agents, virtual tours have been a useful way to help buyers with their home search and to assist sellers in creatively marketing their listings.
Because of the pandemic, virtual home showing options recently experienced a huge spike in popularity. One survey found that nearly 33% of recent home tour requests were...
Charleston Leads the Nation with 4 of TripAdvisor's TOP 25 Fine-Dining Restaurants in 2021
TripAdvisor's 2021 Travelers' Choice "Best of the Best" Restaurant awards, which are based on traveler reviews and ratings, are out ... and Charleston leads the nation in the "Fine Dining" category, one of eight restaurant categories! Four local restaurants made its list of the Top 25 "Fine-Dining" establishments in the U.S in 2021. Halls Chophouse ranked 3rd, Circa 1886 9th, Peninsula Grill 14th and 82 Queen 25th. New York City had three restaurants make the list, while New Orleans, Yountville (CA) and Santa Fe (NM) each had two.
Among the seven other restaurant categories, Halls also rank...
Summer is speeding by and area schools resume mid-month. Fortunately, there are plenty of activities, events and entertainment on offer throughout August in the Lowcountry, with many listed below. Annual events taking place include the remaining days of the 2021 Festival of Houses & Gardens which wraps up on the 17th, National Night Out - when community members have the opportunity to meet local law enforcement - on the 3rd, and South Carolina's Sales Tax Free Weekend from the 6th through the 8th. If you're looking for fun themes to celebrate, it's National Watermelon Day on the 3rd, National S'mores Day on the 10th, National Mosquito Day on the 20th and Toasted Marshmallow Day on the...
The fabulous front yard & wide front porch draw you into this 4BD/2.5BA home with a large FROG & beautiful backyard! Its family room with a wood-burning fireplace with brick surround & the formal dining room with wood trim & molding welcome family & friends.
The kitchen boasts a breakfast nook with a bay window, granite counters & backsplash, S/S appliances (incl. microwave/ convection oven), extensive wood cabinetry, a pantry & a custom Italian ceramic tile floor. The 4 bedrooms & 2 full bathrooms are found upstairs.
The large master bedroom is a private oasi...
Mortgage rates are staying VERY LOW, despite some inflationary trends...
Home Owners: Have you refinanced recently? If your rate is at least 1% above these rates, I would strongly suggest you look into refinancing you mortgage loan. Try our affiliate company KELLER MORTGAGE, with ZERO LENDER FEES, COMPETITIVE rates and $1,000 cashback at closing: https://preapproval.kellermortgage.com/#/disclaimer?KWUID=220700&campaign_id=15
Home Buyers: Our real estate market is starting to turn around, right now you have 36% MORE OPTIONS to choose from than you had back in May. Take advantage of these rates now! https://preapproval.kellermortgage.com/#/disclaimer?KWUID=220700&campaign_id=15
Home Sell...
Our residential ACTIVE inventory in the Charleston, SC MLS has increased by more than 25% since its low point in May.
It appears that our "sizzling hot" market momentum has indeed TURNED AROUND!
Will home prices start falling? Unlikely - for a while! We have such low inventory that if demand keeps steady, it will take about 3 times the current inventory for prices to start to drop.
However, the rate of price increases will start decelerating (we're downshifting from fourth gear into third gear!). Buyers will have a little more leverage and a few more choices moving forward.
Were you waiting for the "top of the market" to sell your home?
This is it!
Call/text 843-900-0155 or DM m...
If you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. And with homes selling for record highs,1 the appraisal process—historically a standard part of a home purchase—is receiving more attention than ever. That’s because some sellers are finding out the hard way that a strong offer can fizzle quickly when an appraisal comes in below the contract price. Traditionally, the sale of a home is contingent on a satisfactory valuation. But in a rapidly appreciating market, it can be difficult for appraisals to keep pace with rising prices.
Thus, many sellers in today’s market favor...
