The Charleston, South Carolina area is a great place to live or have a vacation home. The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country. It is because of these reasons that I believe Charleston SC Homes are truly unique. I look forward to helping you with any of your Charleston SC Homes For Sale needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:
Charleston SC Homes For Sale : August 2012 National Housing Trends
Investors Retreat From Housing Market Latest HousingPulse Survey Results Show
Investor participation in the housing market dropped sharply in July, establishing a two-month trend and showing a clear reversal of long-term growth in investor purchases of residential properties, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
Investor participation in the housing market fell to 21.9% of all transactions in July, from 23.5% in June, based on a three-month moving average. Investor participation back in May of this year hit a two-year peak of 25.3% of all transactions.
Real estate agents responding to the HousingPulse survey indicated that recent price increases caused the sharp reversal in investor interest. “Investors are dropping out due to the increase in prices,” reported an agent in California. “Prices are too high here for investors,” added an agent in Massachusetts.
While a rise in sales-to-price ratios was one of the most visible signs of improvement in the non-distressed property sector of the housing market, the average time on market for non-distressed properties also registered a strong improvement. “Smart money” is beginning to leave the market, according to HousingPulse survey respondents. “Investors are having a hard time finding what they want. Starting to see ‘dumb’ investors enter the market, the ‘smart’ ones are exiting the buying,” reported an agent from Arizona. “Investors need a deal. There are not as many opportunities as there was this time last year. It seems all the rookie investors are buying now and paying too much,” observed an agent in Florida. Learn more about the August 2012 National Housing Trends.
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"Carolina Joe" Idleman