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 : March 2013 National Housing Trends
Improving Housing Market Likely to Continue into 2013
First-time homebuyers, worried about rising mortgage interest rates and climbing home prices, are returning to the housing market in early 2013. According to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey results, first-time homebuyers accounted for 34.5% of home purchase transactions in February based on a three-month moving average. That was the second monthly increase for first-time homebuyers, whose share of the housing market hit a four-year survey low of 32.9% in December.
Even more encouraging was a surge in first-time homebuyer traffic in February. The HousingPulse Homebuyer Traffic Diffusion Index for first-time homebuyers, an indicator of future home purchases, hit a four-year survey high of 66.4% in February. Any score above 50% with the index reflects an increase in home shopping traffic. “First-time homebuyers are the wildcard in the upcoming spring-summer homebuying season,” said Thomas Popik, research director for Campbell Surveys.
“We see strong first-time homebuyer traffic, but it’s still not clear that the traffic will translate into increased purchases, because first-time homebuyers are dependent on low-downpayment financing, such as FHA mortgages, and announced FHA program changes will take effect this spring,” he added. Learn more about the December 2012 National Housing Trends here.
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"Carolina Joe" Idleman