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 : November 2014 National Housing Trends
Investors Start to Return to Market as First-Time Homebuyer Activity Slows in the Fall
Investors are gaining market share among home purchasers as first-time homebuyer activity has slowed, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. The shifts are part of a typical seasonal
pattern for the fall.
The investor share of home purchases hit 16.7% in October, based on a three month moving average, the second consecutive monthly increase in market share for investors. The first-time homebuyer share of home purchases declined for the third consecutive month to 34.6 percent in October.
First-time homebuyer activity declined in the fall of 2013 and stayed relatively level until April of this year. In that downtime, investors increased their market share of home purchases, peaking at a 19.5% share of home purchases in April.
Homebuyer traffic is declining among all buyer types, prompting longer time-onmarket for non-distressed properties. The average time-on-market for non-distressed properties sold in October was 9.2 weeks, the second consecutive monthly increase
Time-on-market varies significantly by region. California had the lowest average time-on-market for non-distressed properties at 5.8 weeks in October while properties in the south had the highest average time-on-market for non-distressed properties at 11.4 weeks Learn more about the November 2014 National Housing Trends here
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"Carolina Joe" Idleman