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 : October 2015 National Housing Trends
Increases in September for Investor Share Of Home Purchases, Distressed Properties
September marked a shift for certain trends in the housing market, according to results from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. After months of fairly steady declines, both the investor share of home purchases and the share of distressed properties in the housing market increased last month.
Investors accounted for 15.2% of purchases in September, based on a three-month moving average. Investors accounted for 14.4% of home purchases the previous month and a 15.5% share in September 2014.
Current homeowners accounted for 49.2% of home purchases in September while first-time homebuyers had a 35.6% share. The market share for both types of homebuyers declined compared with August, marking the first decline in the current homebuyer share of home purchases seen in the previous six months.
A number of factors appear to be driving investor activity, including at least two outside of typical seasonal patterns. Real-estate agents suggest that continued increases to home prices are providing incentives to flip properties. And rising rents are making investment properties an attractive option for some investors.
The distressed property share of home sales also increased in September after six months of declines. Short sales and real-estate owned properties accounted for 17.5% of home sales in September, up from a 16.6% share the previous month and down from a 21.3% share in September 2014.
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"Carolina Joe" Idleman