Mortgage News Review for November

Mortgage News Review for November

The market is still growing in Charleston as home sales are slowing nationally.

 

Here is more on this mortgage news story:

mortgage news

 

Charleston Region is Still Experiencing Growth in Home Prices

Nationally, there has been a slowdown in price growth over the past several months. Some of this may be a result of higher interest rates. Another potential factor is that the number of homes on the market is growing, with a 1.3% increase from the same time last year. Locally in the Charleston area, the median home price increased 4% in October, up to $259,835. Looking at the year to date, the median home price has risen 6% compared with the same time last year. While the number of available homes rose last month, this is still considered a seller’s market. Prices in the popular Charleston region are continuing to increase even though sales are on par with the first 10 months of last year — an indication that home sales are flattening.

The Post and Courier

 

With so much activity in the Carolinas, isn’t it time that you partnered with the best? Our service and communication are top-notch. At Fairway Independent Mortgage of the Carolinas, we treat your real estate customers like you do — with fairness and with their best interests at heart. They are our priority, as is closing loans quickly with no surprises. Let us change how you think about mortgages.

Wise, Warren L. “Home price growth slows nationally, not here.” Web blog post. The Post and Courier. 24 November 2018. Web 24 November 2018.

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