Category: Real Estate Market
Are We Heading into a Balanced Market?
If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know. What Is a Balanced Market? In our local area, a balanced market is... Read More
Navigating New Real Estate Laws & Practices
By Chip Collins On August 17, 2024, significant changes were introduced by the National Association of Realtors (NAR), impacting how real estate transactions are conducted. These new rules are designed to enhance transparency and fairness but require buyers, sellers, and licensed real estate agents to adapt to new processes. One of the updates affecting buyers is the requirement for a signed written agreement before a... Read More
Mid-Year Mortgage Market: Insights from Local Lender,Matt Webster
In a recent conversation, we caught up with local lender, Matt Webster, to get the latest insights on mortgage lending. As someone who’s been in the industry for nearly three decades, Matt provides a seasoned perspective on current trends, interest rates, and the overall market environment. Interest Rates and Market Behavior At the start of... Read More
7 Reasons Great Real Estate Agents Will Always Be Needed
Real estate sales and purchases are important – plain and simple. And the role of a GREAT agent can make all the difference in how the transaction AND the transition flows. Here are 7 ways and reasons having an agent on your side will help ensure quality Results: 1. Experience Real estate... Read More
What You Really Need To Know About Home Prices
According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know. A lot of that fear is probably coming from what you’re hearing in the media or reading online. But here’s the thing... Read More
Spring 2024 Real Estate Market Report
As the Lowcountry of South Carolina awakens to the warmth of spring in 2024, the real estate market in Hilton Head and Bluffton is bustling with activity. We’re diving into the data to give you insights and shed light on the current state of affairs in the local real estate scene. Springtime typically heralds an... Read More
What Will Shape Real Estate in 2024
2024 Real Estate Market Steering Factors by Chip Collins In 2023, the market year was highlighted by three I’s: Inventory, Interest Rates, and Insurance, all of which shaped client discussions, decisions, and directives. We took a deeper dive into these topics to see how they will shape and steer real estate in the Lowcountry this coming year.... Read More
2023 Real Estate Wrap-Up
Market Stats, Perspectives, and Insights from 2023 2023… The market year highlighted by three I’s: Inventory, Interest Rates, and Insurance, all of which shaped client discussions, decisions, and directives over the course of the year. Despite these challenging elements, the Lowcountry experienced a strong overall market, yielding year-over-year increases in both Median and Average Sales Prices.... Read More
Why Now Is Still a Great Time To Sell Your House
If you were worried buyer demand disappeared when mortgage rates went up, the data shows there are plenty of interested buyers still out there. The housing market isn’t as frenzied as it was during the ‘unicorn’ years when buyer demand was through the roof, mortgage rates were historically low, and home values rose like we’ve never seen before. But that doesn’t mean the... Read More
How To Turn Homeownership into a Side Hustle
Does the rising cost of just about everything these days make your dream of owning your own home feel less within reach? According to Bankrate, many people are seeking additional income through side hustles, possibly to cope with those increasing expenses and save for a home. This trend is particularly popular with younger individuals who may be dealing... Read More