Monthly Indicators U.S. existing-home sales fell for the first time since September, slipping 4.9% monthover-month to a seasonally adjusted annual rate of 4.08 million units, according to the National Association of REALTORS® (NAR), as elevated home prices and higher interest rates continue to impact buyer activity. Despite the drop, sales were up 2% compared to… Read more »
Read MoreHello REALTORS®, March brings with it a lot more than the first day of Spring. It also almost always brings with it a lot of government activity, especially regulation of real estate development. In the last year, we have observed an interesting trend related to annexation, which I’ll highlight at the end of this report. … Read more »
Read MoreHello REALTORS®, Proposed Anderson County Moratorium This week, Anderson County Council is expected to vote for a second time on a moratorium on new housing developments of 25 units or more. You association opposes moratoriums in part because they tend to be in response to an overstatement of growth. They also deny property owners their… Read more »
Read MoreHello REALTORS®, Last week I reported on the proposed moratorium on new subdivisions of 25 lots or more in Anderson County. In addition to subdivisions, Anderson County Council amended the proposed ordinance to apply to town homes and apartments. They also amended it to require each council member to opt in their council district. They… Read more »
Read MoreHello REALTORS®, Proposed Anderson County Moratorium The Planning and Public Works Committee of Anderson County Council, chaired by Realtor Cindy Wilson, has proposed a moratorium on new subdivisions of 25 lots or more. The moratorium ordinance is on county council’s agenda this week. I’ll keep you informed on the moratorium and provide more context in… Read more »
Read MoreMonthly Housing Indicators U.S. existing-home sales advanced for the third straight month, climbing 2.2% to a seasonally adjusted annual rate of 4.24 million units, a 10-month high, according to the National Association of REALTORS® (NAR). Sales were up 9.3% year-over-year, driven largely by purchases of homes priced $500,000 and above. Month-over-month, sales rose in the… Read more »
Read MoreHello REALTORS®, Last week I reported on the several new government officials and leaders as the federal and state levels, as well as some of the new local leaders. This week, I will report on those I didn’t cover last week: school boards, certain countywide offices, a few special purpose districts we monitor, and 2… Read more »
Read MoreHello REALTORS®, It’s a new year. During January, our governmental bodies have sworn in new officeholders and elected new chairpersons. I follow these changes each year, and I thought you might want to read a summary of who is where and doing what. Federal Obviously, the big changes in Washington are in the Executive Branch… Read more »
Read MoreHello REALTORS®, ‘Tis the Season…for business licenses at least. Most cities in South Carolina require a business license to conduct business in their city. Nearly all of them impose a business license tax as well, and the tax is not insignificant. In fact, most cities receive a substantial portion of their revenue, sometimes as high… Read more »
Read MoreMonthly Housing Indicators U.S. existing-home sales improved for the second consecutive month, rising 4.8% to a seasonally adjusted annual rate of 4.15 million units, an eight-month high, according to the National Association of REALTORS® (NAR). Sales were up 6.1% compared to the same time last year, marking the largest year-over-year increase since June 2021. Economists… Read more »
Read More
