Charleston, SC Real Estate Market Update for June, 2010

Aug 14th 2010

Posted By: Brian Beatty @ 9:24am In: Market Update

I thought you might be interested in reading this article. I'm not trying to be a "Debbie Downer," but I do want you to be fully aware of the large shift going on in our industry right now (so that you can prepare for it's impact). With The Board of Realtors and the other large companies reporting positive news, most of the public is being misled by the sales numbers. That's good for public sentiment, but for our mutual purposes, I find more success in "reality."

This article is a very accurate description of what is happening in Charleston now (better described by CNBC than me):

CNBC.com Article: US Housing Market Slows as Buyers Get Picky

Buyers are walking away when sellers refuse last-minute demands, making a drop in sales worse than expected, the NYT reports.

Full Story:
http://www.cnbc.com/id/37746209

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