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Kim Boulter - Healthy Realty-(843) 640-7799's Blog

By Kim Boulter | Agent in Charleston, SC
  • Market Update: West Ashley, Charleston SC

    Posted Under: Market Conditions in West Ashley, Home Buying in West Ashley, Home Selling in West Ashley  |  February 23, 2012 7:35 PM  |  351 views  |  No comments
    Here is a market update for West Ashley, Charleston, SC.

    Kim Boulter
    Realtor of Distinction
    Charleston, SC
    843-640-7799
    KimKBoulter@gmail.com
    www.kimboulter.com

  • Market Update: Summerville, SC

    Posted Under: General Area in Summerville, Market Conditions in Summerville, Home Buying in Summerville  |  February 23, 2012 7:33 PM  |  390 views  |  No comments
    Here is a market update for Summerville, Charleston, SC.

    Kim Boulter
    Realtor of Distinction
    Charleston, SC
    843-640-7799
    KimKBoulter@gmail.com
    www.kimboulter.com

  • Market Update: Mount Pleasant, Charleston SC

    Posted Under: Market Conditions in Mount Pleasant, Home Buying in Mount Pleasant, Home Selling in Mount Pleasant  |  February 23, 2012 7:29 PM  |  360 views  |  1 comment
    Here is a market update for Mount Pleasant, Charleston, SC.

    Kim Boulter
    Realtor of Distinction
    Charleston, SC
    843-640-7799
    KimKBoulter@gmail.com
    www.kimboulter.com
  • Market Update: James Island in Charleston, SC

    Posted Under: Market Conditions in James Island, Home Buying in James Island, Home Selling in James Island  |  February 23, 2012 7:28 PM  |  344 views  |  No comments
    Here is a market update for James Island, Charleston, SC.

    Kim Boulter
    Realtor of Distinction
    Charleston, SC
    843-640-7799
    KimKBoulter@gmail.com
    www.kimboulter.com

  • Market Update: James Island in Charleston, SC

    Posted Under: Market Conditions in James Island, Home Buying in James Island, Home Selling in James Island  |  February 23, 2012 7:27 PM  |  338 views  |  No comments
    Here is a market update for James Island, Charleston, SC.

    Kim Boulter
    Realtor of Distinction
    Charleston, SC
    843-640-7799
    KimKBoulter@gmail.com
    www.kimboulter.com

  • Charleston Real Estate Market Rebounds

    Posted Under: General Area in Charleston, Home Buying in Charleston, Home Selling in Charleston  |  February 22, 2012 1:43 PM  |  356 views  |  No comments
    What a great article published by the Charleston Regional Busines Journal!

    Charleston residential market rebounds

    By Lauren Ratcliffe
    lratcliffe@scbiznews.com
    Published Feb. 13, 2012

    Signs that confidence is returning to the Charleston-area residential real estate market are beginning to surface as January posted the highest sales figures since 2008, according to the latest numbers from the Charleston Trident Association of Realtors.

    County-by-county January results

    Berkeley County: Berkeley County saw a 6% drop in the median price to $142,000. The lower prices led to a 7% jump in sales volume with 111 homes selling.

    Charleston County: In Charleston County, 296 homes sold, up 6% from last year. The median price declined in the county by 5% to $210,000.

    Dorchester County: Pricing gains in Summerville and Ridgeville bolstered much of the Charleston-area’s increases in sales and prices. Sales volumes in Dorchester County increased 21% with 106 homes selling. The median price increased 22% to $167,750.

    In January, 533 area homes sold, marking a 10% jump in sales volumes over 2011. The median price of those homes was $179,000, up 5% over last year.

    Although 2011 closed slightly down in terms of median price, the year-over-year increase and strong January showing is giving area Realtors a reason to be optimistic.

    “We’re starting the year off on the right foot,” said CTAR president Herb Koger. “It is encouraging to see continued sales increases and a burgeoning interest in the Charleston market.”

    Koger cited an increasing tourist market and low property prices as part of what may be driving the increase in sales volumes.

    “Charleston has so much to offer and is attractive to a diverse group of individuals — from young professionals looking to settle in to their careers and start families to retirees looking to relocate to one of the most beautiful places in the country,” he said.

    This week, Charleston residents can register for an event to hear about last year’s market and predictions for the coming year. The event will take place Wednesday at 9:30 a.m. at the downtown Charleston Marriott, 170 Lockwood Blvd. Registration is available here or by calling 843-760-9400.

    Economist Joseph Von Nessen from the University of South Carolina’s Moore School of Business and senior economist, Raymond Owens, from the Federal Reserve Bank will present their findings on 2011 market activity.

  • Homeownership Key to Igniting Economic Recovery

    Posted Under: Market Conditions in Summerville, Home Buying in Summerville, Financing in Summerville  |  January 17, 2012 11:18 AM  |  450 views  |  No comments
    Here is a very interesting article recently published in The State Newspaper, written by Steven Mungo, CEO of Mungo new homes. I have sold a few Mungo homes recently (Harbor Homes are a part of this company) so I am personally interested in what Steven Mungo has to say about housing and the economy.

    Kim Boulter
    Realtor, Healthy Realty
    Charleston SC
    843-650-7799
    kimkboulter@gmail.com
    www.kimboulter.com


    http://www.thestate.com/2012/01/06/2102642/mungo-homeownership-key-to-igniting.html

    "Economists are in virtual agreement on two points: that job growth is essential to restore the nation’s economic health and that there can be no economic recovery without a housing recovery.

    Data from S.C. government agencies and non-profit associations bear this out in stark terms and reveal a direct correlation between today’s anemic economic recovery and the struggling housing sector.

    At the market’s peak in 2005, the state produced more than 43,300 new single-family homes. In 2011, just more than 13,000 homes were built. This translates into $4.75 billion in lost wages, a reduction of more than $1 billion for local and state tax coffers and the elimination of more than 86,375 jobs.

    In the Columbia market, the peak-to-trough drop-off is equally disturbing. More than 4,200 fewer homes were built in the metro area in 2011 than in 2005, resulting in nearly $500 million in lost wages, $41.5 million less in local tax revenues and 12,000 workers idled.

    Employment from new home construction has a wide ripple effect. While about half of these job losses were in the residential-construction sector, the other half were spread over other industries, including manufacturing, transportation, wholesale and retail trade and finance and insurance.

    With our cash-strapped state and local governments struggling to maintain essential services and avoid further job cuts, stabilizing the housing market will mean more jobs and more money in our communities. Home building is essential to increase the property-tax base that supports our local schools, police departments, firefighters and road repairs.

    With the inventory of unsold new homes at historic lows and scattered housing markets in South Carolina and around the country beginning to show signs of life, builders should be gearing up to meet demand, create new jobs and move the economy forward.

    Unfortunately, tight credit standards are harming home buyers and home builders alike by keeping many credit-worthy borrowers out of the market and preventing profitable new housing projects from getting started.

    In normal economic times, housing accounts for more than 17 percent of the nation’s economic output. So when lenders are unwilling to provide the credit needed to renew the production process, everyone suffers. Workers get laid off, sound projects go uncompleted, home sales fall through the cracks, and economic growth is stifled.

    At a time when the federal government needs to be promoting pro-growth housing policies that will put Americans back to work, strengthen communities and boost America’s long-term economic prospects, Washington policymakers are threatening to eliminate our nation’s long-standing commitment to housing.

    In short, homeownership is under attack. Anti-housing proposals circulating in Washington — including eliminating or weakening the mortgage interest deduction, instituting a 20 percent down payment standard on home mortgages, and getting rid of Fannie Mae and Freddie Mac — would have the effect of keeping homeownership out of reach for millions of middle-class Americans for years to come.

    The American Dream of homeownership builds stronger communities, provides a solid foundation for family and personal achievement and improves the quality of life for millions of people. It is truly the cornerstone of the American way of life.

    If you believe that homeownership is a value worth fighting for, I invite you to make your voice heard and join other concerned citizens by attending a Rally for Homeownership at 1 p.m. on Thursday, Jan. 12, at the State House. Gov. Nikki Haley and other local, state and federal officials and business leaders will discuss why homeownership and home building are critical to a strong economy and must be a priority for local, state and national policymakers.

    Mr. Mungo is CEO of Mungo Homes and served as the 2010 president of the Home Builders Association of South Carolina. Contact him at swmungo@mungo.com."


    Read more here: http://www.thestate.com/2012/01/06/2102642/mungo-homeownership-key-to-igniting.html#storylink=cpy
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