Charleston Me!

Boeing Charleston

The new year promises more great prices and continued high inventories to Charleston area real estate.

Although the market momentum was building in 2009 Supply of homes for sale remains too high to say the Charleston Area real estate market has stabilized or corrected. The most important factor in which direction the future Prices lasts, is the "absorption rate" is simply the number of months as they take to soak up "the current inventory of homes Sale achieved at recent sales figures would be. A six-month absorption rate is a balanced market with stable prices and an absorption rate over 10 months, is a sound Buyer's market come with further price declines. Thecurrent absorption rate nationwide is available in more than 15 months. All forecasts indicate more shadow inventory (excluded Houses will be held back by the banks temporarily) the market in the first half of 2010 will be affected under the current market prices.

The combination the low mortgage rates, tax incentives and home buyers huge stock of homes for sale in 2010 makes this year the best time in a generation to a home for those who buy to plan to stay in the home at least several years. It is highly unlikely that the tax credits or mortgage-backed security purchases by the Fed the past to survive the first half of the year. This takes $ 8,000 from the table of tax credits and favorable mortgage money evaporates. It is very likely offset interest rate increases that the home price to increase the cost of owning the same house refuse even as the price declines.

It looks look as if the last half of 2010 the best opportunities for real estate investors should have. After the incentives discussed above, have completed the remaining stock More Price reduction must attract the remaining buyers. The recent announcements about 3,800 employees of Boeing manufacturing, the wind turbine test facility, and Maersk Sealand's renewed contract at the port creates thousands (perhaps tens of thousands) of new jobs. Savvy investors should homes in areas near production facilities Buy, especially Boeing, because the employees have to move to Charleston to buy or rent homes to work in the area.

Real estate closings for July 2010 will consist mainly of capital of buyers who can afford to buy, property in cash or put large deposits, as interest rates likely are increased dramatically by late in the year. Many people in other states or countries that have been waiting for, buy a second home in Charleston for vacation or retirement benefit incredible opportunities to take the top end appears favorable in high buildings, and exchange rates to foreign buyers, as the government continues to degrade our currency.

Visit my website to learn more about Charleston SC real estate and search all homes for sale. Adam Rodgers is a Realtor with Carolina One Real Estate in Mount Pleasant SC.

North Charleston is safe?

I am moving to Charleston for work and Boeing would like to live near the plant. But I hear bad things about the region. Is this true? and what about the areas a little further up Dorcester? Or Ashley / West Ashley ... I want to live near the plant and can not afford downtown or Mt Pleasant. Thankyou

You probably need to look at themselves Dorcester Road or West Ashley. I would. I used to live in North Charleston, a number of years. I liked it. It was a rough spot then, but ok. Then it went steadily downhill, as the Navy moved out. Today, the things have improved over the last 10 years. The crime rate has increased from about 1000 to about 580 declined to www.city-data.com. This is better than Atlanta, but still nearly twice the national average, approximately 310th Maybe you rent a place at Orange Grove Road, about the bridge on Highway 7 Rittenberg, while the rest of the area check out. I think you'll like living in Charleston.

N249BA Boeing Large Cargo Freighter