Friday, June 6, 2014

Strong Economic Report for SC

The Department of Commerce reported this week that South Carolina's Leading Index of economic indicators rose for the third straight month in April, reaching a seven-year high!

The index reached 101.46 and any value greater than 100 is used to predict economic growth for the next three to six months.

The Real Estate market across South Carolina was a major contributing factor to the increase.  Between April 2013 and April 2014, median home prices increased as well as closings. Foreclosures fell by 19% and the number of home permits increased by 31.9%.

Inventory remains tight as home sales increase and interest rates remain low.  If you're on the fence about buying a new home, act quickly to make the most of your buying power!

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