Unfortunately, there isn’t anything new to report as far as market statistics are concerned. We really won’t be able to see anything conclusive until mid November. Current inventory numbers remain unchanged and dismal. I’m afraid we’ve only seen the first phase of what could be a longer term real estate/mortgage related slide.
Where will the bottom find itself?
3 responses so far ↓
myrtle beach // December 14, 2008 at 12:42 am |
sounds a lot like the Myrtle Beach real estate market there isn’t much going to talk about here either
Calvin // March 10, 2009 at 2:18 pm |
I’m wondering how the condo rental market is going to be this summer. It’s a large contributor of Charleston tourism. Maybe people will be more apt to rent for a week or month rather than buy a condo.
Calvin
jimadams // March 10, 2009 at 5:17 pm |
Hi Calvin,
That’s a good question. Call me a wimp, but I’m not taking any positions right now. With all the dynamic changes happenning, anything is possible. Vacation rentals have always been a good buy compared to putting a family up in a hotel, even a small one. I’m just not sure how many people are aware of them. Renting a house or a condo on any of Charleston’s many beaches is such a cool vacation. You get to enjoy the beach, plus Charleston is within 20 to 45 minutes depending on what beach you’re on. Adults and children both have plenty to do.
As for market info; good like finding answers. My rule remains, “Believe nothing you hear and half of what you see.”