The Cost of Waiting for Mortgage Rates To Go Down Mortgage rates have increased significantly in recent weeks. And that may mean you have questions about what this means for you if you’re planning to buy a home in Chapin, Columbia, Irmo, Lake Murray, Lexington or surrounding areas. Here’s some information that can help you make an informed decision when you set your homebuying plans. The Impact of Rising Mortgage Rates As mortgage rates rise, they impact your purchasing power by raising the cost of buying a home and limiting how much you can comfortably afford. Here’s how it works ..read more

Join us for Boo Bash October 29th 3:30 PM until dark at Dreher Island State Park.  Hosted by David Frady with Douglas and Cannon Real Estate.  Dreher Island State Park is located at 3677 State Park Rd, Prosperity, SC 29127.  Regular admission fees to the State Park apply.  This event is FREE once you are in the park.  For more information concerning park fees visit https://southcarolinaparks.com/dreher-island  ..read more

As mortgage rates started to rise this year, many Chapin, Irmo, Lexington, and Columbia area homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According to data from CoreLogic, home price appreciation has been re-accelerating since November. The graph below shows this increase in home price appreciation in green: This is largely due to an ongoing imbalance in ..read more

  If you’re thinking of selling your house in Columbia South Carolina, Chapin, Newberry, Lexington, or the Lake Murray area this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. If that’s the case, you should know – you may be able to get the best of both worlds today. Here are four reasons why this spring may be your golden window of opportunity. 1. The Number of Homes in the Columbia South Carolina Area on the Market Is Still Low Today’s ..read more

  For the first time in a long time, the number of newly listed homes is beginning to rise. In their latest monthly release, realtor.com reveals the number of existing homes entering the market has increased for two months in a row (this comes after six months of declines). Here’s a graph showing the monthly new listings going back to January of last year. The green bars indicate the first gains since June. However, buying demand is still outpacing housing supply. Though the increase in homes coming to the market is great news for prospective homebuyers, the number of b ..read more

Receive the Latest Local Market Stats Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same! Get Local Market Reports Sent Directly to You You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and ju ..read more