Selling Greenville Selling Greenville

Very seldom do we see a real estate market driven by retirees, but that's exactly what we see now with Boomers having a much larger portion of real estate market share than normal. Meanwhile Gen X has been almost left behind and Millennials are still trying to find their way in a historically unaffordable market. What is the cause of these seemingly upside down demographics, and what other factors impact home buying and selling in this market? Let's look at some fascinating data the National Association of REALTORS® produced recently for answers.

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.

Looking at the final data we have for Greenville in Q1 2023, the market is finally starting to see some stability. Some of the data shows potential market softening, but much of it is indicative of strong demand still pushing up prices, pendings, and closings while driving down days of market and affordability. The question now is will mortgage rates go up, down, or stay roughly the same throughout the remainder of the year? That will ultimately determine whether we see demand continue to strengthen or to succombe to some of the softer patterns in the data.

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.

In this episode, we delve into the dynamic Greenville real estate market, now grappling with the impact of rising mortgage rates. We'll explore the significant price adjustments sellers are making—how often are prices being dropped, and by what average amount? What implications do these changes hold for both buyers and sellers? Join us as we unpack the latest trends and forecasts, providing you with the insights needed to navigate this evolving landscape.

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.

There are a lot of misconceptions about the Section 8 rental program in Greenville, but I heard one recently that I had never heard before, and that's that it was an "unpredictable" program. Not only is this not true, but the Section 8 program in Greenville is substantially *more* predictable than the private rental market as a whole. The end result of this is that when market rents sometimes come down as a result of various market forces, Section 8 rentals can actually be a great rent deflation hedge for landlords/landladies.

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.

Doomers are constantly talking about "the real estate bubble bursting," but the reality is that the dynamic we saw in 2007-08 of the entire US housing market crashing at one time is unusual and not likely to repeat itself any time soon. What we do see, however (and particularly since COVID), is localized markets forming bubbles that inevitably burst. In fact, we are experiencing this currently in one very specific part of the Upstate of SC: Laurens County, which has seen substantial price declines since the 2022 price peak. So how do we identify markets that could be in a bubble vs. ones that have sustainable demand likely to continue indefinitely? Let's look at the indicators that help determine sustainable growth vs. that of a soon-to-be bursting bubble.

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.

As we look at the most recent market stats for the greater Greenville area, some weird data trends begin to appear. Listings are up but pendings are down. Pendings are down, but closings are up. Prices are still high and increasing but not everywhere. Closings in the sub $500,000 price point are decreasing whereas above that price point are increasing. What is the cause of all these odd blips in the data? Let's talk about it, with a focus more on the big picture of what's happening in today's market.

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.