Prices go up, but mortgage rates go down in a seller/buyer win-win

Greenville hit an all time high for prices in July, but housing affordability still improved. Why? Because mortgage rates have moderated and are (as of this recording in late August, 2024) sitting at 6.37%, way down from their 8.03% peak in October. Long story short, sellers are getting high prices and still fairly favorable selling conditions while buyers are seeing greater affordability on monthly costs and more supply than has been accessible in years. So here's an update on where things stand in the Greater Greenville area and where I see them going in future months.

This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: ‪(864) 350-9329 / stephen@piperinsurancegroup.com / https://piperinsurancegroup.com

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.