U.S. sales of new residential homes dropped 5.6% from the previous month to a seasonally adjusted annual rate of 679,000, according to the Census Bureau. However, sales were still up 17.7% year-over-year, as the lack of existing-home inventory continues to benefit the new-home market. Meanwhile, the median sales price of new homes declined for the seventh consecutive month, sliding 3.1% to $409,300, as homebuilders trend toward building smaller homes to help offset rising costs and provide better affordability for homebuyers. For the 12-month period spanning December 2022 through November 2023, Pending Sales in the Charleston Trident Association of REALTORS® region were down 10.7 percent overall. The price range with the largest pending sales gain was the $1,000,001 and Above range, where sales increased 3.0 percent.
Getting a mortgage should be slightly less painful in 2024.
On Wednesday, the Federal Reserve said it expected to cut interest rates three times next year. The Fed’s forecast brings a dose of holiday cheer to hopeful home buyers who have felt squeezed out of the market.
If you have been in the hunt for a new home, but couldn’t stomach mortgage rates pushing 8% this year, the Fed’s move will make your mortgage payments cheaper. Though the impact won’t be immediate, rates are nearly certain to come down if the Fed sticks to its forecast. READ MORE.
No matter your vacation style, your travel party size or your ideal itinerary, Charleston is home to alluring accommodations for every visitor. We wouldn’t blame you if you extended your reservation once you arrive. CLICK HERE for Explore Charleston’s Newcomer’s Guide to Charleston.
Congrats to sellers and the buyers of this fantastic home in Summerville, SC
225 Little Oak Island Drive 225 – Folly Beach, SC
74 Drake Street – Charleston SC
This holiday season, our lobby boasts a special addition—an awe-inspiring gingerbread replica of the Wentworth Mansion®. Crafted by our dedicated pastry team, led by the talented Chef Ashley Cardona, this masterpiece is set to enchant our guests, adding a touch of holiday magic to their experience.
Measuring an impressive 18” x 24” and weighing just under 50 pounds, every inch of this display reflects the dedication and artistry infused into its creation. The gingerbread mansion captures not only the architectural splendor but also the festive warmth and spirit of the holidays. Each meticulously piped detail and hand-cut gingerbread brick pays homage to our hotel’s rich legacy, adding a touch of magic to the ambiance of our lobby. LEARN MORE.
Whether you’re a seasoned house hunter or a first-time buyer, the process of purchasing a home has plenty of pitfalls. And while you may assume that sellers are being upfront, it’s not uncommon for them to gloss over some of their home’s shortcomings.
“All homeowners sign a disclosure document about their property so buyers know what they’re getting into; however, it can be very tempting for some to tell white lies or conveniently forget facts,” says Wendy Flynn, owner of Wendy Flynn Realty in College Station, TX. “In fact, a very large number of real estate lawsuits stem from owners misrepresenting their property.”
So, just to be on the safe side, CLICK HERE for some common cover-ups and how you can crack them.
Why Choose Beth Huntley?
My combined experience in real estate and interior design provides a unique perspective to assist you as you navigate the buying or selling process.
And, as a client of Huntley Properties you will receive several hours of complimentary interior design services.
Want to know more? Check out the video below for a little insight into how I can help you find your dream home.
EVENTS TO ATTEND IN 2024…
JAN 11 -21: RESTAURANT WEEK
MARCH 6 -10: WINE + FOOD FESTIVAL
APRIL 5- 7: FLOWERTOWN FESTIVAL
APRIL 6: COOPER RIVER BRIDGE RUN
“We had a great experience working with Beth. So easy to deal with and great communications. We had a few hurdles to overcome in getting our home and she was there every step of the way. Beth understands the Charleston market and provided great guidance in selling and helping us buy our home. I would recommend her to everyone.” – Happy Home Owner