Good News For Greenwood Real Estate Buyers and Sellers

                     

Good news for the Greenwood SC real estate market and others! It may not be immediate but it is on the horizon and should be kept in mind. John Burns Real Estate Consulting believes housing demand in top markets is about to 'explode’. This demand is being driven by the number of renters coming into the market which will drive rental prices even higher which in turn will make common sense prevail and show home ownership as the clear “smart choice” that we all know it is and have always been told.

Leslie Deutch, VP of John Burns Real Estate Consulting says 'Renters are a clever, creative bunch.' Other reasons Deutch said the apartment sector will eventually contract is because of the long-term affordability of owning a home versus renting, and because it’s just 'not smart to rent forever.' 'As rents start to grow, more renters will consider buying,' Deutch said. Source: HousingWire

If home ownership is on your mind and you're still on the fence wondering when the right time will be….it’s NOW! Interest rates are still LOW and the selection is HIGH!  Whether you are searching for lakefront property as a weekend getaway or just down sizing to a smaller home orcondo now is a great time to make your move. If you are a seller-the good news is that buyers are looking; if you happen to be a buyer the good news is sellers are motivated! With an experienced, knowledgeable REALTOR at your side it can be a win-win situation for both sides. With a rise in interest rates just around the corner there is no reason not to get the information you need to make an informed decision now. Go shopping now and see everything the Greenwood, SC area has to offer! Lakefront getaways, golf course property, condos and luxury homes both on and off the water are currently available.