Could there possibly be a new Columbia SC housing bubble on the horizon? The latest S&P/Case-Shiller Home Price Index showed prices in the nation's 20 largest cities had the biggest year-over-year increase since May of 2006. Diana Olick reports for NBR that some are now worrying that we may be facing a new housing bubble. [...]
A foreclosure backlog could slow the Columbia SC housing recovery. All states are not backed up with foreclosures in waiting, some are, some aren't. This backlog, coupled with the continued problem of homeowners being underwater on their mortgage, could mean the housing uptick we've seen over the past year could be confronted with a slowdown. [...]
Columbia SC home sales in March continued to show signs of improvement, in spite of the tight housing supply that is plaguing the market. Home sales are somewhat stuck due to the limited number of homes available to buy, which is somewhere near 17 percent below year-ago levels. Some home owners are still hesitant to [...]
It's no surprise that things have been looking up for the Columbia SC housing market for several months now. But solid statistics now show that people are just as optimistic about mortgage rates as they are the Columbia SC housing market. An analysis of Fannie Mae's monthly telephone survey of just over 1,000 homeowners and [...]
Many previously foreclosed Columbia SC home buyers are now wanting back in to the home market. In what economists call "The Boomerang Buyers", many who lost their homes to foreclosure are now wanting to buy again. With more and more people who previously lost their home to foreclosure getting back in to an already crowded [...]