CNN Money suggests that roughly sixty five of the countries largest real estate markets are still overpriced and will have to correct their prices. Naples Florida is listed as the most overvalued of the real estate markets that were examined. This data is provided by National City Corporation which looks at each towns economic factors, interest rates, population densities, and levels of income. Merced, California, Salinas, California, and Port St Lucie, Florida are also listed as being very overpriced. Texas showed the most undervalued markets.
The difficult thing to grasp is that most of these studies are done purely based on number crunching. One must take into account natural factors that make a place desirable. Does it have mountains, lakes, ocean, history? These are all factors that influence people's home buying and selling decisions. Three of Charleston's most desirable attributes are the ocean, the historical nature of the area, world class golf, and that it is a good decent sized city with a small town feel.
Tuesday, May 27, 2008
Wednesday, May 7, 2008
Charleston Real Estate
As the weather warms up here in Charleston, so is the real estate market. My office is having one of its biggest months in about a year. Becoming independent and changing over to Carolina One Real Estate has been a really great change for everyone in the company. Because we are still the biggest company in Charleston all of the signs have changed over to the new yellow and blue logo.
If you have any questions about Charleston real estate or would like to schedule an appointment to see some property, then please give me a call at 843-475-3527. Have a great day! James
If you have any questions about Charleston real estate or would like to schedule an appointment to see some property, then please give me a call at 843-475-3527. Have a great day! James
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