January brought signs of recovery for the Greenville, S.C., housing market, according to a recent article in The Greenville News ("Housing 'recovery beginning' here," Angelia Davis, Feb. 13, 2010). In the article, local real estate experts noted that Greenville's sales volume was up 14.9 percent to $63 million in January from last year's numbers.Sources attributed much of the increase to tax credit incentives for first-time home buyers and repeat buyers, which expire on April 30 this year.
As market activity increases and home inventory levels decrease, we can expect home prices to increase. As noted in the article, the average home price in the Greenville market was up 4.2 percent, from $165,734 in January 2009 to $172,662 in January this year.
Now is a great time to buy a home in Greenville. You can take advantage of the government's tax credit incentives to buy now at an affordable price, and as the market continues to recover, your home will only increase in value.
If you'd like to talk about how to get started now on building an investment that can last a lifetime, feel free to give me a call. I'll be happy to answer your questions!