In this Issue
February Market Update
Mortgage Rates Climb Upward
Downtown, Edwin, & Euphoria
Search For Homes
House Plans Radio
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   Keith Clark,  Broker-In-Charge
www.GreenvilleBuyersAgent.com
  Mobile Phone 864-420-0262
    Office Direct 864-271-4114  
 

  County Bank Logo     

 Call JD Nelson at 864-331-2212

[email protected]

CountybankMortgage.com 

    
Cool Downtown Websites

Dear , Spring has a way of energizing me! I get excited when we have February days above 70 degrees and it's been fun the last couple of weeks to see it happen. The national real estate market was down a little January over January but our market was up more than 13%, setting another new record. Interest rates are on the move upward and it looks like they will continue that way for the foreseeable future. You can never start to early in your real estate deliberations, so if you're thinking about right sizing or moving up now is the time to call me to discuss how we can make the process of selling and buying more successful and more cost effective.
Buyer's Broker Certified Listing!

I hope you enjoy this month's newsletter and I hope you will forward it to your friends, family, and colleagues who may be thinking about buying a home in the Upstate. All my best, Keith (864-420-0262)
The number of transactions jumped 13.6% to 808 transactions for January year over year. This is another new record for the number of transactions. Inventory was up 9.2 % to 3997 Active Listings which is 3.8 months of inventory, still very challenging. New Home sales were down nationally as rising prices and rising interest rates are having a negative impact on affordability. Ouch!


We at The Buyer's Broker believe the more you know, the more you will want The Buyer's Broker of Greenville to represent you in your next real estate transaction.
Fixed mortgage rates increased for the seventh consecutive week, with the 30-year fixed mortgage rate reaching 4.40 percent in this week's survey; the highest since April of 2014. Mortgage rates have followed U.S. Treasury's higher in anticipation of higher rates of inflation and further monetary tightening by the Federal Reserve. Following the close of our survey, the release of the FOMC minutes for February 21, 2018 sent the 10-year Treasury above 2.9 percent. If those increases stick, we will likely see mortgage rates continue to trend higher. View the Freddie Mac Rate Survey Results
30-Yr Fixed Rate
4.4%
0.5 Fees/Points
15-Yr Fixed Rate
3.85%
0.5 Fees/Points
5/1-Yr Adjustable
3.65%
0.4 Fees/Points
New listings downtown in the last 30 days. Click Here to View 36 Listings (19 are Available - 14 Under Contract) All the sold data in the last 30 days. Click Here to View the Sold Data. If you want to discuss a specific project just send me an email.

Mary and I went to see Edwin McCain at the Peace Center on Valentine's Day and I must say I was impressed with his music. I haven't followed his career like so many of our locals who know him personally but I think I became a fan. He and Carl Sobocinski partnered to create a foundation called Local Boys Do Good and they began Euphoria in 2006. Euphoria is local celebration of food and wine and if you haven't been to a Euphoria event put in on your schedule for September. View Euphoria Events  
Searching for homes online can be frustrating and time consuming. You can learn more about the Upstate real estate market in a phone conversation with me than you can learn surfing the internet for days, weeks, and months. If you would like to know exactly what the local market has to offer and the who, what, where, when, and why about purchasing a home in Greenville, call me today!

House Plans Radio Show 

Listen to me on the radio every Saturday morning on House Plans. "House Plans" airs live on WORD, 106.3 FM locally from 8:00AM until 9:00 AM. JD Nelson, Chris Roberts, (Countybank Mortgage) and I discuss local, state, and national real estate issues along with a variety of mortgage topics. The debate is lively and callers engage the hosts with local real estate questions. You'll learn all about the current real estate and mortgage market.
Click Here to Listen a Recent Show