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South Carolina foreclosure activity trends downward

South Carolina’s foreclosure activity is improving, with 2,697 foreclosures filed in July—a 32.4% drop from one year ago. Per the Greenville News in S. Carolina:

July marked the fourth consecutive month that the Greenville-Mauldin-Easley metro area has experienced year-over-year decreases in foreclosures, according to Daren Blomquist, vice -president at RealtyTrac, an online marketplace for housing data.

Rising home prices, a low unemployment rate, a decline in the percentage of homeowners underwater, and an increase in home sales made by institutional investors and cash purchases all helped the Greenville area rank No. 11 — and Spartanburg No. 19 — among RealtyTrac’s first list of top 20 U.S. markets leading the housing recovery.

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Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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