I just received a printout today from the South Carolina REALTOR Magazine showing August closed sales for different areas (comparing August 2007 to August 2008). The following information shows a breakdown of counties and MLS boards: I did not realize that the inland areas were affected as much as the resort/coastal areas. [...]
Stock Market Down
By James Wedgeworth on November 7th, 2008The stock market had another bad day Wednesday. As I was watching the talk shows last night, people were talking about the market and what is going on. My initial reaction is, how does this affect real estate? It has always been my experience that consumer confidence is the most important thing in whether people [...]
How Tax Policy Affects Real Estate Sales
By James Wedgeworth on November 6th, 2008I was watching Fox News this morning and they had several commentators talking about how tax policy affects the overall economy. When they started talking about this, my first thought was how it affected real estate. For example, if our new President decides to raise taxes on people making over $250,000, it will stand to [...]
How will an Obama Presidency Affect Property Values?
By James Wedgeworth on November 5th, 2008We have always heard that people look at politics from a pocketbook point of view. I have had people ask me how the new Presidency will affect property values. If Obama raises taxes on the wealthy, this could have a detrimental effect. It is no secret that most people that buy property on Hilton Head [...]
Willey doesn’t want the Ball
By James Wedgeworth on November 4th, 2008I remember a story I heard when I was in high school about a coach who sent a play in at a football game and told the guy that was running the play in to tell the quarterback to give the ball to Willey. It was 4th and 2; they were in the huddle and [...]
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