Sunday, June 30, 2013

4th of July Events Around Greenville

  • Wells Fargo Red, White and Blue Festival. Thursday, July 4th from 5 to 10:30 pm in downtown Greenville on Main St. Admission is FREE! One of the largest fireworks displays in SC with live music, food and family activities. 
  •  Greenville Drive Baseball. See a baseball game on the 4th with your kids! Game starts at 6:05 pm. Admission $7 - $10. 
  •  Piedmont Natural Gas Downtown Alive. Thursday, July 4th from 5:30 to 8:30 pm on Main St at the Hyatt Regency NOMA Square. Admission is FREE! 
  •  Highlights of the Collection Guided Tours. Thursday, July 4th starting at 3 pm. Located at the Museum & Gallery at Bob Jones University. Admission is $3 plus general admission. 
  •  Music by the Lake.  Thursday, July 4th at 7:30 pm at the Lakeside Amphitheater. Admission is FREE! Enjoy the Lakeside Concert Band as they play selections from Big Band, Jazz, Bluegrass, Latin, Contemporary, Marches, and Orchestral favorites.
Do your planning now for attendance at one of these events. 

Have you been hearing rumors about a housing bubble? Well borrowing the infographic below from Keeping Current Matters, you now have proof that there is no housing bubble. If you still have some questions about our market after reviewing this information, feel free to contact me at 864.275.3953 with any questions. Have a great weekend!

Friday, June 21, 2013

Mortgage Rates Climb

If you are waiting for your queue from a higher authority to buy a home, this might be it. Take a look at this infographic from Keeping Current Matters below. The higher authorities are all predicting increased mortgage rates by the end of 2013 on 30 year loans. That could add $70 or more to your monthly loan payment.
mortgage rates are climbing on victorias corner

Baby-Boomers, Generation-Xers, now Millennials?
You read it right, the Millennials is the name given to the generation born between the early 1980s and late 1990s. Although they are often portrayed as lazy and late-bloomers whose non-participation in economics ruined America. They just may be the determining factor behind the latest real estate recovery

The recent long term recession the U.S. economy has been through has delayed the time frame when most late-20 and early-30 somethings usually venture out on their own. With unemployment running high and personal debt equally high, these young adults have stayed close to home, single and have not be purchasing real estate. But  with the recovering economy this generation will be the ones getting the jobs. This highly trained technologically savvy generation is already in demand for companies expanding their technological base. These young smart and quickly moving buyers cannot be ignored. This being said, if you have a home for sale, try to picture it through a younger set of eyes. What can you do to entice this younger generation to buy your home?

Since the Millennials are "all-in" when it comes to technology, think about media rooms and/or surround sound or whole home wiring. Make it easier for them to hook up their gadgets and see that as a bonus. The Millennials also like to entertain, so open easy flow floorplans are becoming popular with a split bedroom design. More importance is being placed on how space is used in the home as opposed to how big one room is over the other. And they are looking for master suite options like larger bedroom, walk-in closet(s), larger attached bathroom with double vanity, separate shower and tub and a closed off toilet area.

Five Reasons you Should Sell Your Home Now

  1. High demand. Homes are now selling at a faster pace than they did in November 2009 when we have a market spike due to the tax credit.
  2. Rising inventory. National total inventory rose 11.9% last month. Experts expect this to continue as underwater homeowners turn over their negative equity properties.
  3. New Construction returns. Competition with new home builders is returning. As markets recover across the U.S. more home builders will be getting back in the game.
  4. Rising interest rates (see infographic above)
  5. Time to decide on the rest of your life. Gone are the days when you bought a home for life and passed it on through inheritance. Today we need to think about health, family, convenience to amenities and/or freedom. What is the most important reason you want to sell?
I hope that this information helps you in some way. I am always open to comments.  Feel free to leave any below.

If you need assistance with selling or buying a home in 2013 I can help. Referrals and people needing relocation assistance are welcome! Search Single Family homes in Greenville. Search Condos and Townhomes in Greenville.

Monday, June 17, 2013

We have visitors!

we have visitors from victorias corner blog
During the first quarter of 2013, visitor statistics for Greenville jumped. Due mostly to a new marketing campaign released by the Greenville Visitors Bureau, inquiries were up 23%. But that's not all, restaurant sales are at +.7%, retail sales are at +5.1%, hospitality tax paid at +.7% and hotel taxes paid at +23.7%. Greenville is beating the South Atlantic Region, the state of South Carolina and the U.S. by 63% in overall hotel occupancy so far this year. So keep up the good work Greenville, invite your out of town friends and family and show them what a great city we live in!

Local Events for June

greenville heritage main street fridays on victorias corner blog
  • Greenville Heritage Main Street Fridays. Starting June 14th 5:30 to 8:30 pm at the Hyatt Regency NOMA Square.  A 28-week FREE music series. Local, regional and national talent. Children's activity area.
  • Piedmont Natural Gas Downtown Alive. Thursdays starting June 20th 5:30 to 8:30 pm at the Hyatt Regency NOMA Square. A FREE outdoor street party with live music.
  • Music by the Lake. Thursdays at 7:30 pm at the Lakeside Amphitheater. FREE admission. Lakeside Concert Band celebrates the sounds of summer with evening concerts.
  • Greenville Drive Baseball. June 20th  through 26th. Game times vary. Location Fluor Field. Admission: $7 - $10. For more info.
  • And much more over at the Greenville Calendar of Events site.

You have questions.... I have answers!

Four questions that you as a buyer or seller may be asking right now.

  • With the nationwide housing recovery going on, should I sell my home on my own?
  • Where are the prices in my area headed?
  • Are we entering a new "housing bubble?"
  • How does rising interest rates impact me as a buyer?

Being the Greenville local market expert that I am, I can give you information and insights  and respond to these exact questions. Contact me at 864-275-3953 today!

Friday, June 7, 2013

Are You Ready for the Silver Tsunami?

And I don't mean a wall of water that will envelope you but a new term for the large amount of "baby boomers" who will hit retirement age at around the same time.  In the next 2+ decades, the largest demographic tsunami in our nation's history is scheduled to arrive.

Some stats; 10,000 people turn 65 daily in the U.S. There are currently 34+ million Seniors (at 65 or older). In 2030, there will be over 70 million Seniors living in the U.S. Baby boomers born between 1946 and 1964. The sheer number of them is bound to reshape the U.S. economy.
Take a look at the graphics below provided by the National Council on Aging. Will you be ready?
baby boomers account for silver tsunami

silver tsunami most vulnerable seniors