Monday, October 29, 2018

Cool Vibes in Greenville SC


cool vibes in greenville sc
Greenville SC’s culinary scene is red hot according to visiting writers and publications like The New York Times and Cooking with Paula Dean magazine. Greenville SC has earned 79 media stories during the second quarter of 2018 and 33 media stores during the third quarter of 2018.

The September issue of Raleigh magazine highlighted Greenville SC as a “getaway.” The article stated that our onetime industrial town has transformed itself into a mecca of fine eateries, upscale hotels, hip breweries and has become a destination for arts and cultural activities.

Modern day Greenville SC has become greener over the years by adding beautiful parks and greenspaces between its buildings. There is also a gorgeous view of the Blue Ridge Mountains. Although our city is growing, it remains a good example of southern hospitality.

Southern Living talked about the “11 Mountain Girlfriend Getaways to Take This Fall” in their online article. Although they talk about other places, they mention Greenville SC as a girl’s mountain weekend with an urban twist. Head out for the day to enjoy outdoor adventures and then return to your cozy comforts in downtown Greenville SC. They talk about having a life-changing meal at Soby’s specializing in southern classics with a modern twist.

Hertz.com reports that Greenville SC is #5 in their Guide to America’s 10 Greenest Cities. Noting that pedestrians and bikers rave about the Swamp Rabbit Trail which takes you 20 miles along the river past the zoo to the college. They also mention the waterfall downtown which we all know resides in Falls Park with the sky bridge.

Forbes magazine calls Greenville SC “a trend-setting market with the power of retail mix.” They call Greenville SC the fourth fastest-growing city in the country. Noting that there are several mixed-use projects in Greenville SC and the surrounding communities. They also noted a Topgolf is coming to our area. The Greenville SC building will have 72 hitting bays.

Orbitz online magazine talks about how Greenville SC is one of the best places for a bachelorette party. With a very walkable downtown and 120 restaurants and bars scattered throughout. Or rent bicycles from Pedal Chic and hop on the Swamp Rabbit Trail.

So, it seems our small town is getting lots of attention around the country as a place to live, visit and vacation. Make sure you get out and enjoy some of the mentions in this post and give a nod to the publications that are putting Greenville SC on the map!

And remember if you, a friend or family member need assistance with selling or buying a home I can help. Referrals and people needing relocation assistance are welcome! Search Single Family homes in Greenville. Search Condos and Townhomes in Greenville.

Saturday, October 20, 2018

How High is Too High for Your TV?

how high is too high for your tv
Had an interesting thought today when looking through house articles. How high should your TV be mounted? Nielson Co. reports that 96.7 percent of homes in the U.S. have television sets. I would venture to say that most homes have at least two to three TVs.

Often a big decision when designing a living space in a new home is where to place or hang the TV. Should it be a focal point, should it be just accent or left out all together? Remember you can use apps to play photos on your TV and turn it into a rotation piece of art work.

So, there is one general rule that you should follow when mounting or placing your TV; the ideal center of the screen should be at eye level for the viewer. To find this number, you may have to do some math but if we use averages then the average height is around 42 inches for viewers seated on a couch.

In turn, optimum viewing distance from the set has been 2.5 times the diagonal length of the TV screen historically. But with the advent of larger and larger screens, viewing distance is not as critical as it used to be. I would consider the age of viewer. Usually as you get older, it is nicer to have a larger screen to view.

If you select a 60-inch TV which is around 32 inches high, the ideal center is 16 inches from the bottom. Eye height for a relaxed adult viewer would be about 24 inches above the seat on the couch. Which puts your optimum viewing height at 42 inches, so your 60-inch TV would be installed 26 inches above the floor.

Now, there are lots of parameters to consider when mounting a TV. Is it the only one, is it your main set, what position will most of the viewers be in when they watch, etc. Main sets should be set up for more optimal viewing but smaller sets over bars or in kitchens or even in bedrooms have different requirements. Will the viewer be standing or laying on the bed? Playing a game or using a pillow?

A lot of newer construction places TVs over the fireplace but fireplaces don’t look like they used to. A lot of newer fireplaces are gas and are linear in design as opposed to an open hole in the wall that you throw wood into.

However, it is your home and whether the TV is your focal point or just an accent piece, it is your decision on where to place it. If you do plan on placing it above the optimum viewing height, consider tilted the TV at a downward angle so your perception will be closer to an optimum angle. The worry is straining your neck by always looking up which is funny since most of us are always looking down at our smartphones.

Conclusion, in today’s society, try to think about the health of your neck. I hear a lot about how people are visiting massage experts and chiropractors with neck injuries that have resulted “tech neck”. Here are five exercises you can use to combat this issue.

· Baby Cobra

· Floor Cobra with External Rotation

· Wide Supermans

· Upward Facing Dog

· Bird Dog

All of these movements should be slow and controlled and done about 10 times twice a day. These movements help to improve the muscle imbalances that are caused by sitting behind a computer or staring down at our smartphones for hours at a time.

And remember if you, a friend or family member need assistance with selling or buying a home I can help. Referrals and people needing relocation assistance are welcome! Search Single Family homes in Greenville. Search Condos and Townhomes in Greenville.

Wednesday, October 17, 2018

Greenville is Looking Up!


Although nationally home sales may be slipping, here in Greenville we seem to be just getting started. Our September 2018 numbers are down from last year and last month. However, the current demand on homes in the Greenville Area is still high and we are still in a Seller’s Market.

Please look at the numbers I have provided below, we ended 2017 with a bang having sold 1061 homes in the month of December. The numbers represent a month to month accounting and then year to year. It shows a steady rise in the closed number of homes. We have a fabulous growing economy.

Our number on homes is still strong in this seller's market. Take advantage of the market here in The Upstate of SC, interest rates are still low for buying, and it’s a true sellers’ market, time to either sell or buy your next home! Take a look at the number tracking I have done for the past several years – numbers don’t lie!
Active Listings: 3,667 total homes on the market
Contingent contracts: 1,187 homes
Pending contracts: 732 homes
Closed homes (SOLD) breakdown per month and year

2011
2012
2013
2014
2015
2016
2017
2018
Jan
363
371
509
531
607
656
707
807
Feb
429
464
530
581
685
771
784
870
Mar
574
597
665
720
1015
1065
1157
1209
Apr
576
608
734
818
926
1066
1020
1147
May
584
650
963
950
1125
1227
1234
1400
Jun
647
705
846
998
1242
1313
1348
1357
Jul
611
708
986
942
1367
1172
1208
1240
Aug
694
772
922
995
1104
1147
1246
1311
Sep
538
608
770
973
1069
1149
1118
1046
Oct
437
660
751
975
930
998
982
Nov
470
611
702
719
706
925
988
Dec
458
625
693
849
924
950
1061

I have also pulled the top 8 selling areas for September. These top 8 areas are 32: Southern Gvl, 33: Spartanburg, 41: Spnvl/Mauldin/Fountain Inn, 15: Landrum/Inman/Wellfrd, 22: East Side, 63: Easley Area, 13: Blue Ridge/Hwy 14, and 21: East Side.

top 8 areas sold in greenville sc

Looking at the map below of the MLS listing areas, we can see that the top selling areas are mostly outside of Greenville proper. Which tells me that baby boomers may be making most of the purchases in our area. The trend has been for millennials to buy in cities and urban areas where they can walk to work, eat and entertainment while baby boomers like to live on the outskirts of the city.mls area map for greenville sc


I also took a look at Trulia® real estate data for Greenville and their research shows that market trends would indicate an increase of $19,200 (10%) in median home sales over the past year. Average price per square foot also rose during this time from $119 to $132. One-bedroom properties rose +42.6%, two-bedroom properties rose +21.3%, three-bedroom properties rose +10.1% and four-bedroom properties rose +29.5% from June 27 to September 26, 2018.

We also find on Trulia® that they are indicating that median rent for all properties decreased to $1,200/month in October while the number of rentals increased to 467. We know that once interest rates start rising, potential homebuyers often make excuses to rent instead of buying a home. With another Fed increase this week, first-time homebuyers are feeling forced out of the market and are turning to renting.

And remember if you, a friend or family member need assistance with selling or buying a home I can help. Referrals and people needing relocation assistance are welcome! Search Single Family homes in Greenville. Search Condos and Townhomes in Greenville.

Friday, October 5, 2018

Home Appreciation Slowing

New numbers are out reporting real estate home price insights for August 2018. Nationwide, home prices which include distressed sales, increased from August 2017 by 5.5 percent. August home values also increased from July 2018 by 0.1 percent. These numbers are provided by CoreLogic and incorporates public records and newly released public data.
"August had the slowest appreciation in nearly two years."
Frank Nothaft, Chief Economist at CoreLogic says, “The rise in mortgage rates this summer to their highest level in seven years has made it more difficult for potential buyers to afford a home. The slackening in demand is reflected in the slowing of national appreciation, as illustrated in the CoreLogic Home Price Index. National appreciation in August was the slowest in nearly two years, and we expect appreciation to slow further in the coming year.”


This graph shows a comparison of the national year-over-year percent change for the CoreLogic HPI and CoreLogic Case-Shiller Index from 2000 to present month with forecasts one year into the future. Note that both the CoreLogic HPI Single Family Combined tier and the CoreLogic Case-Shiller Index are posting positive, but moderating year-over-year percent changes, and forecasting gains for the next year.

In 2018, CoreLogic together with RTi Research of Norwalk, Connecticut, conducted an extensive consumer housing sentiment study, combining consumer and property insights. The study assessed attitudes toward homeownership and the drivers of the home buying or renting decision process. August data indicates that, while home prices are cooling, they are still rising in most markets. Home sales are down in some metros, in part because sellers believe prices will continue to rise and that by waiting, they can sell their homes for a better price. Many intend to use proceeds from the sale of their current home to fund the down payment of their next home. Sixty-six percent of homeowners who are considering buying in the next 10 years will need to sell their current homes to finance their next one. Meanwhile, 35 percent of recent homebuyers said they used funds from the sale of their previous home to finance the down payment of their current home.
"Homeowners continue to wait out the market for a greater return on their investment."

President and CEO of CoreLogic, Frank Martell says, “In some markets, homebuyers and sellers are remaining cautious and taking a pause as price appreciation continues to rise. By waiting to sell, homeowners believe they will get the greatest return on their investment; the more money they have for a down payment, the easier the purchase payments will be for their next home.”

As for South Carolina, our year-over-year change in home values between August 2017 and August 2018 is at 5.0 percent with predictions for August 2019 of 5.6 percent. However, our month-over-month has stayed even at 0.3 percent.

Our closest metro area of Washington, D.C. is at 2.9 percent for August 2018. While Miami, FL is a bit higher at 3.5 percent. The markets in both these metro areas are more volatile than in Greenville, SC so market fluctuations will affect them more. When looking at the Market Condition Indicators map it is showing Greenville metro area as overvalued as of August 2018 while showing Spartanburg to our north as normal.

So, what does this mean for potential buyers and sellers in Greenville? If you plan on selling your home, contact me today so I can get you a current market value. With interest rates continuing to rise it will only make the buyer pool smaller as the ability for buyers to qualify for more expensive homes lessens. Conversely, buyers need to get into a home as soon as possible this year. Inventory is already low, inflation is under control for now, but interest rates will continue rising through the end of this year. Buyers and Sellers, don’t wait until you get priced out of the market.

And remember if you, a friend or family member need assistance with selling or buying a home I can help. Referrals and people needing relocation assistance are welcome! Search Single Family homes in Greenville. Search Condos and Townhomes in Greenville.