In this Issue
December Market Update
Mortgage Rates Headed Higher
Adding an Outdoor Fire Feature
Search For Homes
House Plans Radio
Join Our Mailing List

The Buyer's Broker of Greenville  

   The Buyer's Broker, Inc.
   Keith Clark  Broker/Owner
www.GreenvilleBuyersAgent.com
  Mobile Phone 864-420-0262
    Office Direct 864-271-4114  
 

 County Bank Logo    

 Call JD Nelson at 864-331-2212

AskJD@CountybankMortgage.com

CountybankMortgage.com 

    

Helpful Hyperlinks
Dear , I hope you had a terrific Holiday and made many great memories that will last a lifetime. Things are back to normal for me and I begin the new year with the optimism and excitement that every new year brings. The Clarks will be moving to the Eastside this Spring and we are looking forward to it with great anticipation. Well, all the Clarks except Bennett but the decision has been made and I think he will adjust just fine. I had a little back surgery in January that appears to be successful so far and I consider it nothing less than a miracle for which am very grateful!

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)

January Market Update  

The year ended with a record number of transactions for the second year in a row.  number of transactions for November was up 29.8% bringing the year to date number to 8.2% over last year. If December is more of the same we will set a new record of 12,500 transactions. Increasing interest rates is creating a sense of urgency that will probably continue into the Spring market. The Mortgage Bankers Association is predicting a gradual increase in rates to 5% by the end of 2018.         

   

1. End of Year MLS Statistics 

 

2. December MLS Statistics

 

3. Year to Date MLS Statistics   

 
  
 
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.
After trending down for most of the week, the 10-year Treasury yield rose following the release of the CPI report. In contrast, the 30-year mortgage rate fell three basis points to 4.09 percent, the third straight week of declines.
  • 30-year fixed-rate mortgage (FRM) averaged 4.09 percent with an average 0.5 point for the week ending Jan. 19, 2017, down from last week when it averaged 4.12 percent. A year ago at this time, the 30-year FRM averaged 3.81 percent. 
  • 15-year FRM this week averaged 3.34 percent with an average 0.5 point, down from last week when it averaged 3.37 percent. A year ago at this time, the 15-year FRM averaged 3.10 percent. 
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.21 percent this week with an average 0.4 point, down from last week when it averaged 3.23 percent. A year ago, the 5-year ARM averaged 2.91 percent.
The Wine Cafe at Northampton Wines is one of my favorite restaurants and Richard deBondt is one of my favorite people. Richard plays the bass trombone in the Symphony and has been the local wine merchant for more than 40 years. If you don't know Richard you should make it a point to visit Northampton Wines and Introduce yourself. The food is excellent and you can pick out a great bottle of wine from the store, pay a $10 corkage fee and have a great meal at a reasonable price. Northampton has a Wine Tasting each Friday night and on occasion a special tasting that raises the bar for both wine and wine education. Mary and I went to the Jadot Barrel Tasting this month and it was a real treat. You can Join their List to receive all the news and happenings at Northampton and I am sure it will become one of your top ten too!
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