In this Issue
February Market Update
Mortgage Rates Hold
The RBC Heritage
Search For Homes
House Plans Radio
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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 

    

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Dear , I'm exited and I hope you are too! Spring has arrived early and I see the Bermuda already turning green in some places. I count down the days until March 1st because I know we're going to have warm days with a short cold snap somewhere in March, and once every three years we have a big snow in March. I don't think I have to worry about that this year! January set another record in the number of transaction and it looks like 2017 will be another record year in both and median price number of transactions. The Clarks are moving to 1200 Pelham in a couple of months and I'm looking forward to all that Eastside convenience!

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)

February Market Update  

The year began with a record number of transactions for the second year in a row. This year will set new highs in most categories as the mass migration of baby boomers and new jobs continue to the Southeast and Greenville in particular. The downtown market is on fire with new residential and commercial construction on every street corner and prices going up every day.  

   

1. Cumulative Statistics 

 

2. January 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.
In a short week following Presidents Day, the 10-year Treasury yield fell about 8 basis points. However, the 30-year mortgage rate rose 1 basis point to 4.16 percent. This week's survey once again displays the disconnect between mortgage rates and Treasury yields, a result of continued uncertainty.
  • 30-year fixed-rate mortgage (FRM) averaged 4.16 percent with an average 0.5 point for the week ending Feb. 23, 2017, up from last week when it averaged 4.15 percent. A year ago at this time, the 30-year FRM averaged 3.62 percent. 
  • 15-year FRM this week averaged 3.37 percent with an average 0.5 point, up from last week when it averaged 3.35 percent. A year ago at this time, the 15-year FRM averaged 2.93 percent. 
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.16 percent this week with an average 0.4 point, down from last week when it averaged 3.18 percent. A year ago, the 5-year ARM averaged 2.79 percent.
The October storm hammered Hilton Head and I had several friends who were affected by it personally. I've been told the Island is back to normal and all the locals are excited that it's Heritage time. The Heritage is the only PGA TOUR event in South Carolina and it's been played at Harbour Town Golf Links since 1969 (49th year). The venue at Harbour Town gives you an up close and personal view of the action that you won't get at the Masters and since we don't go to the Heritage for just the day you'll have fun 24/7 if you know where to hang! This years Field is a good one including past champions Stewart Cink, Jim Furyk, Matt Kuchar, Graeme McDowell and Brandt Snedeker. If you've never been I promise you will have a good time! www.RBCHeritage.com
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