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The Buyer's Broker, Inc.
Mobile Phone 864-420-0262
Office Direct 864-271-4114
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Dear , I hope you are at the beach or traveling around the country enjoying your summer vacation this month. The market continues to be overheated but I see a baby boom sell off in our future. I've been watching the statistics at the upper end of the market and there is inventory accumulating that is being overlooked by the talking heads. If you're thinking about right sizing you should call me soon to discuss!
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)
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| July Market Update The number of transactions in June (1337) was up by 1.4 % and year to date up just 2.1 % which is a noticeable flattening of the rate of increase. The shortage of inventory is holding the market back and I hope we will begin to see a little cooling off period. I saw an article this week which documented that investors own 23% of all single family homes in the US. What a terrible statistic.  1. Cumulative Statistics 2. June 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.
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 Continued economic uncertainty and weak inflation data pushed rates lower this week. The 10-year Treasury yield fell 5 basis points this week. The 30-year mortgage rate moved with Treasury yields, dropping 7 basis points to 3.96 percent.
- 30-year fixed-rate mortgage (FRM) averaged 3.96 percent with an average 0.6 point for the week ending July 20, 2017, down from last week when it averaged 4.03 percent. A year ago at this time, the 30-year FRM averaged 3.45 percent.
- 15-year FRM this week averaged 3.23 percent with an average 0.5 point, down from last week when it averaged 3.29 percent. A year ago at this time, the 15-year FRM averaged 2.75 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.21 percent this week with an average 0.5 point, down from last week when it averaged 3.28 percent. A year ago at this time, the 5-year ARM averaged 2.78 percent.
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 Remodeling may be a labor of love, but it's also an investment that can seriously boost the value of your home. Only by how much? Well, according to Remodeling magazine's
2016 Cost vs. Value Report, you'll recoup an average of 64% of what you paid for a renovation if you sell your home this year.
To arrive at these figures, Remodeling asked consultants in various markets to estimate the average cost for 30 home improvement projects, from adding a bathroom to replacing a roof. Then, they asked real estate agents nationwide to estimate the expected resale value of these renovations so that readers could compare their out-of-pocket costs to how much money they'd get back when it came time to sell their home.
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 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!
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| 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
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