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Dear , I hope you're having a great summer and making memories that will last a lifetime. The summer buying season is in full swing and the numbers show a strong and healthy local real estate market. We've seen a little more inventory this summer which is a welcome trend after such a long period of extremely low inventory. It's still a challenge to find the right home for first time buyers but most price points will have an easier search late this year and next year. If your planning on right sizing in the next few years don't wait to begin mapping it out, call me soon!
I hope you enjoy this month's newsletter and will forward it to your friends, family, and colleagues who may be thinking about buying a home.
All my best, Keith (864-420-0262)
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The number of transactions was up 1.2 percent year over year to 1390 units. Year to date we are up 2.3 percent and I expect that trend to continue through the rest of the year. New Listings were up 4.1 percent to 1,824. Inventory grew 26.3 percent to 4,993 listings. Prices moved higher as Median Sales Price was up 5.7 percent to $215,000. Days on Market increased 1.9 percent to 55 days and month's Supply of Inventory is 4.7 as it continues to be a seller's market locally.
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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 Mortgage rates moved higher after remaining at approximately the same level for three weeks. The rise in rates was driven by the improvement in consumer spending and partly due to optimism around a forthcoming cut in short term interest rates, which should provide support for business and investor sentiment. Despite this slight increase in rates, home buyers are taking advantage of the multi-year low rates in droves, which is evident in the consistently higher refinance and purchase application volumes. The improvement in housing demand should provide sufficient momentum for the housing market and economy during the rest of the year.
View the Survey Results
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30-Yr FRM
3.81%
0.6 Fees/Points
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15-Yr FRM
3.23%
0.5 Fees/Points
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5/1-Yr ARM
3.48%
0.4 Fees/Points
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 I've written about Unity Park before but now that construction has begun, I think it's worth revisiting regularly.
Unity Park and the surrounding area will become an important destination to all of us and it will reshape the City of Greenville. It will attract tourists and visitors from across the region and it will restore a half mile of the Reedy River upon which the city was founded. It will knit together surrounding neighborhoods with rich histories that transcend blight and impoverishment fueled by the city's segregated past. As part of the Unity Park project, nearby land owned by the city through a quirk of history has been dedicated for affordable housing as a bulwark against the pressures of gentrification already impacting the area.
View the Complete Plan and all the Details!
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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!
Create Your Own Dynamic Search
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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 to a Recent Show!
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