In this Issue
August Market Update & Stats
Mortgage Rates Remain Flat
Water is the Enemy!
Search For Homes
House Plans Radio
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Dear , I hope you had a great summer and made many special memories that will last a lifetime. We vacationed at Amelia Island and it was terrific as always. Bennett is a senior this year at SCS and he has his own car now. Mary and I are enjoying his new found independence with some trepidation but overall it has been a good experience so far. He has already applied to Anderson University for next year and plans to major in Computer Information Services so I'm feeling good about his job prospects for 2023.

If you're thinking about selling and moving up or right-sizing, call me to learn more about The Buyer's Broker comprehensive approach to buying and selling. 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 or selling a home. All my best, Keith (864-420-0262)
The market closed 1278 transactions during the month of July, which was a 3.7% increase from July 2017. The rate of increase has slowed a little, but we expect 2018 will be another record year.  The national numbers have been flat all year and the rationale given by the analysts is the shortage of inventory, but I think there is more to it than just the shortage of inventory. When you combine rising interest rates with rising prices and add the shortage of inventory it makes sense. If you're thinking about right sizing or moving up, call me, I can help you with both transactions!


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.
Mortgage rates remained mostly flat over the past week, which has been the dominant theme since late spring. This stability in borrowing costs comes despite the highest core inflation rates since 2008 and turbulence in the currency markets. Unfortunately, this pause in rates is not leading to increasing home sales. Purchase mortgage applications trailed year ago levels again last week, and it's clear in some markets that the combination of ascending home prices, limited affordable inventory and this year's higher rates are curtailing buyer demand. View the Survey Results
30-Yr FRM
4.53%
0.5 Fees/Points
15-Yr Fixed Rate
4.01%
0.5 Fees/Points
5/1-Yr Adjustable
3.87%
0.4 Fees/Points
I wrote the original article on this subject in a printed Newsletter in 2009 entitled " Water is the Enemy". It's such an important subject that I include it once a year in my newsletter because the consequences of not checking for excessive moisture under the house can be a huge headache and very costly.

Managing the water around your home is one of the most important elements in maintaining your home. Rain water and it's effects cause many of the problems I see every day when viewing and evaluating property. A few of the expensive repairs I regularly see are rotten soffits, fascia board, and window frames, termite damage, and standing water in the crawl space. There are many other problems that result from excessive moisture, but these three are the ones I see most often. 
Read Water is the Enemy of Every Home Owner 
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 to a Recent Show!