Possible extension on tax credit for buyers. Read the article below:

http://www.wsoctv.com/news/23926050/detail.html?taf=char

Home sales are up! According to NAR pending home sales are up  21.1% from March 2009 to March 2010.

Click here to read the full article.

Click here to watch a short video on our new property at 120 Sans Souci.

The Charleston Trident Association of Realtors® announced statistics for March 2010. Inventory for single family homes was down from March 2009, and sales have increased by 6.6% over the last year.

I came across an article yesterday that briefly described the tax consequences in regards to Obama’s health care package. Specifically regarding real estate the new bill imposes a 3.8 percent tax on home sales and all real estate transactions.

href=”http://www.postandcourier.com/news/2010/apr/12/area-home-sales-22-march-trade-group-says/”>

Important information on Short Sale Property: http://www.postandcourier.com/news/2010/apr/06/more-help-for-homeowners/

the National Association of Realtors said the number of people who agreed to buy previously occupied homes rose 8.2 percent in February. The index is considered a signal of future sales activity.

Home sales had been sluggish during the winter, partly because shoppers felt less rushed after lawmakers extended the deadline to qualify for a tax credit. The new deadline is April 30.

http://www.postandcourier.com/news/2010/apr/06/services-housing-spur-new-optimism/

National Flood Insurance Program lapses & home buyers face a major hurdle as many wait for congress to reauthorize coverage. “This has crippled the real estate industry,” said Ruthie Smythe of Charleston-based Lane and Smythe Real Estate. “It has shut down any closings and any new policies. The fact that they have left us hanging here for two weeks is just horrendous. We are just starting to see some glimmers of hope and this is what they are doing to us.” Reach Warren Wiseat 937-5524 P&C March 31, 2010http://www.postandcourier.com/news/2010/mar/31/homebuyers-face-major-hurdle/