Housing and the Holiday

As hard as it is to believe it is Labor Day weekend – the unofficial end to summer.

This Labor Day, AAA is predicting that 34.1 million Americans will hit the road and travel at least 50 miles this weekend, making it the busiest Labor Day in the last four years.

Part of the reason for this increase in travel is actually – housing.

According to the AAA study, consumer confidence is increasing as their home values increase. With the improvement in the housing market, consumers feel that their largest asset, their home, is more valuable. This increase in confidence leads to more spending and this weekend – more travel. 

This is just another piece of evidence that points to the importance of the housing market in our overall economic recovery.

Will you be traveling this Labor Day?

New Photos!

Cooper Floorplan - 4 Bedrooms, 2.5 Baths, 2 Car Garage - Located at Fosters Glenn

Contact Barry Cunningham to find out more!
 843.416.8342

Housing Market Improving

According to a report by the South Carolina Realtors based on July 2013 figures, sales across the state of South Carolina increased by 21%. Home prices increased by 5% to a median price of $163,063.

The number of available homes and standing inventory has dropped to a 9 month supply of single family homes and 9.5 month supply of condos. A six month supply of homes is considered normal.

As the economy improves and consumer confidence increases home sales continue to rise. This bodes well for the future of the SC economy and housing industry.

Available Home

3020 Fosters Glenn Drive, Johns Island
 
3 Bedrooms
2.5 Baths
2,388 Square Feet

$377,925

Standard features include, stainless steel appliances, cement plank siding, raised foundation, oil rubbed bronze lighting and plumbing, granite counters, custom built-ins, fully cased windows and doors and much, much more! This plan has a lower level master bedroom, kitchen island, open plan with lots of natural light.

Contact Barry Cunningham
Carolina One Real Estate
(843) 530-0755
 

Buying Power

If you've done any research into buying a home you've probably come across the term "buying power". Simply put, "buying power" is your ability to maximize your money when purchasing a new home.

Interest rates greatly affect your buying power. Historically speaking, today's interest rates are extremely low. This means that the money you pay in order to
borrow money for your home is much less than it was in the past. With lower interest rates your monthly payment is lower and you can afford a more expensive home than you could before - thus your buying power has increased.

Interest rates are going to slowly rise and as they do it will erode some of your buying power. Now is the time to buy, before rates go higher!  You'll be able to afford more home than you thought possible while the interest rates remain low.  They won't be this low forever so don't miss this opportunity to maximize your buying power!

Cooper Model Home

Lowcountry Residential Builders has a new staged model home in Foster's Glenn.

The Cooper floor plan features has over 2000 square feet, 3 or 4 bedrooms, 2.5 baths and a 2-car garage.

Come visit us this weekend in Foster's Glenn! Sneak peek below.

Directions: From James Island take Maybank left on River Rd. approximately 4.8 miles on the right. Model Address will be located at 3032 Foster’s Glenn Dr. Johns Island, SC 29455

Contact Barry Cunningham
bcunningham@carolinaoneplus.com
Office: 843.416.8342
Cell: 843.530.0755

Some Grilling Favorites

Grilling is a great way to keep your kitchen area cool and cut down on those high summer utility bills. To help out all the summer grill masters here are some easy and quick recipes to keep the heat out of the kitchen this summer. Click on each recipe header to view the full recipe and instructions.

Grilled Corn on the Cob

Grilled Pork Chops

Honey Glazed Grilled Pineapple