Ask Yourself These Qs if You're Considering Buying a Home in Charleston, SC

Contemplating the purchase of a home in South Carolina? Seek guidance from AgentOwned Realty, your trusted local real estate expert, especially in the best places to live in Charleston, SC. As the best brokerage in Charleston, SC, AgentOwned Realty boasts top-rated real estate agents in Charleston, SC, ensuring you receive informed advice tailored to the dynamic real estate market of the state.

Amidst the considerations for your home purchase, take a moment to address two crucial questions and cut through the noise with relevant data:

1. Where Do I Think Home Prices Are Heading? Turn to reliable sources for home price forecasts, such as the Home Price Expectations Survey from Fannie Mae. This survey, encompassing economists, real estate experts, and market strategists, projects a continued rise in home prices at least through 2028. While the pace of appreciation may moderate, the key takeaway is that home prices are expected to increase, providing potential for your home to grow in value and gain equity in the years ahead. Waiting may result in higher costs, making the current market an opportune time to buy.

2. Where Do I Think Mortgage Rates Are Heading? Stay informed about mortgage rates, considering recent trends and economic factors. In response to moderating inflation, mortgage rates have shown a decline in recent weeks. The Federal Reserve's decision to pause rate increases and the possibility of rate cuts in 2024 further support projections of easing mortgage rates. Danielle Hale, Chief Economist at Realtor.com, anticipates that mortgage rates will continue to ease, contributing to affordability relief for homebuyers. The National Association of Realtors (NAR) highlights the likelihood of improved housing affordability, enticing more buyers into the market.

While absolute certainty about future mortgage rates is elusive, the recent decline and the Federal Reserve's stance offer hope for favorable conditions. Staying updated on these factors is crucial for making an informed decision about your home purchase.

In conclusion, if you're considering buying a home in South Carolina, connect with AgentOwned Realty to stay abreast of market trends, especially in the context of the local real estate landscape, weather, schools, jobs, and overall climate in South Carolina. Our expertise ensures you have the latest information to navigate the housing market effectively.

If you’re looking for your dream home, or if you need to sell your existing home, we can certainly help, our agents are ready and able! Agent Owned is a full service brokerage that can assist you in getting pre-qualified to loan approval. We can help you with title insurance, home insurance and the warranties you need to protect your most valuable asset. At AgentOwned, we have helped thousands of people buy and sell their homes, we have been in business for over 30 years and know what it takes to get the job done right the first time. 

Each agent has access to a team of qualified professionals from attorneys to mortgage specialists and access to a knowledge base of highly experienced Brokers that can handle any situation. Find the right agent now at: https://www.agentowned.com/all-agents 

To learn more about South Carolina including schools, employment and more see: https://www.agentowned.com/moving-to-south-carolina 

If you’re interested specifically in the Greater Charleston area see: https://www.agentowned.com/moving-to-charleston-sc 

If you’re looking for information about Manning, Sumter and the Lakes Area, see: https://www.agentowned.com/moving-to-manning-sumter 

And if you’re interested in the greater Anderson area see: https://www.agentowned.com/moving-to-anderson