I am sure every one see headlines like Low Prices Draw Investors Back to Market and wonder if this is true in Upstate South Carolina. I can tell you it is true and there are not just investors taking advantage of the low prices. Many first time buyers are taking advantage of the tax credit, low prices and interest rates.

Sometimes I wonder what I talked about before I became a REALTOR. Just today I had a long discussion about the local market and how investors are out in full force. But you still have to realize that this article points out that half of the people they surveyed that were planning on buying in the next 2 years are first time home buyers. I wonder if the tax credit is the only reason for first time buyers deciding to enter the market. With low interest rates, outstanding inventory and affordability at tempting levels, you know it is a great time to buy a home in Upstate South Carolina.

After this afternoon's conversation about the market, I thought back to the closings I have had so far this year. It  became apparent that while there were investors, and almost an equal amount of first time buyers, but there were not as many step up buyers. A step up buyer sometimes refers to home owner that is looking to move to a bigger or more expensive home. Why has this segment of the market been so quiet?

With the recent changes in the tax credit, many more people in SC are eligible to take advantage of the homes for sale in the Upstate. Maybe we will start seeing more buyers than just the investors and first time buyers. It seems a shame that there are people missing the same great deals, interest rates and affordability that so many are taking advantage of!

If you have heard about the changes in the tax credit and want to see what the Upstate SC real estate market has to offer please contact me. I can set up an automated MLS search to send properties that fit your unique needs directly to your email address.