Goose Creek Real Estate - Goose Creek South Carolina is a suburb city of Charleston SC. The real estate market in the Metro Charleston area has seen a decline in recent years, as has most of the country, but overall the market has stayed pretty sound. I say sound because the last few years has been the effect of the market balancing itself from the real estate bubble that occurred during the mid years of this decade.
The chart below shows the rise and fall of homes sold during 2009 in Goose Creek, SC. The year started off extraordinarily slow but with government incentives for first time home buyers the year ended strong, save December. The primary culprits for the low home sale numbers throughout the year included higher unemployment and tighter lending guidelines.
The next chart gives a big picture of the Goose Creek housing market from 2002 - 2009. Home sales began to escalate in the first part of the decade with a peek in 2006. Although home sales began to decline in 2007, home prices have only seen a modest decline in comparison to most of the other country. Why? According to Jeannine Cataldi, a senior economist at IHS Global Insight, "They (Charleston) didn't have such a big run-up, and they have a diverse economic base that enabled them (home prices) to stay stable." Click here to read more on the 5 Markets Expected to Fare Best in 2010.
www.MetroCharlestonHomes.com -Search Charleston Homes
www.providingthelight.com - My Blog