Home Builders in Goose Creek and in the Charleston, SC Area are offering Great Home Buyer Incentives

If you are home buyer, buying a spec. home from a builder is a great option to buying your first or second  home.  Due to the current real estate market conditions, many home builders in the Goose Creek and in the Charleston, SC area are offering significant incentives for buyers.  Some of the incentives are down payment assistances, help with closing costs, home upgrades, a delayed closing, and more. 

Unfortunately, time will tell if the real estate market is turning around, but is definitely a great time to buy, with the low interest rates and the builder incentives that are available. 

If you are interested buying now or in the future, call me at (843) 818-9898 or email me at matt@exitcharleston.com to learn about the different opportunities available in new construction or existing homes. 

New-home sales rebound in June from record low

Upturn in sales pace still second lowest on record; builder stocks rally

By Greg Robb, MarketWatch - WASHINGTON (MarketWatch) - June 26, 2010 - U.S. sales of new homes scored a better-than-expected rebound in June after having plumbed record lows a month earlier, government data showed Monday.

Sales rose 23.6% in June to a seasonally adjusted annual rate of 330,000, the Commerce Department reported.

Economists said the gain wasn't a sign of strength but was welcome nonetheless, coming after a reading for May that turned out more dismal than first projected.

New-home sales for May plummeted a revised 36.7% to a record low 267,000 level after a federal subsidy for home buyers expired. This is a steeper drop than the 32.7% fall and 300,000 in annualized sales that the government initially estimated.

"Builders sold almost no new homes in May so the sharp rise in June shouldn't be taken as a sign the housing market is suddenly on fire," wrote Joel Naroff, president of Naroff Economics Advisers.

All the same, stocks got an immediate lift from the data and Wall Street remained broadly higher at midday. See Market Snapshot for the current market activity.

Despite the big bounce, this is still the second lowest sales rate on record.

Shares of home builders rallied, easily outpacing gains in the broader U.S. equity benchmarks.

Hovnanian Enterprises Inc. /quotes/comstock/13*!hov/quotes/nls/hov (HOV 4.57, +0.28, +6.53%) , Beazer Homes USA Inc /quotes/comstock/13*!bzh/quotes/nls/bzh (BZH 4.29, +0.25, +6.19%) , and Pulte Group Inc. /quotes/comstock/13*!phm/quotes/nls/phm (PHM 9.03, -0.04, -0.40%) all gained more than 5% in afternoon trading.

By region, last month's sales rose in all regions except the West, where sales hit a new record low. Compared with June 2009, last month's sales were down 16.7%.

In June, the number of unsold new homes on the market slipped 1.4% to 210,000, the fewest since September 1968. That represented a 7.6-month supply at the June sales pace, less than the 9.6-month supply in May.

The median sales price of $213,400 in June was down 0.6% compared with a year earlier. Read full government release.

Where from here?

Economists said the weakness in the housing sector has been laid bare since government support for the sector, which lasted for more than two years, ended.

The government had been providing up to $8,000 to qualified buyers. But the sales contract had to be signed by the end of April to receive the credit. In addition, the sale must close by Sept. 30.

The big question is whether the housing sector can strengthen from here.

To read the rest of this article, http://www.marketwatch.com/story/june-new-home-sales-bounce-off-record-lows-2010-07-26

Charleston, Goose Creek, & Hanahan Real Estate For Sale

Matt Naumann – Charleston & Goose Creek, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Goose Creek, SC Real Estate Market. My motto is “There is always a way!” Google or Call me (843) 818-9898 and let’s discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.