That latest quarterly economic report is ready for viewing. Produced in partnership with RESH Marketing and sponsored by Clark’s Services, the report provides HBA members with up-to-date information about the Upstate housing market in an easy-to-consume five-minute video format.
The report is presented by Joseph Von Nessen, PhD., CMP, Director of the Real Estate Center at the University of South Carolina Moore School of Business.
The key findings in this quarter are the weakening of employment, which was stronger in 2012 than 2013, largely the result of the Federal Government Sequester and the increase in the Federal Payroll Tax. The report also found that intense competition, particularly in Greenville, has resulted in more than 70 percent of new homes have been built by the top 10 builders.