The School of Real Estate at the Moore School of Business, University of South Carolina, recently released a new publication, the Summer 2009 Housing Market Report, which features a housing market forecast developed by Joseph C. Von Nessen, Ph.D. and Dr. Doug Woodward. Dr. Woodward recently gave a housing market forecast to members of HBASC at the State Convention in downtown Greenville. Highlights include:
-Housing in South Carolina remains a good investment. Housing prices have continued to appreciate through the recession, and housing affordability is the highest it has ever been in South Carolina.
-Leading indicators show that the economic slowdown is coming to an end, or “bottoming out.”
-A recovering economy will not bring with it a return to the levels of housing demanded in the mid-2000’s.
-The high affordability of housing in South Carolina means that for our state, it will be one of the first industries to recover from the recession.
Click here to see the full report!