Home prices have been going up steadily for over four years now. This has a lot of people asking if we are in another housing bubble.READ MORE
You can become a millionaire through real estate.
This may sound like a wild sales pitch from a shady investor, however - the reality exists. Real estate can be used as a powerful wealth building tool that has made turned millions of individuals into millionaires.
You could be next. But there is a catch... Not everyone who buys a piece of property becomes rich. To be honest, plenty of people buy real estate only to find empty bank and anxiety. Some struggle for years and never build the wealth they've dreamed of.
So the question remains - how can someone use real estate to truly become a millionaire???
Read more below...
In the wake of the election, there is a lot of uncertainty about mortgage interest rates. They have risen about 1%, but will they go up even further in the coming months?READ MORE
If you are considering renovating your home before you put it on the market, there are a few things you should know. For instance, certain home renovations will net you more money on your home sale than others. Today, I will go over a few areas in your home that you should consider updating. I will also tell you about a few renovations to avoid. To learn more, watch this short video.READ MORE
We recently helped replace a roof at a local home for Habitat for Humanity in the wake of Hurricane Matthew. We wanted to give a glimpse of all the good work this organization does.READ MORE
Water damage has been prevalent in the Lowcountry lately, but that doesn’t mean it’s obvious when you are buying a home. What can you do to protect your investment and make sure you aren’t buying a money pit?READ MORE
Brexit was a boon to not only our mortgage rates here in the U.S. but also to our real estate market in general. What does this mean for buyers and sellers?READ MORE
October ushered in Hurricane Matthew and a massive evacuation of South Carolina’s low-country. However, October’s home sales stayed steady and strong. Our region saw a higher number of homes sold, and a higher median sales price compared to October 2015. Sales volume is expected to quiet some heading into the holiday season, but price growth is expected to remain steady due to the limited inventory of homes, according to CTAR President Michael Sall.
Inventory has declined by 19% over the last 12-month period, with 5,285 homes listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS) as of October 31. We expect that inventory will remain low, as it traditionally does, through the winter.
According to data released by CTAR, 1,272 homes sold in October in the Charleston region at a median price of $240,000. Sales volume and median price declined slightly, as expected, heading into the Fall. In October 2015, 1,264 homes sold at a median price of $225,000.
Year-to-date figures show 14,963 homes sold at a median price of $240,000 in our area. Comparing year-to-date figures from 2015, sales volume has increased 9% and buyers are paying 6% more for homes in the region than they did last year.READ MORE
The Wall Street Journal’s #1 Ranked High-End Team in Charleston, SC
“At Matt O'Neill Real Estate, our first core value is integrity and we ALWAYS put our client's needs before our own. This is the reason over 1/2 of our business comes by way of referral and why we are one of the top-selling real estate teams in the country."