RealEstateRama

South Carolina REALTORS® (SCR) today released its December 2015 real estate market reports. The data reveals that the South Carolina housing market wrapped up the year on a positive note, with increases in both closed sales and median sales price.

New Listings were up 3.9 percent to 9,172 statewide. Pending Sales increased 3.2 percent to 5,991. Inventory shrank 5.8 percent to 39,091 units. Prices moved higher as Median Sales Price was up 6.0 percent to $174,900. Days on Market decreased 11.0 percent to 97 days, the twelfth consecutive month of year-over-year declines.

Agriculture Secretary Tom Vilsack today announced that USDA is providing more than $100 million in loans to build or improve 1,000 miles of electric transmission and distribution lines for rural electric cooperative utilities in four states.

South Carolina's Santee Electric Cooperative, Inc. is receiving $54.8 million to build or improve 605 miles of line for residential and business customers. The loan also includes $3 million for storm damage restoration.

The new production plant in North Charleston, S.C. will supply the North American market with the next-generation Sprinter, creating 1,300 new jobs over the next several years.

Specialty Polymers, Inc., a privately held manufacturer of water-based emulsion polymers and adhesives, is expanding its existing Chester County operations. The $5.5 million investment will significantly increase the plant’s capacity and generate five new jobs.

South Carolina REALTORS® (SCR) today released its December 2013 Statewide Market Reports. 2013 proved to be a good year for housing. Home sales and prices were broadly higher across the nation, while foreclosure loads, the number of homes for sale and the number of days it took to sell a home were all much lower. Multiple-offers became commonplace again and prices in many areas, rallied to multi-year highs.

COLUMBIA, S.C. - May 20, 2013 - (RealEstateRama) -- While Realtors® from across the country convened in Washington D.C. last week to attend Realtors® 2013 Midyear Legislative Meetings and Trade Expo, members from South Carolina REALTORS® (SCR) met with lawmakers on Capitol Hill to discuss critical South Carolina housing issues.

COLUMBIA, S.C. - November 15, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its October 2011 statewide market reports. Record low mortgage rates, affordable prices and favorable negotiating leverage seem to be driving purchases.