South Carolina RealEstateRama

COLUMBIA, S.C. - May 21, 2012 - (RealEstateRama) -- Realtors® from across the country converged in Washington, D.C., last week during the National Association of Realtors® 2012 Midyear Legislative Meetings & Trade Expo. South Carolina Realtors® (SCR) President Gordon Seay was among them. Seay also joined an estimated 15,000 Realtors® and members of Congress at the Washington Monument to rally on behalf of homeowners, real estate investors and those who aspire to homeownership.

COLUMBIA, S.C. - May 15, 2012 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its April Statewide Market Reports. New Listings in South Carolina decreased 6.2 percent to 8,863. Pending Sales were up 18.1 percent to 5,243. Inventory levels shrank 16.1 percent to 49,593 units.

COLUMBIA, S.C. - April 17, 2012 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its March Statewide Market Reports. New Listings in South Carolina decreased 11.3 percent to 9,413. Pending Sales were up 8.6 percent to 5,254. Inventory levels shrank 15.9 percent to 49,249 units. Prices were fairly stable. The Median Sales Price decreased 0.1 percent to $144,825 and Days on Market was down 4.4 percent to 139 days. Absorption rates improved as Months Supply of Inventory was down 19.6 percent to 11.8 months.

March 22, 2012 - (RealEstateRama) -- Realtors®, media, business and homeowners are invited to join South Carolina REALTORS® (SCR) for a press conference and Rally on Tuesday, March 27, 2012 @ 11:00 am, at the South Carolina Statehouse.

Dallas, TX - March 21, 2012 - (RealEstateRama) -- The Residences on King, America’s newest urban residence club located in Charleston’s famed Antique District, has joined the exclusive Elite Alliance exchange program, it was announced today. The Residences on King comprises 16 one- and two-bedroom apartments in a meticulously renovated historic building on one of Charleston’s most vibrant streets. Elite Alliance (www.theelitealliance.com) provides exchange privileges for owners of luxurious, professionally managed residence clubs and vacation homes in some of the world’s most coveted destinations.

COLUMBIA, S.C. - March 15, 2012 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its February Statewide Market Reports. New Listings in South Carolina decreased 7.2 percent to 8,228. Pending Sales were up 16.9 percent to 4,653. Inventory levels shrank 15.7 percent to 48,446 units. Home prices gazed skyward. The Median Sales Price increased 2.6 percent to $140,000. Days on Market was up 3.0 percent to 148 days. Absorption rates improved as Months Supply of Inventory was down 18.4 percent to 11.7 months. Data from Cherokee County is also now included in the reports for a complete statewide picture.

COLUMBIA, S.C. - February 15, 2012 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its January Statewide Market Reports. As we delve into a new year, we're seeing mostly positive signs. New Listings in the state of South Carolina decreased 4.1 percent to 8,427. Pending Sales were up 19.7 percent to 4,042. Inventory levels shrank 15.2 percent to 47,916 units. Home prices began the year on an up-note as Median Sales Price increased 3.4 percent to $145,000 while Days on Market was down 0.6 percent to 143 days. Absorption rates improved as Months Supply of Inventory was down 16.9 percent to 11.7 months.

COLUMBIA, S.C. - January 25, 2012 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its 2011 Year-End Statewide Market Report and video.

COLUMBIA, S.C. - January 17, 2012 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its December 2011 statewide market reports. New Listings in the state of South Carolina decreased 12.4 percent to 5,233. Pending Sales were up 11.4 percent to 3,173. Inventory levels shrank 15.6 percent to 48,158 units, extending the signature trend of 2011. Prices were fairly stable. The Meidan Sales Prices increased 0.3 percent o $150,366. Days on Market increased 3.6 percent to 148 days. Absorption rates improved as Months Supply of Inventory was down 16.0 percent to 11.9 months.

COLUMBIA, S.C. - December 19, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) released its November 2011 statewide market reports last week, which included an error in the MLS statistics for Greater Columbia. The original statewide report showed 123 closed sales for November 2011 compared to 435 closed sales for November 2010, which would have indicated a 71 percent loss. Instead, the corrected report shows 491 closed sales for November 2011, resulting in a gain of 12.9 percent. Please see the attachment for more details.

COLUMBIA, S.C. - December 15, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its November 2011 statewide market reports. Home prices are one of the most popular barometers of market vitality, yet they only tell part of the story. Soft prices may accompany improvements in other indicators such as purchase demand, absorption reates, seller concessions or market times.

COLUMBIA, SC - November 29, 2011 - (RealEstateRama) -- United States Attorney Bill Nettles stated today that Robert C. Sasser, age 32, of Lexington, was sentenced in federal court in Columbia for wire fraud, a violation of 18 U.S.C. § 1343. United States District Judge Margaret B. Seymour sentenced Sasser to three years’ imprisonment and ordered him to pay approximately $1.6 million in restitution to Wells Fargo bank

COLUMBIA, SC - November 22, 2011 - (RealEstateRama) -- United States Attorney Bill Nettles stated today that Kenneth Paul Holmes, age 48, of Chapin, South Carolina, was sentenced in federal court in Florence, South Carolina, for conspiracy to commit bank fraud, a violation of 18 U.S.C. § 1349. United States District Judge Terry L. Wooten of Florence sentenced Holmes to five months’ imprisonment and ordered him to pay $2,488,398.00 in restitution.

COLUMBIA, S.C. - October 17, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its September 2011 statewide market reports. Like the weather, all real estate is local. As we embark on the fourth and final quarter of 2011, let's take a look at the South Carolina forecast.

COLUMBIA, S.C. - September 22, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) Annual Conference and Expo, UnConference, was a big success with hundreds of REALTORS® from across the state in attendance. The event was held at the Hyatt Regency in Greenville, South Carolina September 14-16. Highlights of the conference are listed below. Photos and interviews are available upon request.

COLUMBIA, S.C. - September 15, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its August 2011 statewide market reports. Despite some choppy waters in August, there have been noteworthy shifts on both sides of the closing table. Buyer activity is moving back in line with historical trends while sellers are making fewer concessions in order to sell their homes.

Columbia, SC - September 12, 2011 - (RealEstateRama) -- Future homebuyers across South Carolina soon may not have access to affordable mortgages. That's just one of the many issues the National Association of REALTORS® (NAR) and the South Carolina Association of REALTORS® (SCR) wants residents to know about as the Home Ownership Matters Bus Tour pulls into town on September 19.

Columbia, SC - September 12, 2011 - (RealEstateRama) -- South Carolina REALTORS® will hold its annual meeting and conference, The UnConference, at the Hyatt Regency in Greenville South Carolina September 14-16, 2011. Approximately 320 REALTORS® from across the state are expected to attend the event.

COLUMBIA, S.C. - August 15, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its July 2011 statewide market reports. At the height of summer, we're finally beginning to move beyond comparisons to the 2010 incentive market. Even so, sudden changes in sales volumes are likely due to factors occurring at this time last year. Qualified buyers may find more attractive opportunities now than during either of the recent tax credits. Interest rates should hold their ground around five percent, though the shift in the federal credit rating could change that. Some indicators suggest improving conditions.

COLUMBIA, S.C. - August 12, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) President Rusty Garrett will join Governor Nikki Haley and other business leaders at Daniel Island Real Estate on Monday, August 15 at 10:30 am for a ceremonial bill signing of H.3713, the Point of Sale bill. The bill passed this summer, shortly after an economic analysis revealed eliminating Point of Sale reassessments could increase investment in South Carolina real estate upward of $2.4 billion, resulting in a direct impact on jobs and the economy.