South Carolina REALTORS® (SCR) today released its August housing market data indicating that demand is present and creating competitive situations regarding pricing, while inventory continues to drop.

U.S. Senator Tim Scott (R-SC), chairman of the Senate Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development, announced that the subcommittee will hold a hearing Thursday, September 22nd, on the Department of Housing and Urban Development’s (HUD) inspections process at properties in Florida managed by Global Ministries Foundation (GMF). Bahamas Real Estate

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Applebee’s Neighborhood Grill & Bar (Applebee’s) property located at 811 S. Irby Street in Florence, SC for $2,050,000. The City of Florence is the largest city in Northeastern South Carolina and was recently named among America’s top fifty cities for business relocation and expansion by Expansion Management Magazine.

South Carolina REALTORS® (SCR) today released its July housing market data, revealing that even as prices rise in many communities, homes continue to sell faster now than they have in the past several years

The Senate has overwhelmingly passed the Housing Opportunity Through Modernization Act (HOTMA), a bill introduced by U.S. Senator Tim Scott (R-SC), Robert Menendez (D-NJ) and colleagues that focuses on instituting federal reforms that will improve families’ access to high-opportunity areas and quality of life while cutting overall program costs

South Carolina REALTORS® (SCR) today released its June housing market reports. The data show an up-tick in sales and prices for most areas, while the number of homes for sale and total months supply of inventory have been going down.

U.S. Senators Tim Scott (R-S.C.), Chair of the Senate Subcommittee on Housing, Transportation, and Community Development, Bob Menendez (D-N.J.), Ranking Member of the Senate Subcommittee on Housing, Transportation, and Community Development, Chris Coons (D-Del.) and Roy Blunt (R-Mo.) today introduced the Housing Opportunity Through Modernization Act (HOTMA), which would streamline and reform federal housing programs to expand affordable housing opportunities for low-income families in high-opportunity neighborhoods with lower crime and better schools, improve the quality of life for public housing residents, strengthen work incentives, reduce homelessness and cut red tape

South Carolina REALTORS® (SCR) today released its April housing market data. The reports show the number of homes for sale has generally remained lower compared to a year ago, and prices have been steadily increasing in desirable communities.

The City of Charleston and homeless service providers have been working diligently for the past 60 days to assist individuals in tent city with alternative housing options, as the population of tent city has shrunk from 115 individuals to 43 as of March 28, 2016. The city has now arranged to provide transitional housing for all remaining residents of tent city, as more permanent housing solutions are sought

U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro today announced $157 million will be awarded to South Carolina communities for disaster recovery efforts following significant rainfall and flooding in October 2015. The funds will help to meet remaining unmet housing, economic development, and infrastructure needs that resulted from thousands of homes and small businesses being damaged or destroyed.

South Carolina REALTORS® (SCR) today released its 2015 annual market report. The data shows the real estate market in South Carolina experienced its best year since the end of the Great Recession in 2009

In October of 2015 South Carolina REALTORS® (SCR) in partnership with the National Association of REALTORS®, began offering assistance to South Carolina’s flood victims through the REALTORS® Relief Foundation (RRF). As of December 31st, the program has come to a close and the final numbers have been tallied.

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.

South Carolina REALTORS® (SCR) today released its November 2015 real estate market reports, showing that residential real estate experienced the best year for that month since the recession. The year is wrapping up to have the best national showing since 2006

South Carolina REALTORS® (SCR) in partnership with the National Association of REALTORS® has extended its REALTORS® Relief Foundation (RRF) flood assistance program to December 31, 2015. The program was originally set to expire November 30th.

Inventory shrank six percent to 37,453 units, however Prices moved higher as Median Sales Price was up almost eight percent to $174,460. Inventory was down throughout October by 17 percent to 6 months.

The South Carolina REALTORS® (SCR), in partnership with the National Association of REALTORS® is offering assistance to South Carolina’s flood victims through the REALTORS® Relief Foundation

South Carolina REALTORS® (SCR) 2015 joint annual conference and expo with the North Carolina Association of REALTORS® (NCAR) at the Hilton Head Marriott Resort and Spa, September 12-15, 2015 drew more than 800 Realtors® across two states. The event, which marked the third time the states have partnered for annual conference, offered attendees an opportunity to network with colleagues across state lines.

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.

According to the U.S. Census, homeownership is at 63 percent for the second quarter of 2015- down one percent from the second quarter of 2014. This is the lowest rate of homeownership since 1967. However on a micro level, mortgage applications have kept Realtors® in South Carolina busy through summer