The real story regarding the upstate and the current real estate market.
on Wednesday, June 24th, 2009 at 3:18 pm by kristabThe national media has used the concept of “the bottom” like they use in the stock market with the Real Estate market. You can not take the economic concepts of the stock market and apply it to the Real Estate market because all Real Estate is local and there is not a local stock market. So when we start talking about a national housing market hitting bottom it refers to different areas of the nation. If you live in LasVegas or certain parts of Southern California, yes, there is a bottom to that market. Not only of transactions falling but they have drug prices down 30-50% in some locations. That’s not York, Chester or Lancaster county, South Carolina! We’ve had consistent prices, actually increasing prices in several areas of the county. When you look at the total number of transactions, while they have fallen off, they are still at a pace that is a good steady Real Estate market.
