| Media outlets across the country have been | | | | Compared to last year, the average price of |
| reporting on the slowdown of the national | | | | sold properties is up by 2% over last year, |
| real estate market. In the same breath they | | | | when the real estate explosion was at its |
| mention the downturn of the economy, and the | | | | peak. Also, there continues to be a boom in |
| relationship between the two. The word | | | | terms of inventory on the market. There are |
| "recession" is tossed around, even though we | | | | over 1500 new homes on the market that have |
| are not currently in one. This creates fear | | | | never been lived in, and around 4,000 |
| on a national level. People are afraid that | | | | existing homes on the market as well. Buyers |
| the economy is going to continue to slide, | | | | have a great deal of choice in the Greenville |
| and see this as a dangerous time to buy or | | | | area, and prices are reasonable. |
| sell property. The result is that people are | | | | |
| afraid to enter the real estate market. The | | | | For sellers, it is still a good time to sell |
| industry then comes to a grinding halt. The | | | | your home. The average number of days that a |
| economy is affected as a result, and all the | | | | home is on the market is comparable to last |
| media's doomsday predictions come true. It | | | | year's numbers. While there has been a slight |
| becomes a self-fulfilling prophecy. | | | | decrease in the number of home sales, the |
| | | | market is still moving ahead at a stable |
| It is important to keep in mind that | | | | pace. |
| newsmakers are just that: news makers. They | | | | |
| need a story that will grab the nation's | | | | Certainly Greenville is fairing much better |
| attention. Ever since the start of the recent | | | | than the national market. Homes are selling |
| housing boom, the media has been waiting for | | | | at a consistent rate, and hundreds of new |
| any sign of a slowing market. They have now | | | | homes are continuing to enter the market, |
| jumped on it. While it is true that some | | | | making this a great place for buyers and |
| areas of the country are seeing a distinct | | | | sellers alike. |
| slowdown of the market, others are continuing | | | | |
| to be stable. Greenville South Carolina is | | | | Don't let the headlines scare you, this is a |
| just such a place. | | | | great time to invest in Greenville real |
| | | | estate. |