Fall 2009
Declining Inventory Sign of Stabilizing Market
The reduction in inventory is a primary reason for the stabilization we’re now seeing in the housing market. Current sales and inventories suggest that supply will decline below the pre-2006 levels by the end of 2009. But analysts warn of “shadow inventory,” or, foreclosed homes that banks are temporarily holding off the markets.
http://www.realtor.org/RMODaily.nsf/pages/News2009110603?OpenDocument
Red Ventures to Create 1,000 New Jobs in Lancaster County
COLUMBIA, SC - October 7, 2009 - The South Carolina Department of Commerce and Lancaster County Economic Development Corporation today announced that Red Ventures, an internet marketing and sales company, will expand its operations and locate its headquarters in the Indian Land community in Lancaster County.
Housing Reforms Get Mix of Good, Bad Reviews
No doubt the housing industry nationwide has seen better days. Even as the real estate industry tackles a slump, new regulations, rules and laws passed by federal and state authorities are constantly being enacted. Follow the link below for some of the major changes affecting the housing market and the industry’s subsequent reaction to them. http://www.ncrealtors.org/news_display.cfm?nid=1069
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