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February 2014 Archives

South Carolina gains more real estate offices

When it comes to your local area in South Carolina, it's always good to know what's happening when real estate is involved. You may be pleased to know that your options for real estate agents are growing, according to this news. A real estate firm that specializes in commercial property like golf course communities and residential properties revealed that it would be opening a location in Charleston. The Feb. 24 report states that the Palm Beach-based firm is branching out to the area, and this will be its first location in South Carolina.

Foreclosures high in South Carolina

If you've been facing foreclosure in South Carolina, you aren't alone in your financial challenges. According to the news from Feb. 13, foreclosures have been reported as having been 33 percent higher in January after nine months of declining foreclosure numbers. This could be due to a number of factors, like shadow inventories, but it's worrying because it's happening around the U.S.

Inland American to expand commercial property in joint venture

If you're living in South Carolina, you might be interested to know that Inland American Real Estate Trust is planning on opening a hotel in the area. According to the news from Jan. 27, the commercial property in South Carolina, as well as a second in Alabama, will have a combined investment value of $68.5 million. This is a joint venture, according to the news, as Kessler Enterprises is the second partner.

South Carolina sees drop in foreclosure rates

According to the reporting service RealtyTrac, which tracks real estate statistics in the United States, South Carolina has seen a reduction in foreclosures of almost 20 percent since 2012. However, the state also moved from ninth in the country for foreclosures to eighth.

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