What Caused the Mortgage Meltdown in South Carolina? The Housing Crisis in Columbia?

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For those of you who have read this blog for a while, you know I think the whole concept of having some sort of meltdown or crisis in the real estate economy is a bunch of “hooey”.  Perhaps I’m a bit spoiled, here in Columbia, South Carolina where the market is basically insulated from any wild swings in property values.  However, for those that are convinced we are in crisis mode, this two-part video is just for you.


Part One:  

Be sure to click “read the rest” to see part two of this fascinating report!

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Preparing Yourself Mentally to Sell Your House

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Kathy Smith realtor preparing your house for sale, Columbia, SCOkay, maybe it isn’t that melodramatic, but you should prepare yourself mentally and sometimes emotionally for selling your home. 

While those of us in South Carolina (especially the Columbia marketplace) aren’t experiencing some of the roller coaster emotions that others in this nation are, it is still a good idea to know what you are about to enter into before putting that “For Sale” sign in the yard.

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Bigger Mortgages from Fannie Mae and Freddie Mac Could be Coming Soon!

Lake Murray, Midlands, Richland, ballentine, bank of america, blythewood, bofa, buyer, buying, chapin, columbia, cow lady, credit, first time, first time buyer, government, home, home owner, house, housing market, irmo, jeffcoat, kathy smith, lexington, mortgage, prices, real estate, realtor, relo, relocation, russell, sc, south carolina No Comments

As the latest stimulus package is winding its way through Congress right now, more details are coming out.  In addtion to taxpayers getting up to $1,200 in checks, there’s also a part of the plan that will temporarily raise the conforming loan limits for Fannie Mae and Freddie Mac.  This package targets major metro areas with high housing costs. 

With a median price of around $140,000, Columbia, South Carolina is nowhere near the ceiling for either program.  However, the programs will allow the new limit to be 125% of the median price range.  No matter how you slice it, this plan is great news for buyers and those of us in the real estate industry.

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FREE Money From the Government! Really!

Lake Murray, Midlands, Richland, ballentine, bank of america, blythewood, bofa, buyer, buying, chapin, columbia, credit, event, first time, first time buyer, government, home, home owner, house, housing market, irmo, jeffcoat, kathy smith, law, lexington, mortgage, real estate, realtor, russell, sc, seller, selling, south carolina No Comments

kathy smith, realtor, free money, stimulus package, housing, house, economy, seller, buyer, buying, selling, real estate, columbia, sc, south carolinaIt is absolutely amazing the stories and headlines that have been in the press lately.  They are screaming about the economy heading into a recession and are finding new and innovative ways to help out ‘the common man’.  Granted, the Columbia, South Carolina  economy is doing very well, thank you…but who am I to turn down free money like this?

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Mortgage Rates Hit a Historic 5.5% Low!

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When the Fed announced they were cutting their rate to  loan money to banks, I knew those of us In South Carolina were about to get a huge gift from good old Uncle Sam.  Shortly after, I started seeing rates of 5.5% for a 30 year, fixed mortgage.   But is this too good to be true?  Could it last?  What could it mean to the larger economic picture? Read the rest…

Breaking Moos! Kathy Smith Recognized for Achievements in 2007

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Here’s a snippet from a press release issued today:

During today’s Russell & Jeffcoat Realtors Awards Breakfast ceremony, Kathy Smith was recognized for her sales achievements in 2007. Read the rest…

THINGS TO DO: Fun, Food and Lake Murray, South Carolina

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south carolina, sc, lake murray, chapin, lexington, irmo, ballentine, real estate, realtor, kathy smith, russell, jeffcoat, midlands, fireworks, show, buy, sell, house, home, housing market, boat, marina, lakefront, waterfront, dockDo you love Lake Murray? Want a way to enjoy the fun of South Carolina’s music and cuisine…all while raising money for a good cause? Well, then, the Taste of Lake Murray is an event for you!

An annual fundraiser for the fireworks spectacular that takes place on the shores of the lake to commemorate Independence Day on July 4th, the Taste of Lake Murray kickstarts the fundraising season.

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THINGS TO DO: Lions and Bears for FREE, Oh MY!

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Riverbanks Zoo & Garden not only serves to protect rare and endangered wildlife and wild places, but also safeguards a number of South Carolina’s significant historical landmarks. Listed on the National Register of Historic Places since 1973, Riverbanks’ 170-acre site has a deep-rooted history dating back to the early 1800s with South Carolina’s textile industry and the Civil War. Today visitors can view structural remains that reveal this rich past from several vantage points within the Zoo & Garden in addition to feeding the Giraffes and interacting with the animals at Riverbanks farm.

And now I’m about to give you a lesser-known secret regarding Riverbanks Zoo.  I know a way you can get in for F-R-E-E.  

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THINGS TO DO: Columbia Inferno Has Gone to the Dogs

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BlazeYes, it’s true.  Columbia’s ECHL Ice Hockey team, the Columbia Inferno have totally gone to the dogs.  Literally. 

On Saturday, December 8th, the Inferno will be hosting the Florida Everblades at the Carolina Coliseum.  Blaze the mascot won’t be the only dog in the house, however. 

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Breed Specific Legislation in Richland County, SC Bans Dogs as Human Companions

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dogAll right, so maybe we won’t be seeing the headline that ALL dogs are banned as a companion in Columbia, South Carolina right away.  However, if the current Breed Specific Legislation that is being worked on currently in Richland County goes through as planned, it could become a reality for some dog owners of specific breeds identified as having “vicious” tendencies.  I was shocked to see in the recent Richland County Council minutes that Councilwoman Valerie Hutchinson is working on such laws as I write this.  As many of you know, I am passionate about animals and especially the rights to have a canine companion.  Read the rest…

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