Think the “housing crisis” is all doom and gloom for everyone? Apparently not for some, according to an article from CNN/Money. Just a few years ago, clients moving to South Carolina from those six markets mentioned in the article couldn’t believe the low prices and slow appreciation rate in the Columbia, South Carolina marketplace. However, those who moved away from those areas now can REALLY appreciate the slow but steady growth we consistently have here in the Midlands.

I guess Newton’s third law of motion (a/k/a physics) can be applied to real estate: For every action, there is an opposite and equal reaction. For each wild appreciation (boom) in the market, there must be an equal downturn (bust).

I think I’ll continue to enjoy our moderate 3-5% yearly appreciation we have here, thank you. I just don’t have the stomach to handle what those living in places such as Detroit, Miami or Phoenix are experiencing right now.

Click here for the article.

Your “No Bull” Realtor,

Kathy Smith
Russell & Jeffcoat Realtors, Inc.
(888) 808-4Moo ext. 0
(803) 781-5729
http://www.kathy.smith.net/