June 25th, 2009 10:02 PM by Jodie Ford
Here’s more evidence that the
Major homebuilders state their losses are shrinking compared to last year because buyers are coming back to the Charleston, SC market.
Other encouraging news came from HIS Global Insight, a research firm, which said home prices fell on average at an annual rate of 2.2 percent in the first quarter of 2009. That compares with a 12.5 percent decline in the fourth quarter of 2008.While it’s too early to predict the end of the Charleston housing downturn, this latest data signals that Charleston, SC housing market may finally beginning to stabilize.
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