Avsnitt
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Election years always have a weird impact on real estate, and that's never been more true than this year. Not only are the Presidential elections impacting real estate (a well-known phenomenon that happens every four years), but in Greenville, more than ever, state and local races are proving to be hugely influential in things like development, infrastructure, etc. Long story short, we are entering a new era of Greenville and Spartanburg voters backing politicians who are more focused on conservative virtue signaling than on improving our state and county. It's not all doom and gloom - much of what is going to happen the next few years is already set in motion, and Greenville County and the SC as a whole will continue to remain great places to live - but don't expect elected officials in the upcoming years to have effective solutions for fixing infrastructure issues, improving housing affordability, etc. any time soon, particularly if the "penny sales tax" doesn't get a majority vote in November.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
As we look at the Greater Greenville Association of REALTORS market stats, a theme emerges: supply is increasing faster than demand, resulting in a softening market. Does that mean it's a buyers market? Not yet, but we may be closer than people realize to it *feeling* like a buyers market, even with prices as high as they remain.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
Saknas det avsnitt?
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Solar panels are one of the most controversial topics in real estate in SC, with some believing homeowners have a moral responsibility to use solar to help with climate change, while others on the opposite side of the spectrum believe that solar panels are nothing more than an expensive scam. Well, I finally had a chance to purchase and sell a home with solar panels, and it was a big learning experience. If you've ever wondered what buying, owning, and or selling a home with solar is like, this is the episode for you!
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
Should I hold, or should I sell? That's a question investors ask themselves daily, but people who own real estate, even if they aren't "real estate investors," should also be thinking about this. There are a lot of changes coming - potential declining populations, rising insurance costs, decreasing supply for homes with acreage, etc. - that will almost certainly impact the value of real estate in the future. So let's discuss 10 types of properties and whether they are hold or sell candidates.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
For the first time since Selling Greenville was inaugurated, Stan has solicited listener questions for a massive mailbag episode. Tune in to learn about what headwinds are in the Greenville market, when it makes sense to rent or buy, what differentiates Greenville from the rest of the US in terms of our real estate market, and even whether a hot dog is a sandwich!
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
We finally have the April market stats for the Greater Greenville area, and several things stand out. Most significantly, even though we are finally seeing things like active inventory normalize to pre-pandemic levels, many numbers, such as days on market, median sales price, etc. still point to Greenville being a seller's market. So why does it feel to many like a buyer's market? In this week's episode, Stan and Joel Mangin discuss these stats and why perception and reality don't always agree when it comes to the state of the real estate market.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
For the first time in 5 years, we're seeing foreclosures, short sales, and cheap (potential) flips coming online in Greenville, SC. Oh and questionably low appraisals are back too! Are we in or entering a buyers' market? And how will rates coming down, realtor compensation changes, etc. impact the state of the market? Let's talk about where things stand in the Greenville RE market and why it feels a lot different now than it has for nearly half a decade.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
It's election season, and real estate is top of mind for those running for office in Washington, DC, in SC, and in Greenville. I've spoken to legislators, politicians, and people running for office at all levels of government, and it's time to crack open the notebook and spill all my secrets on what is happening behind closed doors, and what it means for real estate, and our local elections.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
One of the things that scares people the most when buying a home is the possibility of it having structural issues. The reality is that most issues we deem "structural" are relatively easy and inexpensive to fix, but it's still helpful to be able to identify structural issues and diagnose their severity as much as possible prior to getting a home under contract (or prior to listing a home, if you're selling one). It's something I am very conscientious of when walking through a home, so let's discuss 10 signs that a home may have structural issues and what they could mean for that home.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
Very seldom do we see a real estate market driven by retirees, but that's exactly what we see now with Boomers having a much larger portion of real estate market share than normal. Meanwhile Gen X has been almost left behind and Millennials are still trying to find their way in a historically unaffordable market. What is the cause of these seemingly upside down demographics, and what other factors impact home buying and selling in this market? Let's look at some fascinating data the National Association of REALTORS® produced recently for answers.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
Looking at the final data we have for Greenville in Q1 2023, the market is finally starting to see some stability. Some of the data shows potential market softening, but much of it is indicative of strong demand still pushing up prices, pendings, and closings while driving down days of market and affordability. The question now is will mortgage rates go up, down, or stay roughly the same throughout the remainder of the year? That will ultimately determine whether we see demand continue to strengthen or to succombe to some of the softer patterns in the data.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
In this episode, we delve into the dynamic Greenville real estate market, now grappling with the impact of rising mortgage rates. We'll explore the significant price adjustments sellers are making—how often are prices being dropped, and by what average amount? What implications do these changes hold for both buyers and sellers? Join us as we unpack the latest trends and forecasts, providing you with the insights needed to navigate this evolving landscape.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
There are a lot of misconceptions about the Section 8 rental program in Greenville, but I heard one recently that I had never heard before, and that's that it was an "unpredictable" program. Not only is this not true, but the Section 8 program in Greenville is substantially *more* predictable than the private rental market as a whole. The end result of this is that when market rents sometimes come down as a result of various market forces, Section 8 rentals can actually be a great rent deflation hedge for landlords/landladies.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
Doomers are constantly talking about "the real estate bubble bursting," but the reality is that the dynamic we saw in 2007-08 of the entire US housing market crashing at one time is unusual and not likely to repeat itself any time soon. What we do see, however (and particularly since COVID), is localized markets forming bubbles that inevitably burst. In fact, we are experiencing this currently in one very specific part of the Upstate of SC: Laurens County, which has seen substantial price declines since the 2022 price peak. So how do we identify markets that could be in a bubble vs. ones that have sustainable demand likely to continue indefinitely? Let's look at the indicators that help determine sustainable growth vs. that of a soon-to-be bursting bubble.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
As we look at the most recent market stats for the greater Greenville area, some weird data trends begin to appear. Listings are up but pendings are down. Pendings are down, but closings are up. Prices are still high and increasing but not everywhere. Closings in the sub $500,000 price point are decreasing whereas above that price point are increasing. What is the cause of all these odd blips in the data? Let's talk about it, with a focus more on the big picture of what's happening in today's market.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
On March 15 the National Association of REALTORS® announced a proposed realtor compensation settlement for the Sitzer/Burnett case, and the national media immediately put out a ton of clickbait headlines about the sudden "end of the 6% commission." As with most things, the media got this one wrong, but there is MUCH to talk about with regard to this settlement. Buyer agents are going to have to work with their clients in very different ways moving forward, and we may be entering into a completely new world of real estate with multiple tiers of realtors. And sellers, while they may have more negotiating power in the wake of this settlement, may need to think twice before taking a scarcity mindset towards buyer agents. There is a whole lot more to discuss here, so let's dig into the details of this settlement and what it might mean for the future of real estate!
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
During his State of the Union address on March 7, 2024, President Biden outlined multiple proposals for how to make housing more affordable:
-A $400/mo credit for first time homebuyers or people "trading up"
-Title insurance reform to reduce fees
-Measures to stop anti-trust violations and price-fixing among big landlords
-Cutting red tape on federal financing for developers, etc.
Some of these proposals sound good on the surface, but without question, several of them are legitimately dangerous ideas that are likely to cause increased inflation in real estate and an increased risk of a housing recession down the road. So let's discuss the good, bad, and ugly about President Biden's real estate proposals and what they could mean for us in the future.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
"The Greenville real estate market is strong," is what we keep hearing, but making a statement like that is painting with broad strokes. Some parts of the Upstate of SC are getting stronger and some are softening, but which is which? Thankfully, there is a little known report called the Market Conditions Addendum Report that I can run that looks at where the market is trending. And so in this episode, we break down 12 sub-markets to see which areas of the Upstate are getting softer, which are staying stable, and which are seeing increased activity.
All data presented is based on information from the Multiple Listing Service of Greenville, South Carolina, Inc. for the period March 4, 2022 through March 4, 2024.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
There are rumblings in the Greenville investor community about how there are more rental portfolios being sold off than usual, and these rumblings usually come with an innuendo or suggestion that maybe being a landlord in Greenville isn't what it's cracked up to be. So what is actually happening here? Are the rumblings true? Is there a problem with rental real estate in Greenville (or even in SC as a whole)? And what does this mean for those looking to start investing in real estate? Lots to discuss, so let's dig in!
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
As mortgage rates have crept up in recent weeks, buyer activity has slowed down. Seller activity, on the other hand, hasn't, with a record number of new listings in January. The result? Inventory is increasing, giving buyers more options and sellers more competition. But in spite of that, prices remain near all-time highs, with no relief to buyers. Will that change in the near future?
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. - Visa fler