Goose Creek Realtor Drew Sineath Attends Market Update

Goose Creek Realtor Drew Sineath Attends Market Update

February 3rd, 2011

Goose Creek Realtor, Drew Sineath owner and broker-in-charge for Drew Sineath and Associates, attended a residential real estate market update for the Greater Charleston area on Tuesday at the Daniel Island Club. With over 500 REALTORS® in attendance it was a packed house. Everyone anxious to hear the news and predictions for the upcoming years.

There was good news to be shared by keynote speaker economist, Dr. Joey Von Nessen. Below is a link to his presentation. The economist explained that 2009 seemed to be the bottom of the recession for the housing market and much like 2010, 2011 will be another transition year. With an optimistic view of the recovering and job growth, he predicted the recovery to be as earlier as 2012 but as late as 2016 with a not so optimistic view.

Dr. Von Nessen also conducted that there are two distinct housing markets in the Charleston area; the luxury second homes market and the first time home buyers or move up buyers market. The ladder of the two has seen a faster recovery much in part the to tax credits. It will be interesting to see his findings with a full year of data without the tax credits stimulating the growth.

Bottom line.... house prices are going up, number of homes are going down, and interest rates are going up. It is still a great time to buy but if you are waiting for prices to drop even more, you may have missed the boat. For more information about the market update, email drew@drewsineath.com or call at 843-725-1200.

And remember you can also register for Market Snapshot for a full real time report with a market update for the community or area of choice.

Click here to download Dr. Von Nessen's presentation.
Click here for the 2010 CTAR Market Report.
Click here to watch the Charleston Market Update video shown at the event.
Click here to view photos from the event.
Click here to read the Charleston Business Journal's coverage of the event.

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Drew Sineath - A Familiar Face...And a Rich Lowcountry Heritage Drew Sineath & Associates, Inc., is located in the heart of Goose Creek where Drew grew up and where he has chosen to rear his own family. Berkeley County is one of the fastest growing areas in SouthCarolina and Drew is pleased to be able to serve his clients in helping with all their real estate and mortgage needs. So when you have any real estate needs, whether you're looking to buy, sell, finance or refinance, Drew Sineath& Associates is now a local one-stop location.