Charleston Real Estate Market

Feb 28th 2010

Posted By: Frank Natale @ 8:19am In: Charleston Real Estate Market

Below is the information as reported in Builder Magazine:

Charleston-North Charleston-Summerville, SC

2009 Total Building Permits: 2,916

2010 Building Permit Forecast: 3,065

The city of Charleston is currently the fastest growing city in South Carolina. Its 2% annual population growth over the last five years ranks very high among the 100 largest housing markets. Underlying demographic strength helped the city escape some of the pain felt in other top housing markets. Home prices are expected to climb in 2010 as the region begins to add jobs. Two of the four biggest employers here are military bases, and the health sector accounts for the other two. Recovery appeared to begin in the fourth quarter of last year, when builders pulled 641 building permits, a 27% increase over the previous year.

Yeah Charleston! Donna and Frank Natale

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