| Media outlets across the country have been | | | | place. |
| reporting on the slowdown of the national real | | | | Compared to last year, the average price of sold |
| estate market. In the same breath they mention | | | | properties is up by 2% over last year, when the |
| the downturn of the economy, and the | | | | real estate explosion was at its peak. Also, there |
| relationship between the two. The word | | | | continues to be a boom in terms of inventory on |
| "recession" is tossed around, even though we are | | | | the market. There are over 1500 new homes on |
| not currently in one. This creates fear on a | | | | the market that have never been lived in, and |
| national level. People are afraid that the economy | | | | around 4,000 existing homes on the market as |
| is going to continue to slide, and see this as a | | | | well. Buyers have a great deal of choice in the |
| dangerous time to buy or sell property. The result | | | | Greenville area, and prices are reasonable. |
| is that people are afraid to enter the real estate | | | | For sellers, it is still a good time to sell your home. |
| market. The industry then comes to a grinding | | | | The average number of days that a home is on |
| halt. The economy is affected as a result, and all | | | | the market is comparable to last year's numbers. |
| the media's doomsday predictions come true. It | | | | While there has been a slight decrease in the |
| becomes a self-fulfilling prophecy. | | | | number of home sales, the market is still moving |
| It is important to keep in mind that newsmakers | | | | ahead at a stable pace. |
| are just that: news makers. They need a story | | | | Certainly Greenville is fairing much better than the |
| that will grab the nation's attention. Ever since the | | | | national market. Homes are selling at a consistent |
| start of the recent housing boom, the media has | | | | rate, and hundreds of new homes are continuing |
| been waiting for any sign of a slowing market. | | | | to enter the market, making this a great place |
| They have now jumped on it. While it is true that | | | | for buyers and sellers alike. |
| some areas of the country are seeing a distinct | | | | Don't let the headlines scare you, this is a great |
| slowdown of the market, others are continuing to | | | | time to invest in Greenville real estate. |
| be stable. Greenville South Carolina is just such a | | | | |