Tuesday, March 30, 2010

CNN Money 2010 Projections

This article from CNN Money is forecasting a 1.9% value increase for Charleston real estate:
http://money.cnn.com/magazines/moneymag/moneymag_realestate/2010/states/SC.html
This is actually the only increase they are predicting statewide. I do think we'll see values begin to recover beginning in the summer months especially in the lower end - under $200,000. High value properties (over $1 Million) will continue to struggle in maintaining their values this year and have a little more downward adjustments to make in my opinion before values stabilize.

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