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Realtor Mike Carrigan
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Charleston SC Front-Runner in the Housing Market Recovery

Greenville News - The Charleston, Myrtle Beach and Greenville metropolitan areas are expected to be among the nation's " front-runners " in the housing recovery this year, according to a trade magazine report.

Builders magazine's online version ranked Charleston 5th, Myrtle Beach 15th and Greenville 19th in its listing of top 20 healthiest markets in the nation. The rankings were based on building permits, resale values and job and income growth from 2009 data and 2010 projections. 

Mark Nix, executive officer of the Home Builders of South Carolina, said getting people happy and thriving is tied to jobs, quality of life and affordable housing. Charleston has done a good job at bringing jobs to the market. For example the new Boeing 787 plant in North Charleston.   

Charleston Builders Downsizing The Dream Home

Many local, regional, and national builders are wondering whether new homes require 4,800 square feet of living space. Or media rooms and theaters with 100+ inch screens or six bathrooms. I'm now living in a custom home on Daniel Island that is just over 2,300 square feet with four bathrooms. My next house will be more like 2,600 square feet with three bathrooms. 

With the American hosuing market decline and new home purchase loans at a nine-year low new buyers want smaller and simpler new homes. The smaller designed homes also mean less energy spent, less water usage, and lower maintenance cost overall. The ego-driven markets of having a two story foyer when you enter the home are gone! Many builders see a more conservative approach to their newhome designs. There's no formal living room or grand staircase. Today's buyers want open floor plans with the kitchen, family room, and breakfast area all in one open-space.   





Mike Carrigan
JSP Realty, LLC
C. 843-364-3286
F. 843-278-9169
mcarrigan@jsprealty.com

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