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Pandemic-driven eviction concerns worry tenants, landlords
Several statewide agencies are working to help both tenants and landlords after the expiration of a pandemic-related eviction moratorium. Officials are seeing ongoing health and financial concerns as people try to pay their bills.
S.C. real estate market cools slightly in September
Statewide, 9,323 homes sold throughout the month, with the Greater Columbia area seeing an 11% increase in home sales, according to the most recent South Carolina Realtors market reports.
New apartment complex expected to add more than 500 residents to BullStreet
Work has begun on Bennet at BullStreet, a 280,000-square-foot community with 269 luxury apartments ranging from studio to three-bedroom units. Charlotte-based Proffitt Dixon Partners is the developer of the new complex.
Historic Main Street property converted to apartment complex
Cason Development Group and Cohn Corp. are expected to start work in August on restoring and renovating 1813 Main St. for 28-30 market-rate apartments.
Federal court sentences 3 South Carolinians for bank fraud
Three South Carolinians have been sentenced by a federal judge after pleading guilty to bank fraud charges in schemes the government alleges defrauded federal programs intended to aid homeowners at risk of foreclosure.
Residential real estate demand felt in multifamily market
With single-family houses in high demand, the multifamily market is experiencing high leasing velocity, occupancy and absorption. Developers such as The Beach Co., with projects throughout S.C. and the Southeast, are feeling the effects.
Buyer beware: Research, caution urged amid soaring housing market
With residential real estate demand soaring to all-time highs, experts urge consumers to take steps to avoid being fleeced by opportunistic scammers. Would-be home buyers and sellers are urged to research any transactions .
Combination of factors fueling residential real estate frenzy
Record-low inventory and low interest rates are driving demand for residential real estate to unprecedented heights. Industry insiders report buyers purchasing homes sight unseen and for thousands above asking price.
Ground broken on 17-story student housing tower
The Standard at Columbia, located at the corner of Assembly and Washington streets, will feature 678 beds in 247 fully furnished units. Preleasing will begin this fall, with the project slated to completed in fall 2023.
New development to bring 566 homes to Blythewood
Arabella Spring will feature detached, single-family homes priced from $200,000 to $300,000. Atlanta-based developer St. Bourke is spearheading the 220-acre project.
Columbia property management company acquired by CAHEC
The acquisition of Boyd Management Inc. by Raleigh, N.C.-based CAHEC creates CAHEC Management. Boyd Management oversees the operation of more than 325 residential properties throughout the Southeast.
New housing program offers incentives in rural counties
Participants in SC Housing's County First initiative may qualify for a low interest rate loan and $8,000 in forgivable down payment assistance. Mortgage loans are for 30 years, and the program may not be used for refinancing.
