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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.
Pandemic not slowing residential real estate market
Local agents say a combination of low interest rates and a lack of inventory have houses receiving multiple offers and moving fast. The pandemic has, however, changed some details about how the process works.
Mixed-use development moving ahead in Forest Acres
A development featuring 11 town houses and two commercial buildings is planned for the corner of Forest and Brentwood drives. Cason Development Group, which presented plans for the area in March 2018, is the project developer.
Affordable housing presents a challenge for many in S.C.
A recent report found the Columbia metropolitan area ranks as the fifth most expensive in the state related to housing wage, with an average hourly wage of $17.90 needed to afford a two-bedroom residence.
Expiring moratorium could complicate pandemic picture for renters
A federal moratorium on evictions expires this month, as do expanded federal unemployment benefits. That could leave some tenants facing an uncertain future.
Irmo ranks as S.C.’s most affordable location in new study
SmartAsset measured factors including home costs and taxes relative to local median income in areas with a population of 5,000 or more. Irmo, where closing costs averaged $2,555 and homeowner's insurance $969, topped S.C. locations.
Report: S.C. real estate market strong in 2019, may slow in 2020
The Annual Report of the South Carolina Housing Market compiled by South Carolina Realtors found closed sales increased 4 % in 2019, while new listings increased 4% for the year. Overall median sale price rose 7.5%.
Essex Homes acquired by Stanley Martin Homes
Essex Homes, based in Columbia, was founded in 1985. Stanley Martin Communities, founded in 1966, has developments in Washington, D.C., Raleigh, Charleston and Atlanta.
Columbia ranked among Realtor.com top markets for 2020
Economic analysts with Realtor.com say local economic growth and affordability are driving factors in the top 5 ranking for the Columbia real estate market.
Assisted living facility opens in Northeast Columbia
Watercrest Columbia Assisted Living and Memory Care, a 107-unit, resort-style community, is located at 1951 Clemson Road. It includes a multisensory outdoor streetscape designed to facilitate memory care.
New student housing complex coming to Huger Street
The Nine at Columbia, a 126-unit, 486-bed complex, will be located at 1400 Huger St. The complex, a collaboration between a Florida-based contractor and developer, is scheduled to be completed by summer 2021.
Northeast apartment community sold to Boston real estate firm
Arcadia's Edge, a 204-unit, green-certified apartment complex on North Trenholm Road, was purchased by West Shore LLC in a transaction facilitated by Cushman & Wakefield.
