America, you are terrific! Home Prices Rise! It really is time to think about a purchase in real estate!

Posted By Georgia Bell @ Sep 18th 2009 2:01pm In: General

2909649 - Residential
Charleston, SC

Please take a look at this beautiful home.Hardwood floors throughout with exception of the bathrooms which are tile. Whether you are looking for a primary home or a great investment, this is it! 4 full bedrooms, 3 and one half baths. The powder room is downstairs. The kitchen is truly a gourmet's delight with a gas cooktop and grill, built in microwave, wine cooler, refrigerator in the wet bar, an island in the kitchen. The wide plank pine floors are antique. There is even a little courtyard to enjoy between the kitchen and dining room. AND Please note - there is an all NEW HVAC compressor!! Seller's just had it put in! LOW maintenance is the description for this home - one off street parking space,views of St. Michael's CHurch steeple, walking distance to everything downtown and on one of the very nicest and most historic streets in Charleston ...Live South of Broad for this price and live in history without the upkeep... Please note, this is tenant occupied.

Amid all of the bad news - here is a bright spot!

Today's Wall Street Journal noted that household wealth in American households has advanced by 3.9%

No instant millionaires, but listen to this "For the first time in nearly two years, American households grew a little wealthier in the second quarter..."  Sure, we still have a way to go ... but Americans are once again, rising to the challenge!

"Advances in stocks and home prices drove the gain, the Federal Reserve said in a report Thursday,. In response to the recession, families also saved more and borrowed less, shedding some of the debt owed on their homes and their credit cards"

"Home prices also started rising for the first time since 2006. The Fed said the value of real estate holdings rose 1.8% during the second quarter. Prices are now edging higher in most regions of the US, a trend that - along with continuing gains in stocks - points to higher household wealth in the third quarter"

"Americans cut their borrowing and spending to help pay down debt"

I raise my glass to my country. Americans have always been know to "rise to the occasion" and to beat all odds. We will do it again...

Share on Social Media:

Comments (0)

Comments have been closed for this post.
Please contact us if you have any questions or comments.
Schedule a listing appointment Schedule Now