In Greenville, South Carolina, as well as the rest of the Southeast, there is an encouraging upward trend in pending home sales. Local real estate experts believe that “the consumer has determined that there is no upside to continue and wait for the bottom of the housing market.” A combination of shrinking inventory, current low interest rates, and fair pricing provides the perfect opportunity for would-be homeowners. Pending sales for South Carolina rose by 19.7% in January, 2012. The Southeast saw an increase of 7.7%.
Consumer confidence has been boosted by more than just the strengthening housing market. People are beginning to feel more optimistic about their job security. The recent Consumer Confidence Index now stands at 70.8. While a score of 90 indicates a healthy economy, things are much better than the low consumer index of 25.3 seen back in 2009. Everyone certainly has cause to be more optimistic lately, since the Dow Jones closed this week over 13,000 for the first time since 2008. While Wall Street is wondering whether the Dow will backslide or not, we here at Acadia are cheering for 14,000 and up.
In the meantime, our Acadia community is growing with confidence. We have sold 3 luxury townhomes and several custom homesites in the last month. We also have 10 families on the list for customized English Cottage homes and luxury townhomes to be built this year in Acadia. With consumer confidence on the rise, Acadia stands to benefit. New homes, custom lots, new townhomes and English cottage homes are helping attract new neighbors to our Acadia community. Visit Acadia at www.AcadiaSC.com, and discover Life in Balance.
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