Will there be a drop in house prices in 2022?
It said house prices will have risen 6 per cent by the end of 2022 but that they will fall 5 per cent in 2023 and a further 5 per cent in 2024 as a result of the sudden spike in mortgage rates caused by the government’s fiscal plans.
Are home prices rising in South Carolina?
Housing industry experts say a combination of high demand, rising mortgage rates and low inventory has pushed home sale prices higher in South Carolina all year — far beyond what they were even a year ago.
Is it a good time to buy a house in South Carolina?
It might not be the best time to buy a house in South Carolina right now. Listing prices and mortgage rates in the state are very high, making it difficult to find a good deal.