Lydia's Blog: Real Estate News

Hello fellow webmasters and Realtors!  I just published an article on my blog that I have been working on (well off & on) for a couple of weeks now.  Like many of us, I have been very frustrated with doom and gloomers talking about the slump in the real estate market.  I am of the opinion that this is a regional or even local phenomenon. 

We can always draw generalities at the national level: however this can be misleading at best and downright wrong at worst.

At any rate, we here in the two-state area of Georgia and South Carolina, in the metro Augusta region, have not seen much of a downturn in the market.  I've written a very detailed post about it here:  Popping the Bubble: Disproving the 'National' Real Estate Collapse.

I hope you'll take a… Read Full Post

Wow, check out this article that appeared in the Augusta Chronicle today!!

It seems the rest of the country is getting hip to something Augustans have known for years.

Bizjournals, the online division of American City Business Journals, named Augusta the nation's most affordable metro housing market after analyzing income and housing costs for 95 metro areas with populations of 500,000 or more.

Housing costs in the Augusta-Richmond County metro area, which includes Richmond, Columbia, Burke, McDuffie, Aiken and Edgefield counties, consume only 17.4 percent of monthly income, compared with 27 percent nationally, according to a March 5 Bizjournals article on the study.

"Compared to the rest of the world, (Augusta) is exceedingly cheap," said Ryan…

According to CNN, 65 of the nation's 299 biggest real estate markets are severely overpriced and subject to possible price corrections.

The Augusta Georgia real estate market is NOT one of them.

The good news is the Augusta area comes in at -2%.  That means that homes in this area are selling at slightly less than the 'real' market value.  While that is not good news for home sellers, it does indicate that the market is not vulnerable to the real estate bubble burst the mainstream media pundits like to rant about.  Anything but! The local market is slightly tilted to buyers and investors.

You can read the full article here.  It has a list of the biggest markets in the US and how they are performing.

Are you curious where the most hyper-inflated… Read Full Post