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 Single-family home prices in South Carolina fell 3.12% in the past 12 months but gained 0.39% in the first quarter of 2009, according to a report released today by the Federal Housing Finance Agency.

The housing price index report ranked South Carolina 20th in home appreciation for the past year, based on sales of certain existing single-family homes.

Nationally, home prices declined 7.14% in the past 12 months and 0.55% in the first quarter of 2009. The quarterly decline was much smaller than the 3.3% price decline reported for the nation’s homes in the fourth quarter of 2008.

In South Carolina, home prices fell 3.5% in the fourth quarter of 2008, according to the previous housing price index report.

Homes in the Midlands and Upstate metro areas…

there has to be an influx of foreign investment in the U.S. Real Estate market.  While I do not have numbers to back up, this type of property would be high end vacation homes, near water or rec areas of course.  Has this been seen in certain areas of the country mroe than others?  My first guess would be that the Southeast would benefit the most (due to it's weather and proximity to Europe) and out West the least.  Does anyone have any data to support or disprove this?  Or know a good source of reginal real estate research?

Thanks,

mw

http://www.searchsouthernhomes.com