CB Caine shares local real estate predictions for 2021 | Image provided
Is buying a new home – or selling your current home – on your radar in the near future? If so, 2021 is the year to make moves. With help from the team of experts at CB Caine, we looked into a crystal ball to give you the forecast for what the home real estate scene will look like in 2021.
Fast facts: 📈 Home prices are going up, though at a slower pace than what we saw last year. The National Association of Realtors (NAR) predicts nationally the annual median price of a home will increase by 8% this year. ⤵️ Interest rates are staying low. Economists predict theaverage annual 30-year fixed mortgage rate will hover around 3.0% in 2021. 🏡 The demand for home-buyingis staying high. It’s expected to be particularly strong this spring + summer, and to slow down in the colder months. 🏗️ As resale inventory remains slim, many buyers are looking toward new construction homes, a booming segment of Greenville’s real estate market that offers a wide range of price points, products + locations.
So, what does this mean for you? If you’re looking to buy a home this year, low mortgage rates will help balance out the rise in home prices. Those looking to sell their home in 2021will want to keep an eye on the rising home prices, and take advantage of the spike in buyer demand. If you’re thinking of making a move this year, aCB Caine agent would be more than happy to talk through your options with you.
The ongoing pandemic changed a lot about what home buyers are looking for – and where they’re going. Learn more about the new trends shaping the real estate scene below. Ⓟ
State ○Gov. Henry McMaster has announced the Fiscal Year 2021-2022 Executive Budget. The new budget also includes $19 million slated for downtown Greenville’s conference center. To see the detailed budget, click the link here. (Greenville News)
Development ○Speaking of the $1 billion County Square project…work has officially begun. Construction has started on County Square Tower. Click here to read more + see renderings. (The Post and Courier Greenville)
Edu ○Starting today, parents can now sign their 4-year-olds up for Greenville County Schools 4k Program. Parents can apply onlinehere. Applications will be accepted Jan. 11-March 10.
Coronavirus ○SCDHEC has announced on Friday that SC hospitals should begin vaccinating their admitted patients who are 65+ and do not have COVID-19 and their provider feels it’s indicated for them. ○ It is now estimated that 1 in 1,000 South Carolinians have died of COVID-19. As of Friday afternoon, Greenville County had more COVID-19 deaths than anywhere else in the state. You can read more here. (Greenville News) ○Over the weekend, Prisma Health began restricting patient visitation throughout their system. You can read more here. (WSPA) ○ VisitSCDHEC’s website for full coronavirus data + stats, andhere for daily positive COVID-19 cases + related deaths in South Carolina.
Biz ○ Belladina’s Pizzeria is mixing new-age art with classic Italian recipes – and they want you to be a part of it. Their latest mashup is an old school meet-the-neighbors with a tech-enabled investing platform. Learn more here. 🍕Ⓟ
DealOfTheDay ○ Education costs weighing you down?P.E.O. is offering loans of up to $20,000 at 2% for women’s post-high school education. See this and other optionshere. Ⓟ
Correction ○ Yesterday, we told y’all about “The Staytion”– a new hospitality venue and event center coming to TR. We said that the development was looking to annex and rezone 5,435 acres. The actual tract of land is 5.435 acres. Your GVLtoday team’s first big lesson of 2021 – the power of a period.
Click the button below for local resources regarding the coronavirus.
The number of recorded human trafficking victims in South Carolina increased by 360% in 2019. Today,Junior League of Greenville is asking for your support to raise awareness about Human Trafficking in Greenville by wearing blue. Share your support on social media by posting a photo and using the hashtag #WearBlueDay.
Another local business you can support this month is Jasmine Kitchen, which offers “women who are trapped in a cycle of sexual exploitation and addiction a path to freedom + a haven for healing” by supplying them with jobs, entrepreneurship skills, and a safe environment. (The State)
#DYK that your photo could be featured in our newsletter? Just use #GVLtoday on social media.
PlanAhead ○ Let’s Talk Influencer Marketing | Wed., Jan. 13 | 11 a.m.-12 p.m. | Virtual | Free, Register | Presented by Infinity Marketing, this webinar focuses on the benefits of influencer marketing and how to identify potential influencers for your brand. Speakers include Shannon Kohn, Social Media Strategist, and Kendall Nicholson, Senior Media Specialist.Ⓟ
Disclaimer: It is up to readers’ discretion to determine whether they feel comfortable participating in any mentioned events based on COVID-19 protocols and precautions. If you have questions, please contact the event’s organizers directly.
Share GVLtoday with your friends, family + colleagues to earn exclusive Greenville swag.
Click the button below to get your personal referral link and start sharing GVLtoday with your friends.