New Affordable Housing in Berea There are now 180 brand-new, reasonably priced apartments in the Berea neighborhood of Greenville, SC, giving low-income families the chance to find a place to live. The new affordable apartment complex is located on Sulphur Springs Road which will be opening to new tenants earlyRead More
Federal Reserve Chairman Jerome Powell cautioned that interest rates are likely to head higher than central bank policymakers had expected. In his remarks prepared for two appearances on Capitol Hill, Federal Reserve Chairman Jerome Powell made comments about the interest rate saying that interest rates are likely to go higherRead More
Mortgage rates have fallen to 5.99%, the lowest in five months According to the most recent Mortgage News Daily data, the average rate on a 30-year fixed-rate mortgage has dropped to 5.99%. This is the first time the rate has reached a “five handle” value since September. The rate beganRead More
The Greenville County Council passed a new policy at its meeting last Tuesday, October 18th that would allow developers to claim a tax credit if their development projects include affordable housing units. The policy, albeit met with pushback from some residents and a couple of council members, passed 9-3. ItRead More
The Bridge at Green Street, run by First Baptist Church Spartanburg, is constructing The Bridgeway Village, a community of 18 tiny homes designed exclusively for single women facing homelessness. “Our goal is that we have women in houses by the end of 2022,” said Director of Women and Children DeandraRead More
For the first time since December 2019, mortgage rates have risen above 4 percent. The average rate on a 30-year mortgage is 4.01%, according to Bankrate.com. This is the highest mortgage rates have reached since the early days of the pandemic. If you are in the market looking to buyRead More
The 30-year fixed mortgage rate is now at the highest level since April 2020. If you are in the market for a new home and have not locked in your mortgage rate, that home just got more expensive. According to Mortgage News Daily, the average rate on a 30-year mortgageRead More
One of the fastest-growing cities in the Carolinas made the top 10 on Realtor.com’s list of the hottest markets for the coming year. On Realtor.com’s list of the Top Housing Markets for 2022, Greenville comes in at no. 7. Based on levels of competition for properties, prices, and sales growthRead More
The South Carolina State Housing Finance and Development Authority has launched a new program to support South Carolina residents whose finances have been affected by the COVID-19 pandemic. The 25 million SC Stay rental and mortgage assistance program was launched on Thursday to provide first-come, first-serve financial assistance to makeRead More
With mortgage rates falling below 3 percent for the first time in a half-century last week, thanks to Federal Reserve Policy, more first time home buyers and homeowners are likely to take advantage of the low-interest rates. The average rate on 30-year fixed mortgages has fallen below 3 percent forRead More