Sep
21

Buyers Emerge Amid Charleston Land Bust

By
– The Post and Courier

Three times a year, William Lattimore III drives the streets of the roughly 700 unfinished subdivisions in the Charleston area, charting their progress for a real estate research firm.

With the local housing market in a severe slump, the scenery hasn’t changed much in some neighborhoods. The economic health of each community varies, he said, but it’s easy to spot those in financial distress by the overgrown weeds and idle sales centers.

“It’s something you can perceive immediately when you enter the community,” said Lattimore, whose employer, Savannah-based Coastal MarketGraphics, estimates the three-county area now has 16,728 developed residential lots that are served by roads and utilities but haven’t been built upon yet.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.postandcourier.com/news/2009/sep/21/21land/
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