Oct
08

Charleston, SC Named 15th Healthiest Housing Market

By
– BuilderOnline.com

The recession settled into Charleston this year, as unemployment nearly doubled to 11%. This happened even as the attractive port city continued to add population at a 2% annual rate. Home prices, which held pretty steady in 2008, took a tumble this year, falling 10.9% during the first nine months of 2009. At $180,000, the median price of an existing home is now below 2004 levels. Rising joblessness has led to a 33% decline in permit activity through June of this year. Even so, the city’s long-term prospects have to be considered good. Two of the four biggest employers here are military bases, and the health sector accounts for the other two.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.builderonline.com/local-markets/healthiest-housing-markets-2009-fall-update.aspx?page=4
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