Is South Carolina Housing Affordable?

As South Carolina home prices continue to rise due to a lack of inventory, many people are becoming more concerned about housing affordability. Many are saying that homes are not as affordable as they were in the past.

Let’s take a look at THE AFFORDABILITY INDEX, the higher the number, the more affordable it is

Homes were more affordable from 2009-2015

  Simple because that is when distressed properties dominated the market

Without that anomaly, Housing is more affordable now then it has been since 1990

Taking a look at NAR’s Housing Affordability Index puts that concern to rest.

Let’s get together to go over your specific market and determine whether or not you are ready to buy today!