BofA to reduce mortgage principal to 200,000 underwater homeowners

Share … and in my opinion, it is a drop in the bucket and I wonder how the millions of other homeowners whose loans aren’t going to modified might feel about it. The Washington Business Journal reports: “BofA says it is offering to reduce the principal amount owed by 30 percent on average. The move is required by…

This week in Charleston real estate

Share Wow, did a lot of listings come on the market this week. I’d have to look back and double check but I’m fairly certain that the 403 new listings that came on the market this week is the highest so far this year. The good news is that despite lots of homes being listed,…

French Quarter, Historic Charleston | Charleston neighborhood focus

Share One of the most historic, fascinating and fun neighborhoods in Charleston is the French Quarter comprising much of the original walled city of Charleston and it just might be the perfect location in Charleston for your primary residence or a pied-a-terre. The French Quarter is enriched with historic church steeples, cobblestone streets, theatres, entertainment…

Pictures of Charleston [Friday Photos] Cinco de Mayo

Share The 5th of May, Cinco de Mayo, commemorates the Mexican Army’s victory over France at the Battle of Puebla on May 5, 1862. While it is a relatively minor holiday in Mexico and not to be confused with Mexican Independence Day on September 16, Cinco de Mayo has evolved into a celebration of Mexican…

Tale of the tape, does your furniture fit

Share When you’re viewing a home for sale, one of the most important considerations that you might have is whether your furniture and accessories will fit in a room. If a home is furnished, it’s pretty easy to see whether your king or queen sized bed will fit comfortably in a room if the seller has…

This week in Charleston real estate

Share Consistency has been the hallmark of the Charleston real estate market thus far this year. A similar number of homes have come on the market each week but the market has been absorbing the spring buildup in inventory very well because homes going under contract every week have continued to be strong as well….

Riverland Terrace, James Island | Charleston neighborhood focus

Share Conveniently located to both downtown Charleston and Folly Beach, Riverland Terrace is a classic neighborhood in James Island and a favorite choice for many homebuyers. You’ll find both riverfront estates overlooking the Stono River and Wappoo Cut along with charming small cottages. Neighborhood profile for the last 12 months: Sales – 25 homes were sold in…

Pictures of Charleston [Friday Photos] Charleston’s grand trees

Share Nothing defines Charleston and the South like the grand oak trees found throughout the area. Southern live oaks draped with Spanish moss evoke a certain feeling to locals and visitors alike and it’s just a good old Southern feeling. The most famous grand tree in Charleston is the Angel Oak on Johns Island which…

[What's your preference?] Single family home, townhome or condo

Share Homeowners at different stages of their life might choose a single family home, a townhome or a condo to meet both their wants and needs. There really isn’t a hard and fast rule that young singles or empty nesters will choose a condo or townhome or that most families either getting started or moving…

What’s up (or down) with home prices

Share S&P Case-Shiller released their expected dismal news once again this morning and the headline in MarketWatch couldn’t be any gloomier, U.S. home price fall to nearly decade low. There are several things to keep in mind when looking at the Case-Shiller index. First of all, the index is not seasonally adjusted. This report is…