Housing unit sales, including regular dwellings and FHA foreclosure home properties, declined in Charleston in November. The drop was more than 20% when compared with year-ago levels, although prices showed some improvement.
High numbers of foreclosure lis pendens continue to affect residential property sales in some markets of South Carolina. Housing sales in 2010 declined in some areas of the state compared with 2009.
Home and commercial foreclosures and HUD houses for sale rose in number during the first half of 2010 in the Charleston region, while Columbia had the lowest foreclosure rate.
A South Carolina man brought hope to residents affected by the high number of bank and FHA repossessed properties in the area. The homeowner was able to save his home from foreclosure.