In a time where people are wondering what the decline in the real estate market will have on the nation in terms of effects, buyers are also seeking out areas that have not been hit as hard as others. Across the nation real estate investors are starting to sweat as they see the demand for homes in the elite areas going down in favor of more stable and suburban areas. Areas such as Greenville, SC. One aspect of Greenville that has helped it to retain a strong real estate sector is the diverse economic core which is currently one of the best performing economies in the nation. This is a refreshing statistic to business owners and residents of the Greenville area as media is full of stories about the reclining economy and the crumpling of big name real estate markets.
Even within the state there is a dramatic difference between the real estate markets. Greenville's market continues to grow as coastal areas and traditional vacation markets such as Myrtle Beach and Charleston are still in recession. Of course the big question here is: "What does this mean for buyers and sellers in the Greenville market?" What it means is there is going to continue to be excellent value to be found in and around Greenville and the economy to support a growing population. If a large scale economic slump is going to cause a softer economy then the solid economy in South Carolina will ensure that the business sector stays strong and vital while the effects of that strength can bolster a community from the ground up.
One must ask: "What is it that has caused the slowing of the national real estate picture?" Did prices finally just get so high that the average home buyer can no longer reasonably afford a home? Did supply out-distance demand? Do some sellers simply refuse to acknowledge that they are no longer in control of the market? It really is a combination of all of these things. The market has definitely changed and in a state of evolution and buyers and sellers alike need to maintain a position of flexibility to prepare for whichever way the market fluctuates.
