Real Estate Market in Mount Pleasant Charleston SC should benefit from people moving to the area in 2008.
For home sellers in Mount Pleasant Charleston SC area, this is good news that people are moving to the area as compared to lot of areas throughout country. The increase in population should help to stabilize the market sooner than later. The demand for housing should go up and as a result homes on the market should begin to sell. For home buyers in Mount Pleasant Charleston SC area, this good news, because this means the time to buy is now and the market will turn around sooner than later as compared to other areas across the country.
Tri-county area up by 14,000 residents
By David Slade - The Post and Courier - Thursday, March 19, 2009 - Tim Allen moved his family from Florida to Mount Pleasant in the spring of 2008, attracted by a good job at the College of Charleston, coastal living and quality public schools.
Bertha Middleton lived and worked in large Midwestern cities for most of the past 30 years but returned to her rural roots and her relatives on Wadmalaw Island after the economy claimed her job in Cleveland.
Middleton and the Allen family were among thousands of people who moved to Berkeley, Charleston and Dorchester counties between the summers of 2007 and 2008, an influx that helped rank the area the 35th fastest-growing metropolitan area in the nation, the U.S. Census Bureau estimated in a report released this morning.
Nationally, all but three of the nation's 50 fastest-growing metropolitan areas were located in the South or West, and five of those top growth areas were at least partially in South Carolina.
Those five were the regions including Charlotte, N.C., whose suburbs include South Carolina's York County; Myrtle Beach; Charleston, whose metropolitan area is the tri-county region; Greenville; and Spartanburg.
Nationally, the fastest-growing metropolitan area was Raleigh, N.C., whose population rose 4.3 percent.
The fastest-growing county was St. Bernard Parish, whose population popped more than 12 percent, as New Orleans continued to recover from Hurricane Katrina.
There were plenty of places in the nation that lost population during the year studied. In fact, out of 3,142 counties in the United States, 1,161 had fewer residents in July 2008 than the year before.
In South Carolina, 18 of the 46 counties lost population.
"Mostly the rural counties are losing (population) and the urban counties are gaining," said Michael V. Macfarlane of the South Carolina State Data Center.
In Berkeley, Charleston and Dorchester counties, the population increased by 14,072 between the summers of 2007 and 2008, the bureau estimated, and about two-thirds of the growth came because more people moved to the area than moved away; about 9,000 more.
Berkeley led the tri-county growth with the highest number of new residents, 5,772, and the highest rate of increase, a 3.5 percent gain in one year.
Those five were the regions including Charlotte, N.C., whose suburbs include South Carolina's York County; Myrtle Beach; Charleston, whose metropolitan area is the tri-county region; Greenville; and Spartanburg.
Nationally, the fastest-growing metropolitan area was Raleigh, N.C., whose population rose 4.3 percent.
The fastest-growing county was St. Bernard Parish, whose population popped more than 12 percent, as New Orleans continued to recover from Hurricane Katrina.
There were plenty of places in the nation that lost population during the year studied. In fact, out of 3,142 counties in the United States, 1,161 had fewer residents in July 2008 than the year before.
In South Carolina, 18 of the 46 counties lost population.
"Mostly the rural counties are losing (population) and the urban counties are gaining," said Michael V. Macfarlane of the South Carolina State Data Center.
In Berkeley, Charleston and Dorchester counties, the population increased by 14,072 between the summers of 2007 and 2008, the bureau estimated, and about two-thirds of the growth came because more people moved to the area than moved away; about 9,000 more.
Berkeley led the tri-county growth with the highest number of new residents, 5,772, and the highest rate of increase, a 3.5 percent gain in one year.
To read the rest of the article, http://www.charleston.net/news/2009/mar/19/tri_county_area_up_by_residents75686/
For more information on Buying a Home in Hanahan & Mount Pleasant, SC and Surrounding Areas contact Matt Naumann, your local local buying expert on Foreclosures, REOs, and Bank Owned Properties.
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