Columbia SC Home Prices Hitting Record Highs

Columbia SC home prices are hitting highs not seen in years, thanks mostly due to low inventory.

Still, as many borrowers struggle with unwieldy mortgage payments, and certain areas are still deluged by foreclosures, news of record high prices are causing some concern. Looking forward, economists expect home-price growth to slow down.

CoreLogic’s deputy chief economist Sam Khater said in a statement, "We are at or slightly above where we should be from an equilibrium stand point and what had been driving prices up rapidly is just the price correction because home prices fell too far."

On the one hand, home buyers are fearful they won't be able to find a home. On the other hand, home sellers are ecstatic as Columbia SC home prices soar. Diane Olick has more on this dilemma…

We have other articles and tips pertaining to the Columbia SC real estate market and rising Columbia SC home prices. We have tips for buying a home, including things you need to know before, during and after the home buying process. Check out our other Columbia SC Home Buying Tips to your right under Columbia SC Real Estate Categories.

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