The Upstate SC

VOL12ISS2 2016

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Page 59 of 83

THE ORIGINAL RELOCATION GUIDE — UPSTATE SC | VOLUME 12 — ISSUE 2 58 According to the Federal Reserve Bank in Richmond, VA, economic conditions in South Carolina generally have improved in recent months. Payroll employment rose and household conditions strengthened while housing market indicators were somewhat mixed. South Carolina issued 2,830 new residential permits this past July in the state with the Greenville MSA issuing the most permits at 833, an increase both over the prior month and the prior year. Housing starts in South Carolina totaled 36,300 in July, up 9.3 percent in the month and up 15.7 percent from July 2015. Home values in the state, according to CoreLogic Information Solutions, appreciated 1.3 percent in June and 7.2 percent on a year-over-year basis. Home prices also grew in June in the Greenville Region, in fact, on a year-over-year basis, home values appreciated in nearly every MSA in the state. Greenville is the economic and cultural hub of South Carolina and is also in one of the fastest growing UPSTATE REAL ESTATE Upstate Real Estate BY STUART JAMES counties in the nation. The Greenville South Carolina Real Estate Market remains one of the most stable markets in the country. While many areas have experienced major corrections in their markets, Greenville continues to be a solid place to invest. In fact, from affordable and modest homes to beautiful estates, the region has a home for every budget. Historical homes, colonial, and contemporary homes all blend together in a tapestry of neighborhoods adding to the character of not only the top three cities of Greenville, Spartanburg, and Anderson but also the smaller towns and communities of this Upstate MSA. Additionally, the condos for sale in downtown areas of the cities now range from beautiful midrise buildings to cutting edge urban lofts. One major factor in the impressive Upstate real estate market is that no matter where you live you have an easy commute to the surrounding burgeoning industrial economy. In fact industrial real estate sources paint a bright picture for the year thus far. The third quarter of >> on the up and up in Upstate

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