Cautious Optimism seems to be the word and the feeling of the day.  Based on information that I review on a regular basis many indicators improved in June, creating a positive 3-month trend.  Such indictors include building permits, housing affordability, fewer jobless claims, and stock prices.

Our area (the Greater Greenville area), as you may know, was among the last areas nationally to feel the housing downturn and appears to be among the first to show recovery.  Our area continues to show improvement.  Among the reasons for this improvement is the quality of life which has driven record setting population growth between July 2007 and July 2008 in Mauldin and Greer.  Quality of life and affordability together are having a positive impact on housing and are bringing the Greater Greenville area out of the recession slowly but surely. (more…)