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Real Estate Market in Columbia, SC: 2025 Outlook

Columbia, South Carolina, is a real estate hotspot at the end of 2024. With its rich history, lively culture, and close proximity to top schools, it’s a great place for both investors and homebuyers.

Market Overview

Throughout 2024, Columbia has experienced a steady increase in demand for residential properties. This demand has been driven by job growth and an influx of new residents seeking the unique blend of city amenities and Southern charm that Columbia provides. The median home price in Columbia has risen slightly over the past year, reflecting the demand but still offers affordability compared to national averages, making it an at...

As 2024 draws to a close, Columbia, South Carolina, stands as a thriving hub of real estate activity. Known for its rich history, vibrant culture, and proximity to key educational institutions, Columbia offers both investors and homebuyers a variety of opportunities.

Market Overview

Throughout 2024, Columbia has experienced a steady increase in demand for residential properties. This demand has been driven by job growth and an influx of new residents seeking the unique blend of city amenities and Southern charm that Columbia provides. The median home price in Columbia has risen slightly over the past year, reflecting the demand but still offers affordability compared to national average...

Columbia, South Carolina, often dubbed the "Soda City," is a gem nestled in the heart of the Palmetto State. With its rich history, vibrant culture, and burgeoning economy, Columbia has become an attractive destination for homebuyers and real estate investors alike. Whether you're a first-time homebuyer, a seasoned investor, or someone looking to relocate, understanding the nuances of Columbia's real estate market is key to making informed decisions.

Why Columbia, SC?

Columbia’s appeal lies in its unique combination of Southern charm and modern amenities. The city boasts a low cost of living, making it an ideal location for families and retirees. With its abundance of parks, cultural ve...

A new pilot program from Bank of America called Community Affordable Loan Solution will allow people with low credit scores and no down payment to qualify for a mortgage without having to pay mortgage insurance or closing costs. It will be available in five cities: Dallas, Miami, Charlotte, Los Angeles, and Detroit. Although it's for anyone who can qualify, the program is aimed at closing the racial homeownership gap in these areas.

Although this isn't the first time a national bank has launched a program aimed at closing the racial homeownership gap, it's not the first time that it has. We will not close this gap by simply changing mortgage product offerings. Instead, it will take time ...

It's no secret that millennials are changing the way the world works. They're now the largest generation in America and are starting to enter their prime homebuying years. Homeownership is rising among millennials, which is excellent news for the real estate market! This blog post will look at millennial homeownership and see what's driving this trend. We'll also discuss some of the challenges that millennials face when it comes to buying a home. So if you're interested in learning about millennial homeownership, read on!

The Homeownership Gap is Closing

One of the most notable trends in millennial homeownership is that the gap of homeownership is closing. For many years, millennials ...

There are many benefits to owning a home vs. renting, including mortgage rates, savings, and equity. Let's look at each of these benefits in more detail.

Mortgage rates: Today, mortgage rates are now over 6%. That's a big difference from the 3% mortgage rates we saw just a few years ago. The rise in mortgage rates has deterred some potential homeowners from purchasing their first home. Instead, some potential homeowners have decided to hold off and rent a while longer. While some may perceive this to be a strategic approach to use, the fact is that it isn't. Rent increases yearly, partly to the rise in mortgage rates. While there is a standard mortgage rate to prepare potential homeowners...

If you're in the market for a new home, there are many things to consider. From finding an affordable property and determining your budget to figuring out whether or not homeowners insurance is right for you, you must do your research before diving into the process. In this blog post, we'll walk through 10 things every prospective homeowner should know before taking on their next mortgage and how The Davis Real Estate Development Group can help you every step of the way.

1)     Credit score: One of the most important things a lender will look at when considering your mortgage application is your credit score. Your credit score reflects how responsible you have been with debt in the pa...

Columbia has a population of 133,273 people and is located in South Carolina. Columbia is one of the best places to reside in South Carolina, and it is located in Richland County. The state capital of South Carolina is located in Columbia, along with the State House. There are numerous parks in Columbia. For example, the Riverbanks Zoo & Garden is a large park comprising of zoos and floral gardens. The Columbia Museum of Art houses a vast collection spanning age. Exquisite grounds surround the Robert Mills House, built-in 1823, home and gallery.

Housing Options for Real Estate

Over the last two years, real estate development rates in Columbia have tracked to around the national avera...