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The Downing Group Blog

Why Isn’t My Columbia, SC Home Selling?

Here are the four main reasons your home may not be selling in this market. In the Columbia market, we have very low inventory, and we currently only have about a month’s supply, which is an all-time low. Interest rates are also at historic lows, so it’s a feeding frenzy out there. We’re commonly receiving… Read more »

Lake Murray’s Winter Drawdown

Here’s the latest on the winter drawdown of Lake Murray and our hot market. As of January 25, the date of this recording, Lake Murray was 354.5 feet above sea level (sea level is used scientifically as a fixed point to base lake levels). That said, maximum operating conditions—“full pool,” as they call it—for Lake… Read more »

Q: Where Are Interest Rates Headed in 2021?

Here’s what you can expect from the mortgage world in 2021. Today I’m joined by Brian Prahl of Palmetto Mortgage Group to give a 2021 interest rate forecast and talk about the refinance savings you can take advantage of. Brian says the mortgage industry has been crazy lately, but in a good way. COVID obviously… Read more »

Q: What Will Our Market Look Like in 2021?

Here’s our predictions for what may be in store for our 2021 market. Thanks to a certain virus that blindsided the entire world (have you heard about it?), everyone who had made predictions for 2020 found themselves shrugging their shoulders this spring—no one could have foreseen the market behaving the way it did this year…. Read more »

A Q3 Market Update for You

Here’s a quick overview of how our Columbia real estate market is doing. As we head into the home stretch of 2020, I want to bring you a quick update on what we saw in the third quarter here in Columbia. We’re still firmly in a strong seller’s market; we need inventory badly. There just… Read more »

Q: Are Homeowners Associations a Bad Thing?

Here are the pros and cons of living in a homeowners association. I’ve been hearing from a lot of clients about homeowners associations, which can be a real firestorm for some. Is living in a homeowners association a bad thing or a good thing? The truth is that it depends on your situation and what… Read more »

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