{"id":213,"date":"2014-01-20T06:59:23","date_gmt":"2014-01-20T06:59:23","guid":{"rendered":"http:\/\/www.spencerhines.com.php56-6.ord1-1.websitetestlink.com\/blog\/?p=213"},"modified":"2016-12-20T07:00:35","modified_gmt":"2016-12-20T07:00:35","slug":"3-reasons-spartanburg-real-estate-is-making-a-comeback","status":"publish","type":"post","link":"https:\/\/www.spencerhines.com\/blog\/3-reasons-spartanburg-real-estate-is-making-a-comeback\/","title":{"rendered":"3 Reasons Spartanburg Real Estate is Making a Comeback"},"content":{"rendered":"<p><!-- [if gte mso 9]><xml>\n<o:OfficeDocumentSettings>\n<o:AllowPNG\/>\n<\/o:OfficeDocumentSettings>\n<\/xml><![endif]--> <!-- [if gte mso 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class=\"MsoNormal\"><b>3 Reasons Spartanburg Real Estate is Making a Comeback<\/b><\/p>\n<p class=\"MsoNormal\">While the economy is not what it once was, there are signs that the economic outlook is slowly starting to improve which is good news for those looking for Spartanburg Real Estate.\u00a0 We put together a few tips which show that Spartanburg Real Estate is indeed making a roaring comeback.<\/p>\n<ol>\n<li><b>Interest rates are still very low \u2013 <\/b>While interest rates are not as low as they once were, they still are at historically low rates.\u00a0 As of January 2014, the average 30 year fixed mortgage rate was 4.5% and the average 15 year fixed mortgage rate was around 3.5%.\u00a0 Buyers that are able to secure these low rates can enjoy lower monthly payments which means more money in your pocket each month.\u00a0 These lower interest rates also allow you to pay down more in principal each month on your Spartanburg Real Estate which is an added benefit to help pay down your mortgage.<\/li>\n<li><b>Unemployment rate is falling <\/b>\u2013 For the first time in a number of years, the unemployment rate is slowly falling.\u00a0 While it is not as low as we would like, it does mean that more people are entering the work force and therefore earning a paycheck.\u00a0 Having more individuals earning income is a huge benefit for Spartanburg Real Estate.\u00a0 As the economy continues to improve, the outlook for Real Estate in Spartanburg continues to be bright.<\/li>\n<li><b>Properties are selling faster than in years past <\/b>\u2013 Because of a reduced inventory, real estate agents are excited about the Spartanburg Real Estate market.\u00a0 In years past, there was a large number of foreclosures and bank owned properties which drove down the average sale price of homes and commercial properties in many South Carolina neighborhoods.\u00a0 Now that many of these properties have been sold, prices have begun to rebound which is a good sign for sellers as well 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class=\"MsoNormal\">At Spencer\/Hines Properties, we are excited about the emerging trends in Spartanburg Real Estate that seem to point to a successful 2014.\u00a0 If you would like more information on the real estate market in Spartanburg, we would be more than happy to sit down and talk with you.\u00a0 We offer a wide range of property management services and have decades of experience in the Spartanburg Real Estate market.\u00a0 Contact our office today at 864-583-1001 or fill out our online <a href=\"http:\/\/www.spencerhines.com\/contact-us.php\">contact form<\/a>.<\/p>\n<p><!--EndFragment--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>3 Reasons Spartanburg Real Estate is Making a Comeback While the economy is not what it once was, there are signs that the economic outlook is slowly starting to improve which is good news for those looking for Spartanburg Real Estate.\u00a0 We put together a few tips which show that Spartanburg Real Estate is indeed&hellip; <a class=\"more-link\" href=\"https:\/\/www.spencerhines.com\/blog\/3-reasons-spartanburg-real-estate-is-making-a-comeback\/\">Continue reading <span class=\"screen-reader-text\">3 Reasons Spartanburg Real Estate is Making a Comeback<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>3 Reasons Spartanburg Real Estate is Making a Comeback - Spencer Hines Commercial Real Estate Brokers for Greenville and Spartanburg<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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