Historic Charleston, SC is not only the second largest and the oldest of cities in South Carolina, but according to World Population Review, it’s one of the fastest growing cities in the United States as well. The reason, aside from the preservation of the historic charm of Charleston, the revitalization of downtown is not only drawing people in but making them want to stay forever. However, it wasn’t always been like that.
Joseph P Riley, the longest standing mayor of 40 years in Charleston, was at the helm of revitalizing Charleston. It was taken [...]
The Great Recession was a boom for house flipping. Real estate prices declined drastically, and thousands of properties were sold as distressed properties. Investors purchased the properties, made moderate improvements and resold the homes for a profit.
Experts say house flipping played an important role in the economy during the real estate crash. It helped increase real estate values and worked to move excess inventory during the real estate crash.
“I don’t think there’s anything inherently wrong with flipping itself,” said Steve Swidler, a finance professor at Auburn University. “In fact, flipping has probably given life to the housing [...]
Do you love the energetic pace of living in a city but find home prices out of reach? You might explore some of the gentrifying or up-and-coming neighborhoods in your metro area. Despite the bad rap that the word gets, we’ve taken a look at what the term really means and how it can be effective for cities and aspiring homeowners.What Is Gentrification?
Gentrification is one of the by-products of urban sprawl. You can think of it as an expansion to a city’s boundaries. Sometimes, it happens when developers buy industrial properties like warehouses, homes, and abandoned buildings, no longer in use, and gives them a makeover. There may also be empty lots for [...]