Report: Greenville area rental rates increased 11.2% in 2010 (sales, foreclosed)

[Skyliner]

Businessweek said that in 2009, landlords offered more discounts to help keep existing tenants and attract new ones. The report said there are more renters than ever now because people have lost their homes or are putting off buying one.

Sources: Report: Greenville Had Highest Rent Increase In US - Money News Story - WHNS Greenville (http://www.foxcarolina.com/money/27214263/detail.html?utm_source=twitterfeed&utm_medium=twit ter - broken link)

Twenty-Five American Cities with the Biggest Rent Hikes: No. 1 Biggest Rent Hike: Greenville, S.C. - BusinessWeek

[Crackofdawn]

I know and I really wish I had/could take advantage of this. I would love to buy a foreclosed house, and rent it out... if only I had the time and energy I would need to dedicate to it, now is just about the most perfect time.

I feel like I'm the only person in my extended family in the area that doesn't own a rental house!

[bethequeen]

Does anybody have an opinion on whether home sales are picking up locally?

[Crackofdawn]

I don't think they are much, but they also didn't decline nearly as much here as other areas. It's definitely still a buyer's market.

[Made_it_To_the_Metroplex]

Originally Posted by bethequeen

Does anybody have an opinion on whether home sales are picking up locally?

http://www.greenvilleonline.com/arti...n-looking-for-

(Remember to use the Google news search using the title of the article to see full text).

"Year-over-year home sales in Greater Greenville were up 7 percent last month compared with sales in the same month last year, according to statistics released by the Greenville Multiple Listing Service."

[TmanIsHere]

Originally Posted by UpstateBooster

Home sale increase 'what we've been looking for' | greenvilleonline.com | The Greenville News

(Remember to use the Google news search using the title of the article to see full text).

"Year-over-year home sales in Greater Greenville were up 7 percent last month compared with sales in the same month last year, according to statistics released by the Greenville Multiple Listing Service."

That's good and all, but does that mean these people will be losing money off a falling home prices? I think Greenville market is lagging national home values and now starting to see the pain.

http://www.zillow.com/local-info/SC-Greenville/r_24960/#{scid=mor-site-topnavlocalsub}
Greenville Home Prices and Home Values in SC - Zillow Local Info

[Skyliner]

Originally Posted by TmanIsHere

That's good and all, but does that mean these people will be losing money off a falling home prices? I think Greenville market is lagging national home values and now starting to see the pain.

http://www.zillow.com/local-info/SC-Greenville/r_24960/#{scid=mor-site-topnavlocalsub}
Greenville Home Prices and Home Values in SC - Zillow Local Info

There doesn't appear to be much (if any) difference between the local and national trends over the last two years, based on the Zillow link. By the way, their population info for Greenville needs updated.

[TmanIsHere]

There's a big increase in house price between the 2007 and 2008 for Greenville. 2007 was when the bubble popped for the national. You don't see decline in housing prices until 2008. I was just stating that lag.