Columbia SC Real Estate & Business Report

Real Estate Agent - Russell & Jeffcoat Real Estate Corp.
Most of what is written here will pertain to real estate and economic issues pertaining to the Columbia SC area, although I may sneak in a story or two about baseball or the universe or good service received at a restaurant. I represent sellers of existing homes and buyers of new and existing homes in the Columbia SC area.
  The Council of Shopping Centers released a statement yesterday that they predict holiday spending to increase 3 percent over last year.  This trade group which represents shopping malls said Friday that 'November-December spending should top $250 billion, the highest since the 2007' peak.  This...
The USDA rural home loan program is back!   A USDA Guaranteed Loan is a Government insured 100% purchase loan.  These loans are offered in the rural areas of Richland County and include portions of Hopkins and Irmo. Under the terms of the program, an individual or family may borrow up to 100% of ...
Columbia SC     I waited a couple of months for the grand opening hoopla to subside and chose a random Sunday afternoon to visit the new Mast General Store to see how business was going.  Mast moved into the historic Lourie’s Building at 1601 Main Street in late May.  Located at the corner of Mai...
While doing some research on the lingering causes of our National Debt I found out the Bureau of the Public Debt announced last week that it will no longer issue paper bonds starting next year and is moving to electronic bonds that are automatically redeemed when they mature.  More than $16 billi...
Home For Sale   313 Keystone Drive   Myers Creek   Hopkins SC 29061 This former C&C Builders model home in the popular Myers Creek neighborhood of Hopkins is now for sale for only $125,000!  313 Keystone Drive is located on a cul-de-sac with very limited traffic.  The 3 year old home has 3 bedroo...
Columbia SC     The latest quarterly South Carolina employment data is a mixture of good news/bad news.  Unfortunately over 71,000 employees were laid off by businesses that could not afford to keep them.  Another 14,000 people lost their jobs due to businesses shutting down completely.  These fi...
Ford Vehicle Sales Are Booming Ford says that the company's truck sales had one of its best months in 3 years.  June sales for the F-Series trucks were up 7 percent and the Ranger were up 18 percent. Total vehicle sales for June were up roughly 14%. The F-Series truck remained the best-selling ve...
 Famously Hot Columbia SC Breaks 90 Degrees Every Day in June The high temperature in Columbia was 90 degrees or above every day in June, 2011.  The city has never before recorded a June without at least one day where the high stayed in the 80s.  Our Famously Hot moniker held true.  The last day ...
Columbia SC     Real estate developer Bob Hughes has received final approval to purchase the 165 acre State Mental Hospital complex in downtown Columbia.  This is one of the largest land sales to ever occur inside the city limits. The State Budget and Control Board approved the $15 Million sale t...
COLUMBIA, S.C.     Construction will soon begin on a six-story downtown parking garage that will supply an additional 530 parking spaces at the corner of Taylor and Sumter streets.  A lighted walkway will lead around the corner to Main Street on the block with the new Mast General Store and The N...

Terry Edwards

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