Explore Columbia, SC

By Terry Edwards
(Russell & Jeffcoat Real Estate Corp.)
Comments 13
Right Place At The Right Time I stopped by a listing to check that the screen on the back porch had been repaired and when I walked outside the neighbor was hammering a FSBO sign into his yard.  I walked over and introduced myself and he asked if we had any buyers looking?  I said "In fact, we ac...

By Clint Hammond
(Mortgage Network, Inc)
Comments 1
First the wrap up on the week, then the move forward ideas and suggestions. Our benchmark FNMA 5.5% mortgage bond was in the red most of the day before recovering losses late in the session to move 6bp higher to close at $100.25. Mortgage bonds moved lower and stocks higher initially following a ...
I have been fortunate enough to launch my real estate career by helping several first time home buyers and Columbia SC relocation clients. Both to these types of clients usually ask.... What's the first step in buying a home or Who should home buyers call first for help in buying a home? With tod...

By Clint Hammond
(Mortgage Network, Inc)
Comments 0
Updated: 2:35 pm- Congress passed the rescue bill this afternoon. Stocks pare a decent amount of their earlier gains, the Dow is up 81 points compared to the 250 it was up to earlier in the day. Nasdaq has cracked 2000 and stayed there, up 24 so far and the S&P is looking at 12 points higher sinc...

By Clint Hammond
(Mortgage Network, Inc)
Comments 1
-159,000 jobs lost compared to an estimated -104,000. Unemployment rate 6.1%, as expected. Hourly Earnings +.3% on a +.2% estimated. Average work week 33.6 on an estimate of 33.7. Jobs lost was more than expected but other figures come in close to or on the number. Markets react positively to the...
Dow points lower, NASDAQ as well. MBS open up 9bp ahead of the jobs number. More to come after the jobs report is released.

By Terry Edwards
(Russell & Jeffcoat Real Estate Corp.)
Comments 7
Holes In The Walls, Holes In The Ceilings.... Yesterday I previewed 7 foreclosed houses for a client and what a mess.  Every one of them had ripped up carpet, bare wires exposed from yanked out ceiling fixtures and holes the size of a 16 oz. hammer head in the walls.  Even the closet walls had ha...

By Clint Hammond
(Mortgage Network, Inc)
Comments 3
We've had, to say the least, a very interesting week. The markets have gone to great length to prove how bipolar they are and just how volatile they can be. One 800 pound gorilla is the bailout plan that passed, didn't pass, was re-passed, and now on the table for the house to revisit tomorrow. T...

By Terry Edwards
(Russell & Jeffcoat Real Estate Corp.)
Comments 0
September 2008 Home Sales In Columbia SC While home sales have slowed recently the market around Columbia is still chugging.  I broke down the closed deals during September:           $125-150K   97 sales           $150-200K   95 sales           $200-250K   42 sales           $250-500K   51 sales...

By Clint Hammond
(Mortgage Network, Inc)
Comments 4
No one can sell anything unless you believe in your product, believe in yourself, and project a positive and upbeat attitude and disposition. That means having the ability to spin anything as a positive. Stocks are down, the dow has lost 290 points as of 11:22am, the NASDAQ has lost 85 points and...

By Terry Edwards
(Russell & Jeffcoat Real Estate Corp.)
Comments 0
Normally when I come up with a good idea the shine disappears once I try to implement it.  I had sprayed and scraped off the foyer popcorn ceiling and made a huge mess a year ago and pretty much swore off ever doing this again.  Then I started thinking about tackling one of the bathrooms when the...

By Clint Hammond
(Mortgage Network, Inc)
Comments 3
Indymac- check. Countrywide- check. Bear Stearns- check. Lehman Bros- check. Who are we missing? That's right, Washington Mutual. I knew I was leaving out the largest bank failure in US history. Anything else? Oh, yeah, the bail out stalled I think immediately after I posted last nights entry. I ...

By Clint Hammond
(Mortgage Network, Inc)
Comments 0
Although it was not as initially proposed by The Hammer Hank Paulson, the bail out was agreed on in principle today. The $700 billion plus proposal was scaled back to $250 billion of immediately available funds with and additional $350 billion that could be accessed and only prevented from access...

By Clint Hammond
(Mortgage Network, Inc)
Comments 1
Existing home sales came in lower than expected. 4.91 million compared to the consensus estimated of 4.93 million. Even bigger news was the fact that the median home price in the US declined 9.7%. Down to $203,100 average sales price. So let's talk about why this is so important if you want to su...

By Clint Hammond
(Mortgage Network, Inc)
Comments 1
Big day in the financial world today. Bernanke and Paulson testified on The Hill about the $700 BILLION, I still don't even think that's a real number, plan to bail out the markets and bring an end to this mess. Of course the government has always been oh so efficient at "fixing things" so I'm su...

By Chip Jefferson
(Gibbs Realty and Auction Company)
Comments 0
Details   Photo Gallery Heathwood (Columbia, South Carolina, US - 29205) MLS® $297,900 Desirable Heathwood Quick Links Virtual Tour Request More Info Mortgage Calculator     Details Address: 733 POINSETTIA STREET Type: Residential Style: 2 Story "Traditional Williamsburg" Bedrooms: 3 "Huge maste...

By Clint Hammond
(Mortgage Network, Inc)
Comments 8
Alrighty....I'm done predicted anything exact because it's impossible and I'm too proud to be wrong more than a couple times...tops! Stock market tanked 372 points (closing at 11,015), the NASDAQ shed 95 points (2,178 close) and the S&P rid itself of Friday's gains to the tune of 48 points (closi...

By Clint Hammond
(Mortgage Network, Inc)
Comments 3
Part 1 one of 5: With an ever increasing number of guideline changes and borrowing money becoming more and more difficult, we have to be able to advise our clients of things they can do in order to help the process out. Income is one that immediate change is often not an option. Assets, with time...

By Clint Hammond
(Mortgage Network, Inc)
Comments 0
Apparently the government is 100% in the banking business these days huh? Markets volatile, as always. Dow finished way up, two day gain of 778 to close the week at 11,388. NASDAQ jumped 74 points to close the week at 2,273, and the S&P banged out a 48 point gain to finish at 1,255. This took mon...

By Clint Hammond
(Mortgage Network, Inc)
Comments 0
Violent swings today in all markets. It's apparently a situation where no one has a clue what's going on. Employment market appears to still be headed towards more bad times as initial claims were higher. Should've been bond friendly but we're down 22bp as of 2:36pm. We're currently trading withi...

Columbia, SC Real Estate Professionals