Minto Communities, Margaritaville Plan Texas Expansion
Minto Communities USA and Margaritaville Holdings recently announced plans for a significant expansion into Galveston Bay, Texas, with a new 3,500-home development. This project, known as Latitude Margaritaville Galveston Bay, is part of a larger planned unit development on a 1,318-acre property and recently secured zoning approval to proceed. The expansion marks Minto’s entry into […]
K-Shaped Housing Market Persists as Starter Homes Lag
A national housing report indicates that the K-shaped economic trend, where different segments of the economy perform divergently, remains deeply entrenched in the real estate market, particularly impacting prospective homeowners in Aiken and across the country. Despite a reduced supply of entry-level homes compared to 2019, the attention each property receives has fallen below pre-pandemic […]
U.S. Homebuying Slowdown Reaches Beaufort as Mortgage Rates Climb
Homebuying demand across the United States has weakened significantly, with pending home sales falling to their lowest level since early April. This slowdown coincides with the daily average mortgage rate climbing to 6.85% at the end of July, marking its highest point in more than a year. The national data, which encompasses over 900 U.S. […]