City knew trees were coming down, developer says

MAY 20, 2010 11:15 a.m. (0)

City officials knew, or should have known, that five heritage trees on the fringe of the controversial Brookside development would be coming down, David Douglas manager of Douglas Development told the Journal.

City officials issued a stop work order at the site located just off Wade Hampton Boulevard last month, charging removal of the trees violated the city’s conditional use permit.  Continue reading...

 

FHAngst

New regulations from the Federal Housing Administration causing financing woes for some condo buyers

SEPTEMBER 24, 2010 1:24 p.m. (0)

Failure of condominiums and their associations to comply with new Federal Housing Administration regulations and lender reluctance to finance purchases without equal compliance is hurting an already difficult condo market.

Only 14 of Greenville’s condominium developments have met the new strictures to qualify for FHA mortgages or, for that matter, financing from conventional lenders who are insisting on equally restrictive or higher lending standards.

Unapproved are some of downtown Greenville’s most exclusive – and pricey – addresses and upscale condominiums fresh on the market.  Nor are most of Greenville County’s long-established modest and low-end condo developments, making re-sales difficult.  Continue reading...

 

Upstate housing sales on the rise

Competitive bidding is returning as prices inch up

JUNE 21, 2012 10:18 a.m. (0)

After four years of buyers holding sway in the housing market, sellers are beginning to see a slow swing of the pendulum toward balance in supply and demand.

“I definitely think it is still a buyers’ market, but there is a decrease in inventory,” said Kathie Gajda, president of the Greater Greenville Realtors Association and broker of Gajda & Gutbrod Real Estate Corner.  Continue reading...