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Charleston Real Estate Market Benefits From Population Growth- Post and Courier » Charleston Home Sales News – Wendy Delaney Homes

Charleston Real Estate Market Benefits From Population Growth- Post and Courier

Charleston Region Saw Strong Population Growth

David Slade

The Charleston area led the state in population gains last year, and grew faster than most U.S. cities, according to the Census Bureau.

The population growth is seen as an economic positive for the region, and particularly for the recovering real estate market.

Michael Scarafile, president of Carolina One Real Estate, said population growth is usually a positive sign for the housing market. “As we see growth in population, both from people moving here for jobs like Boeing and because we have a great place to live, that creates more demand.”

Tim Keane, director of Charleston’s Department of Planning Preservation and Sustainability, said a growing port, influx of technology-related businesses, good colleges and Boeing all point to growth.

“We’re seeing a significant amount of commercial, office and residential development right now,” he said. “There are plenty places that would be very, very happy with the kind of investments we have going on, and the growth we are seeing.”


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