Realtors forecast seller’s market
COLUMBIA -- South Carolina Realtors released its May 2018 market report. The report shows that homebuyers should expect a competitive housing market throughout the summer months.
New listings were up almost 7 percent to 10,897 compared to last year, while pending sales decreased a little more than 2 percent to 7,585. Homeowners have less to choose from with an inventory drop of two percent to 29,142 homes.
The report also reveals that sellers have an advantage with a median sales price increase of 7 percent to $205,709.
Homes are selling more quickly with a decrease in days on market by almost nine percent compared to last year. Statewide, homes are selling within 83 days. However, in some local sects such as the Irmo/Ballentine/St. Andrews area of Columbia, homes are selling in as little as 48 days.
Months supply of inventory was down almost 9 percent to four months, indicating that demand increased relative to supply.
SRS liquid waste restart
AIKEN – Liquid waste operations at the Savannah River Site have successfully restarted after a comprehensive, 15-month outage to replace and upgrade equipment and facilities.
The Defense Waste Processing Facility is again pouring canisters of glassified high-level waste after workers completed extensive maintenance during the outage since February 2017. That’s when Savannah River Remediation, SRS liquid waste contractor, began replacing the DWPF melter, the key vessel that vitrifies high-level radioactive waste into a stable glass form contained within stainless steel canisters.
Chemical operations (i.e., pretreatment of sludge to prepare for vitrification) at the DWPF resumed May 8. On May 31, DWPF restarted glass pouring when a minor issue was discovered with the seal between the melter and the canister.
BD investing $150M in Sumter
COLUMBIA – BD (Becton, Dickinson and Company), a leading global medical technology company, announced a $150 million investment in its existing Sumter County manufacturing facility. The company is projected to create an additional 125 new jobs over the next several years.
Employing more than 65,000 associates worldwide, BD is one of the world’s largest medical technology companies and supports health care providers in more than 190 countries around the globe. BD’s Sumter County facility has been in operation since 1970, manufacturing blood collection devices that are critical to the health care industry.
BD’s Sumter facility is actively hiring for the new positions, and interested applicants should visit www.bd.com/careersfor more information.
Gas taking more of paycheck
CHARLOTTE, N.C. -- Consumers are spending $69 more a month to fill up compared to last summer. According to AAA, gasoline expenses are accounting, on average, for seven percent of an American’s 2018 annual income, a 1-1/2 percent increase since the summer of 2017. With strong summer consumer gasoline demand expected in the months ahead, motorists can expect little relief at the pump.
“Motorists can expect to spend at least $250 more on gas this season, but that won’t stop them from traveling. Summer is synonymous with road trips, said Tiffany Wright, AAA Carolinas spokesperson. “The higher gas prices may just encourage travelers to shorten their driving distance, while others may pinch pennies by eating out less or finding more free family-fun activities while on vacation.”