Charleston's real estate experiences 'frantic' surge amidst S.C.'s foreclosure crisis
South Carolina has the fifth highest foreclosure rate in the nation, according to a recent real estate study.
Conducted in February, the study found that roughly one in every 2,000 homes in the state had a foreclosure filing. But what does this mean for Charleston?
While the area sees fewer foreclosures than other, lower-income counties, real estate agents describe the market as frantic with prices continuing to rise.
“Even over the past five years, you've got folks from all over …