Charleston's real estate experiences 'frantic' surge amidst S.C.'s foreclosure crisis

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 …