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Residential home sales continue to trend upward in May

Residential home sales continue to trend upward in May
charlestonbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from charlestonbusiness.com Daily Mail and Mail on Sunday newspapers.

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Lexington Co. Council pauses construction of new large-scale neighborhoods, relators react

Lexington Co. Council pauses construction of new large-scale neighborhoods, relators react
Lexington Co. Council pauses construction of new large-scale neighborhoods, relators react
By Drew Aunkst | April 19, 2021 at 11:34 PM EDT - Updated April 19 at 11:34 PM
LEXINGTON COUNTY, S.C. (WIS) - Lexington County Council is putting a stop to the construction of new large-scale residential neighborhoods in unincorporated areas of the county.
âLexington County is exploding in growth right now. For example, in 2020 we approved 2,200 new lots, thatâs 2,200 new homes potentially 4,400 new cars on the road all the time,â said Councilmember Beth Carrigg.
The moratorium will prevent applications and the processing of applications for residential subdivisions with 10 plus lots, or with lots averaging less than Â½-acre, as well as apartment complexes. ....

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Study: High taxes have stymied growth in Columbia in the last decade

Study: High taxes have stymied growth in Columbia in the last decade
Chris Trainor, The State (Columbia, S.C.)
Dec. 17 Property taxes in the Columbia area are the highest among large metro areas in South Carolina, and have stymied growth in the Capital City in the last decade.
That was a key takeaway of an 81-page property tax analysis commissioned by the City of Columbia earlier this year. The study which cost the city $25,000 and was authored by Rebecca Gunnlaugsson, principal at Acuitas Economics and former chief economist with the state Department of Commerce was initially presented to Columbia City Council in October, and was shared Wednesday in a discussion with the Columbia Chamber, the Building Industry Association of Central South Carolina, and the Central Carolina Realtors Association. ....

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