Charleston · Other
Why is Ravenel lagging the foreclosure spike?
Ravenel's smaller number of transactions at any given time means foreclosure activity there simply doesn't generate the volume needed to register as a spike the way a denser market might, even if the underlying causes are similar. Rural and larger-acreage properties also tend to move through foreclosure differently than typical suburban homes, affecting how quickly filings show up in reported data. Brian Beatty can pull actual current foreclosure filings for Ravenel rather than comparing it to a trend built on a much larger market.
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