Orangeburg SC Real Estate

Click on this link to get the rainfall amount for last year, the high and low temperature daily for last year, and the snowfall.. Folks who live here will laugh at the word 'snowfall' with regards to Orangeburg, Bamberg, and Calhoun Counties.


LAST YEAR'S WEATHER ORANGEBURG SC

Thanks for your interest in Orangeburg SC- To learn more of Orangeburg SC and points beyond click on this link:

Good Stuff to know about Orangeburg SC

TO contact John Kneece

803-378-5208

info@johnkneece.com

ERA WILDER REALTY INC
1995 St. Matthews Road
Orangeburg, SC 29118

READY OR NOT...

Emergencies are never planned, but can happen in a heartbeat. Ever had a blackout at your home...and as you waited for the power to come back on, started to wonder what would happen if the minutes turned into hours or days? Would you and your family be prepared? The Department of Homeland Security (DHS) wants to make sure you are, and has identified September as National Preparedness Month. An emergency situation could be an earthquake, hurricane, potential terrorist threat, or even just that blackout.

Hopefully you will never be faced with an emergency situation of your own, but if you are, having an emergency kit will help ensure that you and your loved ones will have the bare necessities such as food, water, and items to keep you warm. And determining all the right items for each member of your family, pets, and those with special needs could normally be a very grueling process. But the DHS has made this process very simple.

To help you get started preparing your emergency kit, The Department of Homeland Security has developed a user friendly website that allows you to download and print all of the items that you will need to gather. Just hit this link: DHS Emergency Kit, and you can get a quick list of the basics, such as water, food, radio, flashlight and batteries - including a printable list of the quantities and types that should be purchased, based on your families needs. There's also valuable information on "Unique Family Needs" which includes items for infants, pets, and those with special needs.

So take a few minutes to visit the site, and forward this article on to your friends, family members, and colleagues...or better yet, prepare a starter kit for them as a gift. When the power snaps off unexpectedly...or worse...don't be caught unprepared.

What if having a parent move in with you creates quarters that are too close for comfort...and you are forced to sell your home?

Well, the IRS wants to help - and may even provide a tax break for taking an ailing parent into your home. Let's take a closer look. Under normal circumstances, if you sell your home prior to living in the property for two full years, you are normally subject to pay capital gains on the profit made. There is an exclusion that allows for $500,000 of tax free gain if you are married or half that if you are single - but you must have lived in the home for two of the past five years.

However, according to the IRS, if you take an ailing parent into your home and therefore are forced to sell, you can still get a pro rated tax break, even if you have not been in the home for the full two years.

New scoring tools empower credit weaklings
By Amy Buttell Crane


If you've been rejected for a mortgage or other loan because of a bad FICO score, don't despair. New forms of credit scoring use your payment record on utility bills, rental units and payday loans to assess your ability to repay loans.
An estimated 50 million consumers are locked out of access to credit because they lack the credit history needed to generate a decent FICO score. The FICO score estimates your ability to repay based on your past credit history as detailed in traditional credit reports.
Fair Isaac Corp., the company that pioneered this form of credit scoring, produces the FICO score and is offering one of the new credit scores, which it calls the FICO Expansion score. Along with other players in this rapidly expanding market, Fair Isaac hopes to attract lenders eager to expand their customer base.
"One of the problems for people who don't have good FICO scores is the collection of enough positive data to make the score an effective predictive tool," says Tena Friery, research director of the Privacy Rights Clearinghouse, a California-based consumer advocacy group. "Estimates are that 50 million consumers are affected by a lack of credit history, so this score has the potential to give people the chance to own a home who otherwise wouldn't be able to get into the market."
The various scoresBecause of Fair Isaac's status as the 800-pound gorilla in the credit scoring market, the FICO Expansion score has a built-in advantage over the other types of scores. Here's a breakdown of the different types of scores.
Types of scores

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FICO expansion score
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PRBC
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Anthem score
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eFunds
FICO Expansion score. Drawing on alternative credit data such as bank account records, payday loan payment records and installment purchase plans, Fair Isaac produces a credit score that is modeled on the traditional FICO score's 300-to-850 point range. "In developing the Expansion score, Fair Isaac analyzed anonymous alternative credit data to statistically determine what factors are most predictive of future credit performance," said Lisa Nelson, vice president of business operations for Fair Isaac in an appearance before the House Financial Services Committee in May 2006. "Factors that do not have predictive value and factors that by law cannot be used in the credit decision are excluded from consideration."
PRBC. PRBC, which stands for Payment Reporting Builds Credit, turns the traditional credit scoring model on its head, offering consumers the chance to proactively build a credit profile through tracking their payment history in such areas as rent, private mortgages, phone, utility, insurance premiums and child support payments. Consumers can sign up through AccountNow, a partner with PRBC, and arrange to have their bills paid through this service. All payments will automatically be forwarded to PRBC and be included in your credit profile. There are fees involved to enroll in the AccountNow Vantage MasterCard program, which is part of the AccountNow service.
Anthem score. Developed by First American CREDCO, which processes and distributes credit information on consumers, the Anthem score is similar to the FICO Expansion score. The Anthem score is a two-tiered score: The first score comes from First American's nontraditional credit report; the second is a numerical risk assessment score. Scoring is based on a consumer's history of paying rent, utilities, insurance and child support expenses. In building the risk score, Anthem takes into account how long a consumer has been paying bills in a timely fashion as well as what types of credit the consumer is using.
eFunds. EFunds is the parent company of the ChexSystem banking clearing house. The eFunds Debit Report provides lenders with an overview of a consumer's check-writing history, check order history, account-opening inquiries, deposit account collections and any accounts closed for fraud or abuse.
The positivesThese new forms of credit scoring are a wedge into the traditional credit market that many consumers can use to prove to lenders that they are a good credit risk. "There are many people who may be creditworthy but who don't get credit because of the limits of the traditional FICO score," says Bruce McClary of Clearpoint, a consumer credit counseling agency. "For example, many Hispanic immigrants use cash rather than credit. They save, which is very admirable, but they aren't establishing any type of credit history."
Many other consumers may be able to access credit through nontraditional scoring methods. These include recent high school or college graduates, divorcees or widows and people with some blemishes on their traditional credit report.
"These scores open up a whole new world of opportunity for people who have chosen not to access credit or who have had issues with credit," says Cate Williams, vice president for financial literacy for Money Management International, a consumer credit counseling agency.
The negativesWhile many consumers who haven't had access to credit may applaud these new scores, other consumers may rue the day that a lender relied on one of these scores if that credit isn't used wisely.
"There are problems that could arise with any system. There is always the potential for abuse where you could have predatory lenders using these scores to reach people who they would otherwise not be able to get to," says McClary.
Williams warns consumers not to be tempted into taking on more credit than they can handle. "If you get a credit card as a result of these new scoring models, ask yourself what do you need that card for," she says. "Nine out of 10 people will say it is only for emergencies, but a shoe sale or dinner out is not an emergency. Also find out what costs are involved in any loan or credit card."
As with traditional credit reports and the traditional FICO score, the newer scores are only as good as the data they are built on. Just as there can be mistakes in your credit report, inaccurate information obtained on your nontraditional payments can negatively impact your ability to get loans. "Fair Isaac is becoming a specialized consumer-reporting agency so the Expansion score will be a dispute-resolution process where you can fix problems with this score," says Friery.
Since PRBC is consumer-driven, consumers will have free access to their data once they are enrolled in this program. At this time, it's not clear what access consumers will have to eFunds Debit Reports or Anthem scores since they are so new.

Personal income growth in S.C. metros surpassed national average in 2005

By Dan McCue , Staff Writer

Personal income growth in South Carolina’s three major metropolitan areas surpassed the national average in 2005, and grew far faster than the nation’s inflation rate, according to the U.S. Bureau of Economic Analysis.

Between 2004 and 2005, personal income in the combined Charleston/North Charleston metropolitan statistical area grew 6.8%, while personal income in Columbia grew 5.3% and in Greenville 5.2%.

On average across the nation, personal income grew by 5% in 2005, down from a 6% growth rate in 2004. Three-fourths of the metropolitan areas included in the survey saw a slowdown in personal income growth during the survey period, according to the BEA.
Despite the slowdown, 2005 per capita income grew faster than inflation—2.9% as measured by the national price index for personal consumption expenditure—in nearly three-quarters of the metropolitan areas measured.

BEA analysts attributed much of the overall slowdown in income growth to the after affects of Hurricanes Katrina and Rita, which sharply reduced income growth along the Gulf Coast.

However, some communities actually benefited from the disaster with personal income increasing in Alexandria, La., and Beaumont-Port Arthur, Texas.

Elsewhere, strong per capita personal income growth was associated with growth in the military sector while weak growth was associated with the motor vehicles and parts industry.

Five metropolitan areas with an economic base dominated by the military—Hinesville-Fort Stewart, Ga; Jacksonville, Fla.; Fayetteville, N.C.; Clarksville, Tenn.; and Killeen-Temple-Fort Hood, Texas—were among the 10 fastest growing metropolitan areas in 2005.

Five metropolitan areas— Kankakee-Bradley, Ill.; Monroe, Mich.; Kokomo, Ind.; Champaign-Urbana, Ill.; and Flint, Mich.—in the Great Lakes region, where the auto industry is slumping, were among the 10 slowest growing metropolitan areas.