myrtle beach foreclosures: Myrtle Beach Real Estate Update: CNN calls the area "Foreclosure Hotspot" - 02/08/11 11:26 AM
Do you believe it? Is it the end as we know it for Myrtle Beach real estate? What does that mean to us? Are we in bad shape in this area compared to the rest of the country? Maybe our building spurts 5-8 years ago taught us a lesson? Too many properties to go around? Am I being too dramatic?
Maybe.
The CNN article on Myrtle Beach says we had a 44% increase in foreclosures in 2010. (After a 446% increase in 2009.) I'm no math wiz, but that is a fairly large number. It attributes the increase to the recession. Makes sense. Recession = … (1 comments)
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myrtle beach foreclosures: Just some info on Myrtle Beach foreclosures - 03/31/10 03:50 PM
Like much of the country, Myrtle Beach, SC has had an unpredictable housing market over the past few years. Prices in that city swelled to all-time highs in 2005 and 2006, but eventually fell off considerably in 2008 and 2009. Due to the many luxury beachside residences in Myrtle Beach, the housing prices were even more affected. While the median housing price in Myrtle Beach in 2004 was just about $150,000, the price swelled to nearly $250,000 by the end of 2006. Since then, the median housing price in Myrtle Beach has fallen back to around $150,000. While housing prices across … (1 comments)
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myrtle beach foreclosures: Myrtle Beach Real Estate: Are we still saying the F-word? - 06/11/09 03:51 PM
Is now the time to buy in Myrtle Beach? What about two weeks ago? What about next month? When IS the right time to buy? When are we going to stop saying the "F-word"?It depends.There has been a sales burst recently in Myrtle Beach. Will it continue? Who knows. But there are some excellent deals being made right now in the Myrtle Beach real estate market. Deals that probably won't come around again for quite some time. (Talking decades here.) Think about it. The sellers really want OUT. They keep lowering their prices and taking less and less for their condo … (1 comments)
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