Is That A Light At The End Of The Tunnel?

By
Real Estate Agent with Price & Company Realty
The Myrtle Beach real estate market may appear to be at the bottom of a hole, but Builder magazine (the trade journal of the home building industry) expects our market to dig its way out this year and begin its climb back to the top.

Builder magazine ranked Myrtle Beach among the top 20 “healthiest housing markets for 2010,” highlighting the area’s continued influx of new residents and a recent increase in building permits. Myrtle Beach’s appeal and the pent up demand to move to the area persists despite the tough economic times, according to Fred Coyne, President of the Horry-Georgetown Home Builders Association.

We've seen many local builders, including Chicora, Centex, DRHorton and Lennar all ratchet up construction activity during the first two months of 2010 in anticipation of the rebound. They're competing with short sales and foreclosures, but they've done a great job of narrowing the gap.

You can read the article here or search Myrtle Beach homes, condos and land here.

Comments (2)

Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Sorry to hear about Myrtle Beach...been there once. Every market is not in the toilet though!

Mar 10, 2010 11:55 AM
Jared Hokanson
Hokanson Realty & Jared Realty Group - Medford, OR
Your Home Sold, GUARANTEED!*

Glad to hear there is some good news and new construction on the horizon, I've heard wonderful things about Myrtle Beach.  We are starting to see an increase of building activity here in Oregon as well.

Mar 10, 2010 12:11 PM