Is That A Light At The End Of The Tunnel?

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.