Nancy M. Lee
Sunday, February 2, 2014
2014 Local economic forecast!
Prices of homes rose 4% in 2013 and sales numbers increased 21% for the entire Coastal Carolina Association of Realtors coverage area. That area includes Horry an Georgetown counties. We expect 2014 to jump even more in 2014! As with so many other resort areas in 2007, the housing bubble burst and the following 5 years felt devastating to many homeowners and investors. Today, we see increased housing starts, a shortage of available products, and investors pinpointing Myrtle Beach and the entire Grand Strand area as the target market. One investor magazine that I read this week puts Myrtle Beach as the # 1 region for investors to consider! It is time to buy, the tides of real estate are turning in 2014!!
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