It’s that time of year again in Myrtle Beach! Motorcycles are heading out from Bike Week and we are revving up for Memorial Weekend, kids are chasing ice-cream trucks, and beachfront hotels are booking up! Everything is alive in Myrtle Beach!
According to MSNBC, mortgage rates have continued to decline over the past four years. In the past week rates hit their record low of 4.93%! That is down nearly 1% in the past week alone. With sales up and mortgage rates down, the perfect time to buy is now!
Even though the media is constantly reporting that we are in a financial crisis and the housing market is down, Myrtle Beach numbers prove otherwise. We wanted to bring you up to date for April 2010, on Horry and Georgetown County as reported through the CCAR MLS as of May 19, 2010.
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April 2009 | April 2010 | % of Increase/decrease |
| Land | 29 | 65 | +124.14% |
| Residential | 228 | 362 | +58.77% |
| Condominiums | 225 | 304 | +35.11% |
With all residential, condominium, and land sales up, Now Is the Time To Buy! May is the time for new growth and new beginnings. The flowers are blooming and the sun is shining! Numerous festivities are happening all around us! There is always something happening in town! Just as we see a pickup in house sells, we are seeing a pickup in pace!!!
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