Today's Real Estate News
The Myrtle Beach Real Estate Market In 2010 Is Primarily Baby Boomers Retiring
Myrtle Beach area - Summer of 2010 has been hot both in weather and real estate as those nearing retirement have decided it is time to take advantage of home prices that were seen in 2003. Yes that is right, real estate can be found in the Myrtle Beach area for less then we saw before the real estate "boom" began.
Spring of 2010 began with a slow but steady stream of home buyers. The first-time home buyer and the primary residence replacement tax credits helped in some areas but not as much around Myrtle Beach. Spring also brought buyers to the Myrtle Beach area who had been snowed-in during most of the winter and they want to buy, but sit on the fence. Purchases of real estate will no longer qualify for either tax credit but lower real estate prices may be to your advantage.
November 2009 - Home Sales Higher Then Expected For October
From an article in Money magazine existing home sales were up 10.1% in October 2009 based on a report by the National Association of Realtors and new home sales were 6.2% higher in October 2009 compared to September 2009. Yes, the credit for First-Time Home Buyers contributed to the higher then expected increase but the key word is contributed. Many potential real estate buyers who had been sitting on the fence finally made the move.