Myrtle Beach Homes for Sale: The Future of Foreclosures, Short Sales, and The Overall Industry

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Homes for Sale in North Myrtle Beach, SC is seeing a resurgence since 2002. With short sales, foreclosures, and lower interest rates, the secret may not stay secret for long. Better Homes and Gardens Real Estate Elliott Coastal Living is here to help.

Are Myrtle Beach Homes For Sale safe?

Anyone who has dealt with the housing market the last decade has witnessed quite an array of fluctuation. In Myrtle Beach,SC Homes For Sale, Short Sales, Foreclosures and the Condo market has all seen a wave of uncertainty sweep across the region since 2002. Better Homes and Gardens Real Estate Elliott Coastal Living has over 50 years of Real Estate expertise in the Grand Strand Region and knows the ins and outs of today's ever-expanding home-buying process.

Today, in the wake of new government housing regulations, home buying across America has once again become viable. In a Bloomberg News article, a 30-year fixed mortgage rate is now one of the lowest it has ever been at 4.39%. Homes for sale in Myrtle Beach, SC has recently witnessed a wide array of options made available for perspective home-buyers. From foreclosures to short sales, it seems that the secret is out on how to buy a Myrtle or North Myrtle Beach Home for cheap.

Myrtle Beach,SC has always been one of the premier destinations for vacationers and retirees alike. Rated as one of the top ten hottest vacation real estate markets, Myrtle Beach continues to be an affordable community to live in. Contrary to other east coast beach destinations, Myrtle Beach remains a one day drive from many populated eastern cities.

Amongst recent economical hardships, many in search of Myrtle Beach Homes For Sale have inquired about Myrtle Beach short sales. In an AOL News article, short sales aren't always exactly short. Many wait 3 to 6 months before all the necessary paperwork (and trust me it's a lot) has cleared.

While Short Sales in Myrtle Beach may not be the timeliest way to puchase, others are looking at purchasing a foreclosure. Foreclosures in Myrtle Beach, SC may be the best option for buying a great home at a spectacular price. However, recent regulations set to pass this month indicate that many of these homes may qualify for refinancing.

Ultimately, the future of Myrtle Beach Real Estate seems pretty stable. While we all felt a crunch these last few years one thing remains the same: Myrtle Beach will continue to be a permanent retirement destination as well as a perfect family destination for years to come.


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