Myrtle Beach Residential Sales Outpacing 2011

The Myrtle Beach area has experienced a welcomed month-to-month increase in residential sales activity from January through August. It is anticipated this trend will continue throughout the year due to excellent interest rates and some great bargains. It is also encouraging to see the number of sales over the 2011 figures each and every month [...]

Inside This Week’s Market News for the Week of August 20th

The economic reports last week delivered mixed news on the state of the economy. The Retail Sales number came back at 0.8%, higher than expected, while the Building Permits rose to its highest level in four years. Consumer Sentiment also managed to improve and came in higher than expected. Finally, inflation at the consumer level [...]

Myrtle Beach Real Estate Inventory Trends – August 14, 2012

For those who are considering buying some of the prime residential or condo real estate in Myrtle Beach, or maybe selling, what are the trends now that we are late into the summer months? According to the Coastal Carolina’s Association of REALTORS Service (MLS) the inventory dropped about 8 percent, to 4,417 listings, for single-family homes, and a 12 [...]

Inside This Weeks Market News for March 5, 2012

Last week, the Fed Chairman Ben Bernanke gave his semi-annual testimony in front of the House Financial Services Committee. He provided his view of the economy, the labor market and housing marketing, essentially providing the same message we have heard before — conditions remain sluggish, uneven and fragile. However, the biggest news was that he [...]

Inside This Week’s Market News for Week of February 28, 2012

This week’s market news begins at the gas pump which has not been very friendly as of late. However there was a glimmer of good news on Friday where Consumer Sentiment rose to 75.3, which is the best it’s been since about one year ago.  As oil prices rise, consumers are becoming more cautious with their [...]

Inside This Week’s Market News for Week of February 6, 2012

This week only two economic reports are scheduled to be released: Jobless Claims on Thursday and Consumer Sentiment Index (UoM) on Friday.  In addition to these two reports the Treasury will sell a total of $72 Billion in Notes and Bonds this week. If last week is any indication of the trend continuing in market [...]

Inside This Week’s Market News for Week of January 30, 2012

  This past Wednesday we heard the message regarding interest rates come directly from Federal Reserve Chairman, Ben S. Bernanke at a news conference in Washington (see video). Listening to his message tells us the Fed thinks the economy will just trudge along, and accommodative monetary policy will be required to keep the economy growing [...]

Inside This Week’s Market News for Week of January 2, 2012

Amidst all the uncertainty in our world that rings in this new year, the only constant we can count on is — change. And we certainly have experienced lots of changes in 2011. Whatever lies ahead for this year, 2012 begins with home loan rates at historic lows, which makes it a great time to [...]