This week marks the 10 year anniversary of the opening of the Hard Rock Theme Park in Myrtle Beach SC. The Hard Rock Park was going to be a music based theme park in Myrtle Beach that was promoted as the next Disneyland or Universal Studios for Myrtle Beach and all I can say is, "what a long strange trip it's been".
The Hard Rock Theme Park was going to have rides like the ever popular Led Zeppelin roller coaster. Local Myrtle Beach Real Estate Agents were telling tales of Myrtle Beach Real Estate prices doubling because of the added volume of visitors and business. Well even if we could take a ride in the imaginary time machine and explained to everyone how timing in life is everything it still would not have saved the Hard Rock Theme Park.
Myrtle Beach is a popular family destination with free beaches and affordable prices. Family Kingdom is a local amusement park that offers all day ride with the purchase of a wrist band for around $20.00 a day. Also parents who do not go on rides can accompany the kids in Family Kingdom for free. The Hard Rock Park used to charge anyone entering the Park a hefty fee just for entering the Park, even if they do not use the rides.
Today I ride by the location of the old Hard Rock theme Park and see the parking lot overgrown with grass and the vacant space that used to hold the "future of Myrtle Beach". It's sad to think of all the million of dollars lost on this dream and ride by the every day reminder of what might have been.
Real Estate prices in Myrtle Beach never doubled but the Real Estate Market is doing well. New attraction rallies and sporting events to the Myrtle Beach area are opening in Myrtle Beach with creative business plans and are helping the Myrtle Beach area thrive.
If you are looking to Move to the Myrtle Beach area Call 843 REALTOR Toll Free 888-935-8862 and speak with a Myrtle Beach Real Estate Agent. You can also view the Myrtle Beach Free MLS Search at www.843realtor.com
Homes for sale in Carolina Forest Myrtle Beach SC
Homes for sale in Grande Dunes Myrtle Beach SC
Homes for sale in Market Commons Myrtle Beach SC
Myrtle Beach State Park is located just off the South end of Ocean Blvd. Myrtle Beach State Park is directly on the ocean and this week the Park had a visit off the beach from a pair of Humpback Whales. The Whales spotted by Park Rangers off the Myrtle Beach State Park Pier. The Whales stayed off the coastline for over an hour.
Myrtle Beach State Park has 204 camping sites for local visitors and 66 of those sites have electric and water hookups. Myrtle Beach State Park offers free Nature Programs for Park visitors. April 3rd The Park offers the "Tale of the Whale"Program. You can find out more about how whales eat, hear what whales sound like, discover how large they are, and what kinds of marine mammals are found off the South Carolina coast. Appropriate for ages 5 to 105.
Myrtle Beach State Park is another reason future home buyers come to Myrtle Beach SC. The Myrtle Beach State Park has converted many visitors into residents.
If you are looking to Buy a Home For Sale in Myrtle Beach SC visit our Myrtle Beach Real Estate website www.843realtor.com or call Toll Free 888-935-8862 and speak with our Myrtle Beach REALTORS.
Oceanfront homes for sale in Myrtle Beach SC
As most people are probably aware the Federal Reserve has increased interest rates today. The interest rates raised from 1.5% to 1.75% and that is the highest level since 2008.
The interest rate change is the 1st major move under the new Chairman of the Board of Governor's of the Federal Reserves Jermone Powell. The new statements from the Federal Reserves implies the market to expect 2 or 3 more rate hikes in 2018. The Federal Reserves is expecting unemployment rates to drop this year between 3.8% to 3.6% and the GOP tax cuts to further boost the economy.
The Federal Reserve interest rate of 1.75% is the money the Federal Reserve lends to banks and not the interest rates that borrowers receive.
From what I have seen today the interest rate from lenders remained unchanged to the consumers on a 30 year Mortgage since larger banks already factored in the expected increase from the Federal Reserve. You can expect to see interest rates on the rise over the next few months to anticipate the other rate hikes the Federal Reserves says it will make this year.
Today's DOW stock market was down as much as 430 points on this and other news.
As Real Estate Agents we will all be watching the moves from the Federal Reserve this year and advise our buyers and sellers about the extra cost to purchase a home. While interest rates are overall extremely low home-buyers have been spoiled with interest rates ranging from 3.5 to 4.25 for a few years. Veterans of the real estate market can remember interest rates much higher over the years.
If you are looking to buy or sell a home in Myrtle Beach SC give one of our Myrtle Beach Real Estate Agents a call Toll Free 888-935-8862 or visit us on the web www.843realtor.com 843, REALTOR Sell Real Estate in North Myrtle Beach, Conway, Murrells Inlet, Surfside Beach, Longs, Garden City Beach, Loris, Little River, Cherry Grove, Carolina Forest, Forestbrook, Prince Creek and more.
Spring is in Myrtle Beach SC. Yes, today is the 1st day of Spring but when I look around the Country it does not appear so. Myrtle Beach also felt like it had a colder than normal Winter and only recently did we have a few 70 degree days. Honestly by now we typically have flowers in bloom on the blueberry bushes but I only have buds. Other States around the Country might find it hard for me to complain about the start of Spring weather when they will be receiving snow this week.
I am often asked when is the busy Season for Myrtle Beach Real Estate. I have not found one time of the year busier than another. Myrtle Beach does offer Oceanfront Condos for sale that buyers will purchase and place on a rental programs during the busy tourist summer months but Myrtle Beach Real Estate offers much more for Real Estate Buyers.
Myrtle Beach has always been considered the Golf Capital of the US. Real Estate buyers in Myrtle Beach are also offered condos for sale on the golf Courses. Some of these Golf Course Condos can also be placed on a short term rental programs so homeowners can use the property when they vacation to the area and also generate some income when not using the condo.
In the Months of December, January and February we typical have visitors from Canada and other colder regions of the world. The travelers can either enjoy the rentals the area has to offer or purchase a seasonal property to use during the off season and rent during the prime time tourist season.
Retirees will also come to our area and look to purchase a home and commit to moving into the area full time when the tourist leave the area and hotel price drop. This is usually during September, October and November.
Spring is just another season for Myrtle Beach Real Estate but it is the Season that typically gets people out of there houses in the Northern part of the Country.
If you are looking to purchase a home for sale in Myrtle Beach SC Contact one of our Myrtle Beach REALTOR's, visit our Myrtle Beach MLS website www.843realtor.com or call Toll Free 888-935-8862
Homes for sale in Myrtle Beach SC
Summer is almost here and a clear sign of that is Family Kingdom Amusement Park is opening March 24th. Family Kingdom Splashes Water Park does not open until May 26th but we still have the amusement rides opening soon.
Since the Myrtle Beach Pavilion closed up a few years ago the best game in town is Family Kingdom. Family Kingdom is 2nd row to the Ocean with amusement rides and directly on the Ocean for the Water Park.
Amusement Park All Day Unlimited Ride Wristband Adults and Children – $27.95 (plus tax) Add All Day Water Park Pass – Only $9.95 (plus tax) More
Splashes Water Park Only All Day Unlimited Ride Wristband Adults and Children – $19.95 (plus tax) Children under 2 years of age ride free at Water Park with paying adult.
Family Kingdom also offer Birthday Party group discounts.
Family Kingdom is located just off 3rd ave South and Ocean Blvd in Myrtle Beach SC.
Family Kingdom is another way Myrtle Beach brings real estate buyers to the area. Tourist visiting the Myrtle Beach area for the 1st time see all the area has to offer and consider the real estate makert after having such a great time.
If you are interested in buying Myrtle Beach Real Estate you can view the Myrtle Beach MLS Listings and homes for sale in Myrtle Beach SC at www.843realtor.com or call Toll Free 888-935-8862
Homes for sale in North Myrtle Beach SC
Homes for sale in Myrtle Beach SC with Natural Gas Communities This past winter was a cold one for homes in Horry County SC. While winter seemed like it would never end on some of those cold nights it was good to get back into the 70 degrees a few days in February. Some home buyers that relocated to the Myrtle Beach SC area are preferring to purchase homes that heat the home with Natural Gas as apposed to an electric heat pump. The Myrtle Beach Real Estate does offer Natural Gas communities for these home buyers. Natural Gas is relatively new to our area and most of the new homes communities in Myrtle Beach SC do offer Natural gas. Natural Gas is something many home buyers that from northern states have taken for granted with cooking, gas dryers, hot water and heat. Myrtle Beach Residents now using Natural Gas heat can see the difference on those cold nights with a warmer home and less expensive heat bill.
If you are looking to buy a home in Myrtle Beach and would like to see homes for sale with Natural Gas contact one of our Myrtle Beach Buyers Agents toll free 888-935-8862.
Our Real Estate Agents sell homes in Myrtle Beach, North Myrtle Beach, Murrells Inlet, Longs, Conway, Little River, Surfside Beach and can find you a Natural Gas Community in a neighborhood that's just right for you. myrtle beach real estate https://843realtor.com/Market-Commons-Homes-For-Sale.html
https://843realtor.com/Carolina-Forest-Real-Estate.html
https://843realtor.com/Clear-Pond-at-Myrtle-Beach-National.html
https://843realtor.com/Prince-Creek-Murrells-Inlet-Real-Estate.html
For the past few years the home buyers in Myrtle Beach SC have been spoiled with historically low interest rates. 3.5% for a 30 year fixed rate mortgage is historically a low marker in time. A recent closing received 4.125 for a fixed rate 30 year. I see the new interest rate sheet showing 4.5% for a 30 year fixed rate loan.
Recent housing reports show housing starts was encouraging. In January, single-family housing starts rose 4% from December. They were 8% higher than a year ago. A lack of inventory has been holding back home sales in many regions, so it's appears that home builders are picking up the pace of construction.
With everything going on in today's global markets the interest rates are expected to go higher causing home buyers to spend a little more in order to purchase a home.
People planning on purchasing a home for retirement are considering taking the lower interest rates on a 30 year mortgage and investing the money they have from the sale on their primary home. As interest rates continue to rise this trend may slowly be reduced.
A good part of the home buying process in the Myrtle Beach area over the past few years has been 1st time home buyers. These 1st time home buyers used to rent a home for $950 a month and were able to qualify for a loan and now purchase a home. Many of the 1st time buyers were able to own a house for what rent used to cost. The VA loans seem to have some of the best interest rates available to real estate buyers. The VA loans can offer people with credit scores in the 600's.
If you are a Veteran this can be a great opportunity for you to take advantage of this benefit. Homes for sale in Myrtle Beach SC and Myrtle Beach Real Estate homes for sale in Myrtle Beach SC https://843realtor.com/Carolina-Forest-Real-Estate.html https://843realtor.com/Market-Commons-Homes-For-Sale.html
https://843realtor.com/Prince-Creek-Murrells-Inlet-Real-Estate.html
https://843realtor.com/Homes-for-Sale-in-Myrtle-Beach-SC.html
|
|
|
|||||||