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Friday, 18 January 2008 |
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MYRTLE BEACH -- The Myrtle Beach area saw the state's biggest percentage drop in home sales in 2007, according to the S.C. Association of Realtors. Home sales fell about 30 percent from 11,027 to 7,810 last year compared with 2006. The data captures about 80 percent of the home listings in Horry and Georgetown counties. Local houses and condos spent the longest time on the market. They averaged 219 days on the market before the buyer closed.
Read more at The (Myrtle Beach) Sun News...
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Friday, 18 January 2008 |
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NORTH MYRTLE BEACH --Developers of the failed Bahama Island and Crystal Palace condominium projects here say they fell for a financier's story about foreign bonds because they didn't fully understand how the purported global banking transactions worked. Tommy Hix and Jeff Shoup, partners in T&J Development of North Myrtle Beach, say they gave Duwayne Woods $5.7 million in buyers' deposits because Woods said his Atlewa Trust company could finance construction of the condos through a foreign bond.
Read more at The (Myrtle Beach) Sun News...
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Thursday, 17 January 2008 |
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COLUMBIA -- The housing bust that has plagued the nation and the S.C. coast for more than a year has made its way to the Midlands. The Columbia area had its first annual decline in home sales since 2000 with a 2.4 percent dip last year, the S.C. Association of Realtors reported Wednesday. Homes are staying on the market a week longer than in 2006, an average of 85 days.
Read more at The (Columbia) State...
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Wednesday, 16 January 2008 |
MYRTLE BEACH -- People trying to sell homes in the $150,000 to $250,000 price range are facing the harshest competition on the Grand Strand. That price bracket has the most inventory on the market, with 1,942 single-family homes and 2,676 condos listed, according to the year-end report from the Coastal Carolinas Association of Realtors' listing service. The service catches about 80 percent of the listings in Horry and Georgetown counties.
Read more at The (Myrtle Beach) Sun News...
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Sunday, 13 January 2008 |
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MYRTLE BEACH -- When there's blood in the streets, start buying. It's an adage that Myrtle Beach real estate investor Jeremy Finger lives by, and he thinks today's market gives him the perfect chance to apply it. As a housing bust reverberates through the nation, falling home sales and rising foreclosures have flooded the market with inventory and made it a buyer's market. On the Grand Strand, some sellers have slashed prices by $5,000, $10,000 -- even $60,000.
Read more at The (Myrtle Beach) Sun News...
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