Beach Scoop - October 31, 2007

nospam@example.com (David Willis) — Wed, 31 Oct 2007 08:32:07 -0700

Click here for this week's analysis update.

As you can see from the graphs, the closings were down from last year which could be caused from the negative outlook that the media portrays, or this could be from the mortgage problems that started showing up just a short while ago. There has been something in the paper everyday on how much the mortgage companies and the banks are writing off which has scared so many possible buyers, right out of the market. Donald Trump was recently interviewed by Larry King and when asked what he thought of the current real estate market he stated: "It's an amazing situation. There are tremendous opportunities. You know what's interesting; I was begging people not to buy real estate two years ago. And everybody was interested in buying. And now they are less interested, and this is the time they should be going out -- not buying, negotiating to buy. This is the time!" This information was obtained from the October 15, 2007 interview on CNN. Click here to view the clip or click here to view the transcript.

There are some great buys today in the Myrtle Beach real estate market, and they will only last a short time. If people continue waiting for the properties to go down in price they could miss a golden opportunity. The Money section of the Sun News had some interesting facts about Myrtle Beach last week. It was labeled Better Times coming in '08. I have outlined some of the positive news below:

	Employment	Tourism	Retail

2006	+ 6%	+ 5.0 %	+ 10.4%
2007	+ 4.1%	+ 3.3 %	+ 2.4%
2008	+ 4.6%	+ 4.0 %	+ 5.4%

We have a lot of positive things happening in our market and we feel we live in Paradise. If we can help you with anything at the beach, give us a call, we would be glad to help.

Have a great Week!

Myrtle Beach Real Estate - Beach Scoop

Beach Scoop - October 31, 2007