Myrtle Beach SkywheelIf you discuss with any contractor, REALTOR, or professional from the banking industry they will all tell you that the housing market is one of the leading catalysts for economic growth and stability.  The housing bubble that plunged our economy into a recession from which it has struggled to recover could finally see improvement in 2014 according to economists surveyed recently by CNNMoney.

The Myrtle Beach area was hard hit by the collapse of the real estate market during the last five years but the market saw 1,960 new homes sold in 2013 which was an increase of 34% over 2012.  As the spring selling season arrives, economists expect the trend to continue into 2014; in fact, Dailyfinance.com has named Myrtle Beach as one of the 5 surprising housing markets on an impressive hot streak for the upcoming year.  Driven by economic growth and a much improved employment picture, economists predict that a greater demand for housing is expected to occur.  Homebuilding generates a plethora of jobs in all sectors of the economy and the homebuilding boom that’s predicted in 2014 is sure to spark additional hiring that includes not only construction workers but also manufactures and local businesses that support this strong sector.  The housing recovery is expected to continue well into 2014 with home prices continuing to rise, sales to rise exponentially, and the foreclosure crisis to come to an end.

For the consumer, the market will be strong for your purchase of a new home during 2014.  Home values in the Greater Myrtle Beach are continuing to rise and the inventory from which you, as a buyer, can select offers you an exceptional value for your investment.  This will be the second consecutive year of a respectable recovery in the housing market which means that the timing is perfect for you to find the property that can meet and exceed your needs and present an offer before the value disappears in the competitive Myrtle Beach Real Estate market.  With interest rates still low and the inventory of properties so varied along the Grand Strand, it’s an excellent time to invest in a new or second home or add to your portfolio of rental property.

By partnering with a professional REALTOR who can help you ascertain what you can afford, offer you a property that provides good value for your investment, and work with you and your lending institution to streamline the entire process, you can take advantage of the improved market landscape in a stress-free manner.  Discussing your list of criteria for a new home with a trusted real estate expert is paramount to the satisfaction that you’ll have in the new home that you confidently purchase in Myrtle Beach.