A new post was just published on the AOL web site about the state of the housing market in the US. Most economist believe that a housing price recovery will not take this year. Home prices are down in many areas by as much as 50% since 2006. However a news post from "24/7 Wall Street" listed 10 areas this year that they believe will increase in price. Tied for ninth place was the Myrtle beach area. Here is a quote from the article.
Tied for 9th. Myrtle Beach-Conway, South Carolina
> Projected Price Increase Through 2011: +3.4%
> Unemployment Rate: 11.1%
> Median Family Income: $50,500
> Vacancy Rate: 39.7%
> Drop From Peak: -32%
The Myrtle Beach-Conway region thrives on tourism. The ...Read Full Post →