I've been working in Real Estate for years, and was here in Myrtle Beach to witness the boom in 2005, as well as the steady downward spiral which occured in 2007.  In our local real estate market, I have seen the prices finally hit bottom this year.  Beginning in January and February, some of the national builders steadily stopped dropping their prices in our area, and this Spring most of the big guys have stopped negotiating and have bottomed out their pricing.  I have even sold a few ocean front condos recently that are cash flowing.  My friends in the business and I have noticed how it seems that our market has finally begun to settle. 
 
Nationally, the same trend is occuring.  After months and months of headlines declaring the gloom and doom of real estate, the Wall Street Journal published an article on May 6, proclaiming "The Housing Crisis is Over".   While the article does state that housing prices will not be returning to those experienced in 2005 for many years to come, the important fact is that the current downward trend is over!

For more information about Myrtle Beach Real Estate contact me today!