Myrtle Beach is getting a famous show to come to our area once again… everyone wants to be here. The show is filming in Horry County for the 2nd time. On Tuesday, the producers and the lead builders got together for a community rally at Coastal Carolina University. The lead builder is Sterling Homes. As of Tuesday they said they had about 90% of volunteers and of materials they needed. So there is still more time to make a difference and to join in what promises to be an exciting event. We look forward to getting my hands dirty and helping a deserving family in the area, and who knows you might even see my face on a TV near you very soon.
:: :: :: :: :: :: :: :: :: :: ::

10 Things to know about Real Estate in 2010
Some information from yahoo.com

1. Prices to bottom. We all know the market has been rocky. We have seen home prices drop and markets drop. This might be the year where we find bottom and start to work our way back up.

2. Mortgage Delinquencies. 1 in 7 Americans were behind on their mortgage and 1 in 4 Americans owed more on their mortgages than their home was currently valued at. Look for these numbers to continue to rise.

3. Foreclosure sales will increase. We have seen a ton of foreclosed properties in the Myrtle Beach are. Look for the number to increase in the next few months. Buyers and Sellers both needs to be aware of this and price their home and make offers according.

4. Mortgage rates will rise. We have enjoyed some reasonable rates in the fall and winter of 2009. Rates could go up in part to the expiration of a program where the federal government took over Freddie Mac and Fannie Mae.

5. Buyers market Remains. Now is the time to buy. There are so many reasons to buy, from great prices, to building long term wealth, and of course finding your dream home.

6. 6. Modification plan could be modified :This plan set around 700,000 people into temporary mortgages and has only found permanent solutions for around 31,000. This program also does not take into account factors such as negative equity. Look for this program to be restricted during 2010.

7. FHA loan standards could get stricter. This would effect first time home buyers. Currently buyers that qualify only have to pay 3.5% down.

8. The first time home buyer tax credit has been extended. Buyers need to take advantage of this while it last. You get an $8,000 tax credit for your first home purchase. Great for new furniture, mortgage payments, or savings.

9. Markets will vary a great deal by region. This is nothing new markets will always vary. That’s why now more than ever it is important to find a professional agent to help navigate the market where you are looking to purchase your next property.

10. Technology is more important than ever in your search for property. It is important that agents and clients a like stay on top of the latest trends and learn to use them to the best of their ability.

:: :: :: :: :: :: :: :: :: :: ::