Recent Listing at Weichert Realtors Southern Coast
Call 843-280-4445 for more details on this property.
Looking for a condominium?
If you are considering a condominium anywhere in the Carolina Forest Area, this Windsor Park, townhouse-style condominium is a must see! This ground-floor, two-story unit has a first floor master and a total of three bedrooms and three and a half bathrooms. Large private garage, walk-in attic, ground-level screened porch and desisgner upgrades! Neighborhood clubhouse and pool and Oceanfront Beach access are all part of the package.
MLS# 1116991 205 Threshing Way
If you are interested in the property or any other Real Estate In Myrtle Beach, please feel free to Call one of the Associates with Weichert Realtors Southern Coast at 843-280-4445.
JUST LISTED in Magnolia North-Myrtle Beach, SC
4870 Dahlia Ct 19-203
MLS# 1114180
This spacious one bedroom condo offers a fully equipped kitchen and plenty of room for six people to enjoy the meal. The unit comes fully furnished with a"swing king" bed and sleeper sofa to sleep up to four people. You can sit in the living room and look out to the pool.
If you would like to see this property, or any other real estate in Myrtle Beach, please feel free to call us at 843-280-4445 or 843-903-4443.
You can also visit our website for more details on this property by clicking HERE.
Despite Fears, Owning Home Retains Allure, Poll Shows
By DAVID STREITFELDand MEGAN THEE-BRENAN
Owning a house remains central to Americans’ sense of well-being, even as many doubt their home is a good investment after a punishing recession.
Nearly nine in 10 Americans say homeownership is an important part of the American dream, according to the latest New York Times/CBS News poll. And they are keen on making sure it stays that way, for themselves and everyone else.
Support for helping people in financial distress over housing is higher than support for helping those without a job for many months.
Forty-five percent of the respondents say the government should be doing more to improve the housing market, while 16 percent say it should be doing less. On the politically contentious issue of direct financial assistance to those having trouble paying their mortgages, slightly more than half of those polled, 53 percent, say the government should help. And almost no one favors discontinuing the mortgage tax deduction, a prized middle-class benefit that has been featured on some budget-cutting proposals.
President Obama, who has been criticized for both doing too much to help the housing market and for not doing enough, was given poor marks. Only 36 percent of those polled approve of what Mr. Obama has done, while 45 percent disapprove.
In assessing blame for the housing crash, people are increasingly seeing financial institutions as the central culprit. Amid the swirl of recent disclosures about banks following improper and illegal procedures in pursuing foreclosures, 42 percent blame lenders, while 29 percent blame regulators. When the question was asked in early 2008, as the crisis was still building, the numbers were reversed, with 40 percent blaming regulators and 28 percent blaming lenders. Only a handful of respondents at either moment blamed the borrowers themselves for taking loans they could not afford.
“I believe the financial institutions willingly and knowingly allowed people to apply and receive credit at a rate higher than they could afford and this has degraded our economy,” said Steven Goode, an environmental health manager in Las Vegas, in a follow-up interview.
Making an offer for a house, something often done in past generations with little apprehension, is now riddled with worry. Only 49 percent call it a safe investment, while 45 percent feel it is risky. In a market where prices are consistently dropping, there is no easy exit.
“For the average person, it might not be a good idea today to buy,” said another respondent, Beth Lovcy of Troutdale, Ore., who bought a year ago. The value has already shrunk, but Mrs. Lovcy is unfazed. “It works out better financially than renting now because we can claim the interest on the mortgage.”
As the housing market slumped over the last few years with a speed and magnitude not seen since the Great Depression, aspects of homeownership have been debated as never before. There are tough questions about the role the government should take. These include how much of a down payment lenders should demand, whether lenders should be restrictive or expansive in granting new loans, how much assistance to give those on the verge of foreclosure, and whether real estate will ever again be the retirement savings vehicle it once was.
While the debate has been loud, there was little evidence of people’s views that went beyond the anecdotal. This poll offers a window onto widespread opinions at a critical juncture.
Before the crash, housing was widely deemed one of the safest possible investments. Few experts thought there was the possibility of a nationwide downturn. But after it happened, the effects were widespread and painful.
Diane Sherrell, a substitute teacher in North Carolina who retired on disability, traded up to a bigger house four years ago to accommodate an adopted son. “It’s been very difficult since then and we’re barely making it,” she said.
Half of those surveyed say the market’s continuing downward spiral has affected their long-term plans. One in five people say the crisis has prevented them from moving to another city or taking a different job. Nearly one-quarter of homeowners say their home is now worth less than what they owe on their mortgage, a condition known as being underwater. Families in this predicament are much more prone to foreclosure if they suffer job losses or other setbacks.
Over all, people are bleaker about the economic outlook than those surveyed in October. While most still think the current downturn is temporary, those saying it is permanent rose to 39 percent, up from 28 percent.
In the last two years, the stock market has recovered strongly while house prices have gone sideways at best. Yet those polled dismissed stocks as a long-term savings vehicle in favor of a savings or money market account (22 percent), a house (26 percent) or a 401(k) or individual retirement account (41 percent).
Who should be helped to buy is another contentious issue. Whether buyers need to come up with a 20 percent down payment — the standard for decades, but beyond the reach of many families now — is hotly debated. Fifty-eight percent of respondents say lenders should require this, while 36 percent say they should not.
People who cannot pay their mortgage are foreclosed upon. If they can pay but feel that doing so is pointless on a property that has lost so much of its value, it is called strategic default. While two-thirds of Americans say strategic default is not justified, 28 percent think that it is.
When houses are abandoned for any reason, it causes trouble for the neighbors. Three-quarters of those surveyed say foreclosures are a problem in their communities.
“Our home is worth much less now because houses are foreclosing around us,” said William Mack, an assembly line worker in Taylor, Mich.
Beyond all these ills, however, a persistent belief endures that the market will eventually improve and housing will regain its traditional importance.
Donna Boyd, a transportation supervisor in Cuyahoga Falls, Ohio, acknowledged “it might take a long time” for property values to go back up.
“But I don’t think I’m throwing my money away,” she said in a follow-up interview. “I rented for years when I was younger, and I just don’t like the idea of putting money in someone else’s pocket for something I will never own.”
The nationwide telephone poll was conducted June 24-28 with 979 adults and has a margin of sampling error of plus or minus three percentage points for all adults.
New Listing-Waterway Village
Call 843-903-4443 or 843-280-4445 for more information on this or any other listing.
Newly Listed condo in Carolinian Beach Resort
Check out this new listing at Weichert Realtors Southern Coast!
Enjoy owning a piece of the beach at the Carolinian Beach Resort. This fully-furnished 2BD/2BA oceanfront condo sleeps 10! With over 1051 heated sq. ft., this is one of the largest two bedroom condos on the beach. Balcony access from the living room and the master bedroom with incredible views of the ocean from this 18th floor condo! Newer flat screen TV's throughout. Living room & dining area open to the kitchen. Kitchen with full range/oven, microwave, dishwasher, full-size refrigerator, and breakfast bar. Two full beds in each bedroom. Spacious bathrooms. Washer/dryer in the unit. The resort features indoor and outdoor pool & hot tub plus a lazy river, and conveniently located to all that Myrtle Beach offers. Solid rental history with great numbers in 2010. HOA includes all utilities. Seller offering 1-year home warranty.
Contact Weichert Realtors Southern Coast for more information. (843) 903-4443 or (843) 280-4445
This Weekend's Weichert Realtors Southern Coast Open Houses
Myrtle Beach Area Open Houses
Whether you're a Colts fan, a Saints fan or just a fan of football, you probably already know what you're doing next weekend. But how about this Saturday and Sunday? Take advantage of the football-free weekend and find the home you've been searching for. From golf community condo to a quiet southern style home in Briarcliffe Acres you're sure to find something to your liking.
For a full list of our open houses, click here. Weichert, Realtors Southern Coast specializes in real estate in Myrtle Beach, North Myrtle Beach real estate and other surrounding communites.
Market Movoment - An up-to-the-minute communication for the Weichert sales team
Two encouraging bits of real estate news brightened my morning today.
First, pending home sales, based on contracts signed in August, jumped unexpectedly to the highest level since June 2007. According to Lawrence Yun, chief economist for the National Association of Realtors, this improvement was a result of improved affordability and lower interest rates.
In addition, the Mortgage Bankers Association reported that mortgage applications increased 2.2 percent last week due to lower home loan rates.
More pending home sales and loan applications mean more closed business. Paired with the expectation of freer credit moving forward and the $7,500 buyer tax credit, this is all promising news for the real estate industry.
"It pays to ask" and it also pays to tell. Pick up the phone and share this news with your prospects and clients. Let them know that now is the time to buy.
Let's move this market,
The sky in NOT FALLING!
Credit Update!
Do not believe everything you hear on the NEWS! You are witnessing a POLITICAL tug of war right now.
I have had several of my business partners (Agents) call and ask me if it is getting harder to lend money…here is the bottom-line, you can pass this information off to your clients & prospects if you wish.
FHA is financing 97% of the purchase price. SunTrust is STILL financing 95% second home. The Mortgage Insurance companies have put higher credit score requirements in place, but the biggest challenge would be on 2nd home and investor properties with most of what I have been seeing for second homes credit scores being over 680…NO PROBLEM… otherwise we FHA for lower scores on primary home, and get a better rate anyway.
THE SKY IS NOT FALLING!
- USDA & VA is lending 100%. For information on Rural Development, feel free to call me. You will be surprised to know how much of our area qualifies for that product.
- Fannie & Freddie…Like I said, we still do 95% financing on both Primary & Second home
- Jumbo Money…Still available and strong.
I saw a report the other day that showed that the national sale price had only dropped 2.2% over the last couple months. (CNBC) That is great news, and shows a potential bottom.
courtesy of ed bucchino
