The Willis Journal - Information on Real Estate Sales and Real Estate for Sale

MYRTLE BEACH REAL ESTATE ANALYSIS

Myrtle Beach Real Estate

Now is the time to Buy Property here at the Beach

The number of Households are expected to grow 15% over the next decade

Look at the wealthy people in the US, quite a few of them made it through Real Estate

We have several major events happening in our area:

	The Hard Rock Theme Park

	Market Commons

	We hope the airport will be expanded in the near future

	The main Street connector

	I-73

	We are the #1 Golf Destination

	We are the #1 Beach according to Yahoo travel

There are 10,000 baby boomers retiring everyday and 25% to 30% are heading to the southern coast for the quality of life

	Baby boomers are not only the largest group but also the wealthiest

In addition to everything above, the information below was provided by Harvard University’s Center for Housing Studies and provided by the National Association of Realtors

	Over the past 30 years, home values have risen more than 6% annually

	On average, the value of a home nearly doubles every 10 years

	60 percent of the average homeowner’s wealth comes from their home equity

	The average homeowner’s net worth is $171,000, that’s nearly 46 times that of a renter’s, who has an average net worth of $4,800.00

	Homeowners benefit from the power of leverage. At an annual rate of 5%, a 10 percent down payment on a home will return 94% after 3 years. After 5 years, the rate increases to 225 percent and after 10 years, 623 percent.

The Willis Journal is a real estate sales analysis journal for Myrtle Beach real estate. The Willis Team Professionals have created this information to help our viewers to better understand what is currently going on in the real estate market. You will see that we also have created an analysis for some communities within the Myrtle Beach, South Carolina and will soon be adding more real estate sales analysis.