With all that’s going on in the world now, many are looking for help in order to navigate another uncertain year. Will this year be a crash or the next boom? The Jerry Pinkas Real Estate staff has been talking about exactly what to expect in 2021.
The housing market has basically brushed off the impact of the coronavirus pandemic in 2020. But a few clouds still appear when looking out on the horizon. Most experts have recently said the gap between those who will thrive in this economy and those just trying to survive will continue to grow wider.
What Jerry Pinkas Myrtle Beach Realtor has to say, may shock and surprise people. Pinkas says “You need to position yourself to take full advantage of the opportunities ahead that most others don’t even see coming”.
Recently The Coastal Carolinas has seen a huge influx of people relocating from big cities, as well as states to the northeast and west. Radical changes in the economy, employment, the pandemic, vaccines, technology disruption, as well as relationships, have all affected this mass migration to the south.
Record low mortgage rates and a shortage of homes are keeping the US housing market strong. National home prices and sales have been surging month over month while breaking new records. Real Estate Broker Jerry Pinkas says “Initially, when the nation went into shut down mode, people quickly found out that where they lived, isn’t necessarily where they want to live. Many decided to make a change of pace and live the beach lifestyle.”
Myrtle Beach South Carolina ranks high on many retirement lists when considering advantages like mild year-round weather, low taxes, low cost of living, excellent health care, and proximity to many major cities. Investors have also found comfort from the steady income on oceanfront vacation rental condos. Others who work from home have decided they would rather live at the beach, especially if they are not required to go into the office. All the recent changes in migration can dramatically affect 2021 and beyond. Especially for those fortunate property owners where everyone wants to be or those in an obsolete location.
The hottest real estate markets for 2021 look to be coastal properties. This strong buyer activity points to areas in Myrtle Beach where buyers may face more competition and may have to act more quickly than usual to snag their dream home.
Company Name: Jerry Pinkas Real Estate Experts
Contact Person: Jerry Pinkas
Email: Send Email
Address:604 N 27th Ave.
City: Myrtle Beach
State: SC 29577
Country: United States