Richard's Blog

As of Sunday, February 22, 2009: 248 of 2,913 oceanfront condos in our MLS are pending. That’s 8.5% of the available inventory. 479 of 5,644 single family homes in our MLS are pending. That’s 8.5% of the available inventory. This represents almost twice as much activity than the averages we’ve se...

Kent Johnson, a Broker/Associate in southern California, shares this new real estate trend: A new condo listing of mine received an acceptable offer this week after ten days on the market and brisk activity:  twenty showings, two offers, and two more offers threatening.  The model match unit (a f...

Earlier this week, we asked how many signs you needed as “proof” that the real estate market was beginning its turnaround. Now, economists and media outlets no less important than The Wall Street Journal are joining us in shining a positive light on real estate for 2009. Mark Zandi, Economy.com’s...

As posted on our website last week, Price & Company Realty has learned that a group of investors has purchased the assets of Hard Rock Park for $25 million and plans to reopen the park by Memorial Day 2009. Baker Leisure Group, one of the investors, is also a theme park management company, and ha...

So, everyone wants to know the bottom line… What does the final version of President Obama’s stimulus package provide for Myrtle Beach real estate buyers? First, the tax credit goes up from $7,500 to $8,000. Second, the repayment requirement goes away, except in cases where the home is sold in th...

As the bits and pieces of good news for real estate keep on coming, they seem to be gaining -- dare we say it? -- momentum. We've been reporting good news for several months now, but this week brought four new and, in our opinion, solid evidence of an impending turnaround: 1. The actual number of...