Homebuyers have likely been told that renting out a house is more practical than buying one, given the continuous real estate price hikes that have occurred. Down in the Palmetto State, though, it’s an entirely different story. Although the median price of homes for sale in Myrtle Beach, SC rose 4.4 percent to $190k from January to November of 2013, sales were up 7.5 percent compared to a year earlier. In addition, the homes sold for 94 percent of their original asking price in November; a good jump from 90 percent two years before.
http://www.chicora.com/default.cfm/page/blog/blogid/9ea17bda-7417-44ca-8c4007ba0b0ea244/cat/entrydisplay/entryid/f99eb878-58b9-474b-bbdf31a64e5f7487.htm
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