MB area pulls in well-to-do; natives feel price squeeze
By Jenny Burns
The Sun News
Beaches and warm weather are not the only attractions
luring new residents to the Grand Strand.
People like Steven and Doris McCarthy are settling here to
take advantage of one of the best real estate markets on the
East Coast - one that is booming faster than any of its
neighbor cities in Georgia and the Carolinas, even as those
markets also see rapid growth.
"They have so much construction going on [here]," Steven McCarthy said.
The area's new-home market is undergoing unprecedented growth,
making area real estate more valuable, while also making homes
less affordable for some area residents.
Much of that growth was in the new condominium market in
Horry County, which almost tripled this year through the
third quarter compared with the same time last year, according
to Market Opportunity Research Enterprises, a real estate analysis firm.
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