Myrtle Beach Real Estate Developer Sees 2014 Growth

Phase 3 Road ExtensionClemson economist Bruce Yandle tells the Coastal Carolinas Realtors Association at its economic outlook conference Monday that “2014 should start off with slower growth in the overall economy, which will increase through the year so that it will feel significant by the third quarter.”

 

He went on to say that “South Carolina has the fifth fastest growing economy among the 50 states and that it is seeing the fifth highest population growth rate, both indicators that the future should be bright.”

 

What does Myrtle Beach developer Roger Grigg, president of Leonard, Grigg & Associates have to say about the Myrtle Beach real estate outlook?

 

“2013 was the year when attitudes changed.”

 

“Fear is gone,” he said. “People are now starting to talk about appreciation.”

 

“Ultimately,” Grigg said, “there will be a shortage of available houses.”

 

Grigg said “he’s expecting real estate to see its busiest year since 2007.”

 

And that is when developers like him step into the picture. He’s already begun work on a new subdivision in Barefoot Resort and along S.C. 9 and could restart some mothballed projects this year.

 

He said “an environmental consultant said he was busier in December assessing developable land than he had been in all the rest of 2013.”

 

Leonard, Grigg & Associates are the developers of the fastest selling new homes neighborhood in esteemed Grande Dunes – Cipriana Park. Myrtle Beach SC Real Estate

 

Source: Steve Jones – MyrtleBeachOnline 1/27/14 & CCAR