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The resort region of Myrtle Beach is a real estate anomaly. First, new Grand Strand oceanfront home and condo construction and sales are still strong. In fact, the Myrtle Beach/ Conway/North Myrtle Beach region led the United States in new building permits in September 2007, according to Reed Construction Data. However, resale condos are seeing pre-2005 boom prices. In other words, many real estate professionals describe a roller coaster of rapidly rising prices that have fallen less than those prices before the boom. Myrtle Beach continues to benefit from being one of the Carolinas top retirement destinations.

The historic region of Charleston-North Charleston, another top retirement destination, ranked 18th in new building permits in September. Condo prices remain somewhat soft, but the area continues to attract migrants from across the country looking for ocean recreation and the charming and romantic allure of this seaport metro.

Greenville, Aiken, Seneca, Fort Mill, Camden and North Augusta all report a strong housing market. On a sour note, Levitt and Sons’ financial problems have spilled over to a planned 460-home development called Seasons at Prince Creek, located 20 minutes south of Myrtle Beach in Murrell’s Inlet. The company has ceased all homebuilding activity at this development and closed down its sales operation.

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