MYRTLE BEACH, S.C. (WBTW) — Housing inventory is increasing across Horry County, offering prospective home buyers along the Grand Strand more choices even as interest rates reach 7%.
Higher borrowing costs mean higher monthly mortgage payments, pushing some properties out of reach for buyers needing to adjust their budgets.
According to the Coastal Carolinas Association of Realtors, increased availability of homes is providing buyers with greater flexibility to find properties that fit their needs. The local real estate market is undergoing a transition as borrowing costs stay elevated compared to recent years…