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City of Myrtle Beach Director of Public Information Mark Kruea said that every 1,000 short-term rentals turned into long-term ones equals a loss of $5.7 million in direct economic impact.
The short-term rental data tracking firm AirDNA reports almost 33,000 short-term rental listings on Airbnb VRBO or both in Myrtle Beach compared to more than 24,000 in Las Vegas, almost 22,000 in ...
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In January 2022, Pretium and Indianapolis-based builder Onyx+East formed a $600 million joint venture to develop rental homes. [14] In December 2022, Pretium opened a new office in Miami Beach. [15] In September 2023, Jonathan Pruzan was hired as Pretium's president. He was previously the chief operating officer at Morgan Stanley. [16]
In 2023, however, the Office of Management and Budget redefined the statistical area and moved Brunswick County to the Wilmington, NC Metropolitan Statistical Area. [3] [4] The Myrtle Beach MSA's principal cities, ordered by population, are Myrtle Beach, Conway, and North Myrtle Beach in South Carolina.
Myrtle Beach is the largest principal city of the Myrtle Beach-Conway, SC Combined Statistical Area, which had an estimated population of 463,209 in 2023, [7] and includes the Myrtle Beach-Conway-North Myrtle Beach, SC Metropolitan Statistical Area (Horry County) and the Murrells Inlet, SC Micropolitan Statistical Area (Georgetown County). [30 ...
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For the high mortgage rates that hurt the Myrtle Beach area’s real estate market in 2023, the St. Louis Fed’s economic data also shows that 30-year fixed mortgage rates have fallen from their ...
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