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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 ...
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 website soon became popular with homeowners that wanted to list their properties for short term rental. [2] [3] By 2006, VRBO had over 65,000 rental listings [4] and was adding 100 new listings per day. [3] VRBO originally had a subscription business model in which payment of an annual fee allowed homeowners to list their properties on the ...
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 ...
An alternative arrangement is where vacation rental managers provide homeowners with a guaranteed rental. Under these arrangements, vacation rental managers buy all of the weeks the homeowner wishes to rent in a single transaction. This provides the homeowner with guaranteed income and puts the risk and management burden on the rental manager. [10]
The Myrtle Beach Boardwalk opened in 2010 and has been recognized as the nation's #3 boardwalk by National Geographic [43] and one of the best US boardwalks by Travel + Leisure magazine. [44] The Myrtle Beach Skywheel opened at the boardwalk in May 2011, and is a 200-foot (61 m) observation wheel, similar to a ferris wheel, with glass gondolas ...
Retirees who have an active lifestyle have made Myrtle Beach one of their top spots in the U.S. to live. Myrtle Beach ranks No. 2 out of 175 locations where the most active retirees live ...
Rank City / town County 2023 Estimate 2020 Census Change 1 Myrtle Beach: Horry County: 39,697 35,682 +11.25%: 2 Leland [a]: Brunswick County: 30,542 22,908
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