We’ve been telling you for months to stop listening to the media talking heads convincing the public of the evils of real estate.  Today we have three new reasons why the talking heads are wrong and Myrtle Beach real estate is still king.

1. The numbers are up. Tom Maeser, real estate market analyst for the Coastal Carolinas Association of Realtors, said that prices for single family homes were up 11% in September over the same period a year ago. Over the summer we reported that prices were stabilizing, and now the numbers show that the tide has turned.

2. Learn from history.  During the late 1970’s and early 1980’s, if you were lucky enough to purchase a home, you paid as much as 22% interest in a financial environment of 13% inflation. Savings & Loans (mortgage lending banks of that era) were failing all over the country and were taken over by the government (remember the Resolution Trust Corporation?).  Foreclosures were rampant and put today’s mole hill into perspective.

3. Who do you trust?  If you are considering jumping into real estate (or jumping back into real estate), whose advice should you follow: (a) the ratings-driven nattering nabobs of the media, or (b) two of the most successful real estate “people” in modern history?  Warren Buffett and Donald Trump have been buying for almost a year. Builders and MLS report decreasing inventory. Now we have prices moving in the right direction. A year from now, nobody will care what the media said, but you can be sure that Warren and Donald will have been in the right place, at the right time, again.

And we told you so.