Jerry Berg, Realtor - Weichert Southern Coast Realtors

09/05/2022

Wishing everyone a happy and relaxing you deserve so much!

04/27/2022

Just listed! This beautiful 3 bed and 3 bath won't be on the market long. Call, text or direct message me for details.

Upon entering the large foyer of this bright, custom designed and landscaped 2 story waterfront home in Carolina Forest prestigious, gated community of Waterbridge, you'll be struck by the large, welcoming, tiled Family Room with dual overhead fans and 11 foot doorwall opening to a 20 foot wide heat...

09/15/2021

It's deals like this that hardly ever stay on the market!

Welcome home to this lovely 3 bedroom ranch located in Bent Oak Estates just 1 mile to the beach! The living room and dining room have vaulted ceilings and wood laminate flooring. Spacious kitchen with plenty of countertop space, granite, breakfast bar, skylight to allow plenty of natural light. Woo...

09/06/2021

Everyone deserves to on this special day. !

06/23/2021

A beautiful home like this won't stay on the market for very long. 4 bed and 3 bath in great neighborhood! Call, text or direct message me for details.

A rare find in the desirable Waterford Plantation in Carolina Forest. This is a 4 BR, 3 Full bath plus a bonus room=5th Bedroom, with over 2770 heated sq ft of living space, All 4 BR are on the first floor with the 5th on the second floor. This house has been recently renovated by current owner: New...

03/01/2021

Some more news for homeowners suffering through the pandemic.

Homeowners Are Now Eligible for Up to 18 Months of Forbearance

Homeowners struggling financially during the COVID-19 pandemic have received another extension for their mortgage payments. The Federal Housing Finance Agency announced Thursday it is providing an additional three months of forbearance to borrowers with loans backed by Fannie Mae and Freddie Mac, bringing forbearance up to 18 months total.

To qualify, borrowers must be enrolled in a COVID-19 forbearance plan as of Feb. 28.

The FHFA also announced a moratorium on foreclosures and real estate evictions for single-family mortgages backed by Fannie Mae and Freddie Mac through June 30. The moratorium had been set to expire March 31.

“Borrowers and the housing finance market alike can benefit during the pandemic from the consistent treatment of mortgages regardless of who owns or backs them,” says FHFA Director Mark Calabria. “From the start of the pandemic, FHFA has worked to keep families safe and in their home, while ensuring the mortgage market functions as efficiently as possible. [The] extensions of the COVID-19 forbearance period to 18 months and foreclosure and eviction moratoriums through the end of June will help align mortgage policies across the federal government.”

The extensions are similar to those announced last week by the Biden administration for loans backed by the Department of Housing and Urban Development, the Department of Veterans Affairs, and the Department of Agriculture. The announcement comes about three weeks after the FHFA had extended its total forbearance period to 15 months.

Source: Federal Housing Finance Agency

02/26/2021

Land Is in Demand: Land Purchases Pick Up During Pandemic

The nation’s leading land brokers report both an increase in business and an uptick in land values as rural land grew in demand last year, according to a new survey of more than 100 land brokers nationwide conducted by the National Land Realty, a real estate land brokerage. 2021 is poised to be another strong year for land purchases, the report says.

More than half of the surveyed brokers reported an increase in their business in 2020 over 2019. More than 60% of brokers reported seeing an increase in land values, particularly recreational land and farmland.

“Investors rediscovered a safe haven in land real estate in 2020, which made for a very good year for land sales, with record-breaking volume in the second half of the year,” says Jason Walter, CEO of National Land Realty. “And with all of the traumatic events of 2020, people are looking to not only invest in land outside of the city, but they are also wanting to live on the land they buy, to be able to breathe the fresh COVID-free air and reconnect with the great outdoors.”

Indeed, brokers reported that the majority of the most recent buyers of land are coming from urban or suburban areas.

Nearly 90% of the brokers surveyed believe that land sales will continue to perform strongly over the next year to 18 months, according to the survey. “And more than 75 percent of [land brokers] believe their business will grow at least 5 percent, if not more than 10 percent, in that same time frame,” adds Jason Burbage, president of National Land Realty.

The biggest challenges in 2021 moving forward, land brokers say, will center around geopolitical risk (nearly 24%), followed by financing or interest rate risk (20%) and COVID-related issues (17%).

Source: National Land Realty

02/25/2021

A beautiful new listing at the South end of the Grand Strand on Pawley's Island. Contact me if you'd like to see it. [email protected]

Live the "low country" lifestyle in beautiful P...

02/25/2021

A condo on the beach! What a view, what a nice investment!

Awesome Caravelle Tower condo just hit the market in Myrt...

02/23/2021

This new listing in Myrtle Beach is a great value and a great location. Great neighborhood in the Carolina Forest community.

A must see! Charming, spacious, bright, single level 3 be...

02/22/2021

Buyers Sn**ch Up New Listings as Quickly as They’re Available

Home sales could easily be 20% higher if more homes were for sale, says Lawrence Yun, chief economist of the National Association of REALTORS®. Existing-home sales—completed transactions for single-family homes, townhomes, condos, and co-ops—rose 0.6% in January compared to December 2020 and are up nearly 24% over a year ago, the National Association of REALTORS® reported Friday. All four major regions of the U.S. recorded double-digit annual gains for home sales in January.

“Home sales continued to ascend in the first month of the year, as buyers quickly snatched up virtually every new listing coming on the market,” Yun says. Seventy-one percent of homes sold in January were on the market for less than a month, according to NAR’s report.

While most of the economy has felt the toll of the lingering COVID-19 pandemic, the housing sector has remained a bright spot, Yun adds. Sales remain high and home prices have continued to rise, adding equity to home sellers.

“Home sales are continuing to play a part in propping up the economy,” Yun says. “With additional stimulus likely to pass and several vaccines now available, the housing outlook looks solid for this year.” Yun predicts employment to increase, which could spur even more homebuying over the coming months. He predicts existing-home sales to reach at least 6.5 million in 2021.

Here’s a closer look at key indicators from NAR’s existing-home sales report, reflecting January sales data:

Home prices: The median existing-home price for all housing types in January was $303,900—a 14% jump over a year ago.

Inventory: Total housing inventory at the end of January was 1.04 million units, down nearly 26% from a year ago. Unsold inventory sits at a 1.9-month supply at the current sales pace.

Days on the market: Properties typically remained on the market for 21 days in January, down from 43 days a year prior.

First-time buyers: First-time buyers comprised 33% of sales in January, up slightly from 32% a year earlier.

Cash sales: All-cash sales accounted for 19% of transactions in January, down from 21% a year ago. Individual investors or second-home buyers tend to make up the biggest bulk of cash sales. They accounted for 15% of sales in January, down from 17% in January 2020.

Regional Breakdown

Here’s how existing-home sales fared in January across the country, according to NAR’s report:

Northeast: Existing-home sales dropped 2.2% in January, but are up 24.3% compared to a year ago. Median price: $361,400—up 15.8% from January 2020
Midwest: Existing-home sales rose 1.9% last month, a 22.7% jump from a year earlier. Median price: $227,800—a 14.7% increase from January 2020
South: Existing-home sales increased 3.2%, up 25.1% from January 2020. Median price: $263,300—a 14.6% increase compared to a year ago
West: Existing-home sales fell 4.4% compared to a month earlier but are still up 21.3% compared to January 2020. Median price: $461,800—up 16.1% from a year earlier
Source: National Association of REALTORS®

02/21/2021

Conway cutie! Very affordable new offering. Come and see it!

***OPEN HOUSE SATURDAY FEB 20th 12-3PM*** Charming home i...