Newsletter February 23, 2024

January 17, 2024 Newsletter


January 17, 2024

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The Townes at The Parks in Carolina Forest 

7015 River Bridge Ct Myrtle Beach, SC 29579

$334,999 | 3 Beds | 2 Baths

Welcome to The Townes at The Parks in Carolina Forest, a haven where modern comfort meets family-friendly living. This three-year-old, three-bedroom, two-bath semi-detached home stands out with:

  • Contemporary Design: Elegant granite countertops and luxury vinyl plank flooring throughout.
  • Culinary Delight: A natural gas stove and tankless water heater for added convenience.
  • Resort-Style Amenities: Enjoy a clubhouse, gym, community pool with a lazy river, and more.
  • Strategic Location: Close proximity to shopping centers, the beach, and the international airport.
  • Storm Protection: Equipped with Mid-Atlantic hurricane shutters for added peace of mind.

Discover the perfect blend of modern living and family-friendly amenities – schedule a showing today!


Mortgage rates in America dropped to their lowest level since June

By Anna Bahney, CNN

US mortgage rates continued to plunge this week – good news for home buyers who have been facing the least affordable housing market since the 1980s.

After dropping under 7% last week for the first time since mid-August, rates fell again this week. The 30-year fixed-rate mortgage rate fell to an average of 6.67% in the week ending December 21, down from 6.95% the previous week, according to data from Freddie Mac released Thursday. A year ago, the average 30-year fixed-rate was 6.27%.

It was the eighth-straight week of declines, dragged lower by the anticipation of Federal Reserve rate cuts beginning next year.

The average mortgage rate is based on mortgage applications that Freddie Mac receives from thousands of lenders across the country. The survey includes only borrowers who put 20% down and have excellent credit. A current buyer’s rate may be different.

“Lower rates are bringing potential homebuyers who were previously waiting on the sidelines back into the market,” said Sam Khater, Freddie Mac’s chief economist said in a statement.

He said homebuilders are also starting to feel the positive effects.

“A rise in homebuilder confidence, followed by new home construction reaching its highest level since May, signals a response to meet heightened demand as current inventory remains low,” Khater said.

The average rate rose above 7% in mid-August and soared as high as 7.79% at the end of October. Recent weeks of declining rates indicate the highest mortgage rates of this cycle have passed. That’s welcome news for would-be buyers.

Rates expected to continue falling

With the Fed signaling in its most recent meeting that rate cuts may be coming in 2024, mortgage rates are expected to continue falling, said Lisa Sturtevant, chief economist at Bright MLS in a statement.

While the Fed does not set the interest rates that borrowers pay on mortgages directly, its actions influence them. Mortgage rates track the yield on 10-year US Treasuries, which move up or down based on anticipation about the Fed’s actions, the Fed’s policy changes and investors’ reactions to them.

The average on a fixed-rate mortgage rate is forecast to fall to 6.5% by mid-year and will decline further, reaching 6.2% by the end of next year, according to projections from Bright MLS.

Sturtevant said lower rates will improve affordability. At 7.5%, the typical monthly payment on a loan for a $400,000 home is about $3,000. If a buyer had a rate of 6.2%, that monthly payment drops to about $2,700.

However, she said the bigger obstacle to homebuyers, is a lack of inventory, which continues to keep home prices high and rising.

“Young buyers are having to delay homebuying as it takes them longer to save for a downpayment and they often have to make offers on multiple homes before they are successful,” said Sturtevant. “Many first-time homebuyers have been priced out of the market altogether.”

Affordability challenges remain

While affordability will improve with lower rates, there is still a long way to go.

Just 15.5% of homes for sale in 2023 were affordable for the typical U.S. household—the lowest share on record – according to a report released Thursday by Redfin, a real estate brokerage. That’s down from 20.7% in 2022 and down by more than 40% from before the pandemic homebuying boom.

The report found the actual number of affordable homes for sale also dropped to the lowest level on record. The study defined an “affordable” listing as one where the monthly mortgage payment would be no more than 30% of the county’s median income.

There were 352,500 affordable listings in 2023, that was down 40.9% in 2022 and down from over a million per year during the prior decade.

Part of the reason there are fewer affordable homes is because of a drop in listings in general — listings were down 21.2% from a year ago. But it is also because elevated mortgage rates and high home prices made the properties on the market more expensive.

While both buyer and seller activity remain near recent lows, each small win in affordability thaws the market slightly, said Hannah Jones,’s senior economic researcher.

“Though recent data signals a shift towards a more hospitable housing market, the return to balance will be slow,” said Jones in a statement.

Mortgage rates and home prices are well above pre-pandemic levels, and they are projected to remain elevated through next year.

The median listing price for a home in the US was 37.7% higher than pre-pandemic in November, while for-sale inventory was 34.0% lower, according to

“The housing market remains under-supplied, which will keep upward pressure on prices, especially as buyer demand picks up,” said Jones.

A note from Max Neubauer, a local lender at neighborhood loans, regarding dropping interest rates!

Max Neubauer

Loan Officer

M: 304.288.1122

D: 843.380.2159

North Myrtle Beach Humane Society Adoptable Pet of the Week

Despite a challenging past of living outdoors on a chain, Chase’s spirits remain high. Chase’s previous living conditions may not have been ideal, but his heart is full of love. He finds solace in stuffed animals and delights in playtime. To ensure Chase thrives in his new home, he requires an experienced dog owner dedicated to his socialization and helping him rediscover the joys he missed.

A home without children and other animals is ideal for Chase, allowing him to receive the focused attention he deserves. With the right guidance and a compassionate environment, Chase is ready to blossom into the loyal companion he was always meant to be. To meet Chase, please call 843-249-4948 to schedule an appointment, or you can submit an application HERE.


4200 Hwy 17 South

North Myrtle Beach

Not just a great place to catch your favorite team’s game! They serve up jumbo-sized subs and sandwiches, but also offer yummy appetizers, soups, salads and a full bar – something for everyone! You can visit them at their Myrtle Beach & Surfside Beach locations, too.


Enjoy sweet delights on Main Street, North Myrtle Beach, Feb 3, 11 AM – 3 PM. Purchase $18 tickets from Jan 16-26. All ages welcome. Get a tasting map and treat bag at check-in (Flynn’s Irish Tavern Parking Lot) with printed tickets. Upgrade your experience with themed alcoholic beverages at select restaurants (purchase separately). Limited tickets, register early for this one-day self-guided dessert tasting event.


753 Main St

North Myrtle Beach

Explore Bookends, North Myrtle Beach’s top used bookstore, a short walk from the beach at 17N and Main Street. Discover a diverse collection of quality used and new books. Bring in gently used books for store credit. Find unique gifts for book lovers, including pens, notepads, stickers, post-its, journals, bookmarks, and book lights. Enjoy the heart of North Myrtle Beach’s literary haven.

Get ready to ‘havarti’ a ‘gouda’ time on January 20 for National Cheese Lover’s Day! The origin of cheese might be a mystery, but one thing’s for sure: when the first human tasted that salty, tangy goodness, it was love at first bite. Over 7,000 years later, cheese is still a blockbuster, with one-third of U.S. milk turning into delicious dairy delights. It’s not just a snack; it’s a multi-billion dollar industry, proving that cheese has a ‘grate’ impact on history – and our taste buds! 🧀

Celebrate National Cheese Lovers Day on January 20 with a southern classic – mac and cheese. Paula Deen’s Crockpot Mac and Cheese is easy to make, cheesy, and delicious!


  • Crockpot


  • 2 cups uncooked elbow pasta
  • 3 ½ tablespoons butter
  • 2 cups shredded cheddar cheese
  • ½ cup shredded mozzarella cheese
  • ½ cup sour cream
  • 1 – 10 ¾ oz can cheddar cheese soup
  • 1 ¼ cup milk
  • 1 teaspoon salt
  • ½ teaspoon mustard powder
  • ½ teaspoon paprika


  • Cook elbow pasta according to the package instructions and drain. While the pasta is cooking, using a large skillet, melt the butter, Cheddar, and Mozzarella cheese
  • Place cheese and butter mixture, cheddar cheese soup, and sour cream into the pot of the slow cooker
  • Add the cooked macaroni pasta, milk, mustard, salt, and paprika to the pot. Stir everything until well combined and cook on low for 2 hours.

Kristen Lundy



M: 843-344-5621

O: 843-448-7169

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