You've seen the ashes and sackcloth in the national media. We're facing an impending housing crisis of Biblical proportions, Bear Stearns got bought out by Morgan Stanley, and the World is Going To End. Oh, and real estate is the worst place to park your assets right now. At this point, the litany of woes in the housing sector sounds like an early '90s grunge act, or maybe the final act of an opera as everyone threatens to throw themselves off the cliff.

What isn't getting reported is that every trend has a rebound line. Right now, housing prices are down; they may not have hit bottom, but they're probably very close. As anyone who does investing or sales knows, the key to making money is to buy low and sell high. Right now, the price of housing is very low – and there are lots of people desperate to get out from under their mortgages, so the first part of that formulation is here. How about selling high?

Let's look at the housing market – we've got an economic correction (read "recession") coming on. We've also got a demographic wave peaking with the Baby Boomers getting set to retire…and they're going to want to buy retirement homes. After all, real estate is an investment in a tangible asset with real value – you can always re-sell the land, or live in the home. It's one of the safest investments out there…and there are markets where the housing prices are down and the upside potential is great.

One of those markets for real estate is Myrtle Beach, South Carolina. Let's look at the numbers. Myrtle Beach is the sixth fastest growing metro area in the US Myrtle Beach Real Estate is a good investment in the near term, and a great investment in the medium turn. The time to buy is when everyone's driving the price down – and the time to buy into Myrtle Beach real estate is right now.

Myrtle Beach, South Carolina, was incorporated in 1938, and officially became a city in 1957. It's named after a plant that grows in the area, called the wax myrtle. From the 40s on, Myrtle Beach has provided a great place for people to vacation, and it also offers excellent real estate opportunities. Many people are becoming interested in buying real estate there.

Myrtle Beach was rated the best beach destination in the United States by Yahoo, as well as the top vacation destination for golfers. Known for beautiful beaches and family friendly attractions, Myrtle Beach is one of the fastest growing areas there is. New homes are being built in luxury communities, with lots of people from the north picking and moving south. Between 2000 and today, there's been a population growth of over twenty-five percent. This makes the population of Myrtle Beach proper around thirty thousand people.

That might sound small, but there are plenty of people in Myrtle Beach, since the population count doesn't include temporary residents who maintain condos for part of the year, tourists, and the general metropolitan area. This means Myrtle Beach real estate has a lot more going on than mere numbers would suggest.

Tourism is the area's primary industry. Every year, many people arrive to enjoy their vacations in this fun, exciting city in South Carolina. There's almost no off season – only between November and the middle of January does Myrtle Beach quite down for a while. This means that there's always something to do for people who move there, adding just one more factor towards making Myrtle Beach the new Miami.

The new popularity of Myrtle Beach means real estate is becoming an exciting commodity. Many condos along the beach are being renovated, and new ones built. The median price for a house or condo in the area is just over a $140,000, but that's likely to go up. That's why anyone who wants to move to this great golfing and family spot should act soon. Myrtle Beach real estate could soon cost a whole lot more.

In a recent poll, Myrtle Beach was rated the single best place to buy a second home. There are new developments and pre-construction opportunities available everywhere in the area. Whether you're looking for an oceanfront property, a condominium, a townhouse, or a gated community, you can find the real estate you're looking for. No matter where you live, you'll be only a little way from a beautiful ocean view. If you're thinking about relocating or purchasing a second home for vacations, consider Myrtle Beach.

This could be the opportunity you've been looking for. Whether you're an investor, or someone looking for a great second home, this great area has what you want. Buying real estate in this great vacation spot is getting more and more popular. Join in on with the many other people who are choosing Myrtle Beach real estate for their second home or real estate investment.

Resources: Myrtle Beach Condo Sales  - Myrtle Beach Real Estate