Foreclosure Rates in South Carolina Among The Highest In The Nation
Times are tough all over, with interest rates high, and prices of just about everything soaring. And, a recent study notes foreclosure rates in South Carolina are among the highest in the nation.
Foreclosure Rates In South Carolina
According to The Sun News, real estate data from this Spring shows foreclosure rates in South Carolina are the fifth highest of any state in the U.S. And, that’s up 51% from just last year.
And, if you’re wondering where in South Carolina the foreclosure rates are most prevalent, the report indicates Columbia and Spartanburg each had high frequencies in areas with populations greater than 200,000.
Furthermore, The Sun News examined rates in the Myrtle Beach area, or Horry County. And, the good news is among foreclosure rates in South Carolina, Horry County seems to be less affected. Census Bureau numbers show about 1 in every 9,055 with foreclosure filings.
Horry County Numbers Relative To Foreclosure Rates In South Carolina
Of course, the Myrtle Beach area tends to have numerous homeowners whose Horry County property is a second home for them. And, as such, many of these are sources of revenue for the homeowner as a rental or vacation home.
We spend quite a bit of time in the Myrtle Beach area. Some of our favorite restaurants are there. And, our friends have a property there that we are fortunate enough to enjoy for visits throughout the year. And, our son in nearby Conway is in a rental with college buddies.
So, that’s probably another reason the market is relatively healthier in Horry County. Nearby Coastal Carolina University has thousands of students living in rentals providing that revenue stream for the owners of those homes.
And, we often joke around that if we ever win the lottery a vacation home at the beach might be in our future. But, until those numbers come in, we’re in the spare bedroom of our friends’ condo!
To learn more and to see other states in the top 5 for foreclosure rates, read the full story from The Sun News.
Historic South Carolina Cities Recognized Nationally For Their Slower Pace Of Life
I just returned to the frigid tundra that is the Carolinas after spending 5 days in the Caribbean sun. And it’s a harsh reality! I’m thankful for the time spent but struggling to get back into the swing of things. And I’m really disliking the 6o degree temperature swing. I’m still craving that island lifestyle. And let’s face it, who among us doesn’t dream of being financially stable enough we can leave the daily grind behind? I always say I wish I could work because I wanted to not because I had to. But I’ll have to win the lottery for that to ever be the case. However, if you’re lucky enough to be able to slow down and enjoy life you’ll be glad to know that not one, not two, not three but FOUR South Carolina towns were named the best to “escape the rat race”.
The Study
This is according to a study by Joy Organics which named the 150 best US Cities at Towns to “Escape The Rat Race”. The towns are in different areas of the Palmetto State, but one thing is for sure they offer a slower pace of life so many of us desire. In contrast, North Carolina only had two places included on the list. We will take the win in this friendly state rivalry this time! JoyOrganics says that the cities and towns on this list are the “most sought-after towns and cities” for “those waiting to distance themselves from the relentless pace of the rat race”.
Keep reading to learn a little more about each of these 4 South Carolina cities to escape the rat race and see where they ranked. You can read the full study by JoyOrganics and see the methodology here. And if you can’t quit your job and move, maybe even a quick weekend trip will be good for your soul!
Debbie Nance is the afternoon co-host along with her husband on "The Charlie and Debbie Show" at WSOC, Country 1037 in Charlotte, North Carolina. She has been with the station for 18 years. Debbie is a CMA Award winner for Radio Personality of the Year. And, she has worked in radio for 40 years. Before her current afternoon position, Debbie spent more than a decade as co-host on morning shows in several markets across the Southeast. As a content creator for Country 1037, Debbie writes articles about food, new restaurants in the Carolinas and travel experiences.
