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Home sales soar, prices fall in Beaufort, Hilton Head Island | islandpacket.com

Home sales soar, prices fall in Beaufort, Hilton Head Island | islandpacket.com.

This is the effect of foreclosures in the market.  As each foreclosure sells, the overall value of the neighborhood diminishes, leaving more and more of the rest of the residents that much more underwater on their mortgage.  Turns into a real vicious cycle.

Several places in the state counties are going after Boeing related industries… what are we doing in Beaufort county?  We have an industrial park minutes from the air station, and a highly trained retired and former Marine aviation pool of labor.  Seems like it would be a pretty good match, don’t you think?