October 21, 2021
Real Estate

Tybee Island realtors seeing impact of STVR moratorium on real estate market

TYBEE ISLAND, Ga. (WTOC) – The temporary pause of new rental properties on Tybee Island is already taking a negative toll on the community’s housing market.

This from local realtors speaking to WTOC Monday – just two weeks into the city’s 90-day moratorium prohibiting new rental property registrations.

During the pandemic the housing market on Tybee is what some would call “hot.” Often times the housing pool was running dry. Now, however, some real estate agents WTOC spoke with say people are hesitant to buy without knowing if their house can be a rental after this moratorium.

“They want a place to come with their families when they want to come on vacation, but then they also want to be able to have a home that they can rent and work toward their retirement,’ said Tanya Huff, real estate agent with Century 21 Solomon Properties.

“There were those of us in the real estate,…

Read full article here: www.wtoc.com