Beer City Festival is Saturday June 1, 2013
May 31, 2013
We are looking forward to good music, excellent beer and fun times Saturday in downtown Asheville. Hope to see you out there!
Foreclosure Sales Tumble in Q1
May 30, 2013
According to RealtyTrac, Sales of U.S. homes in foreclosure fell in the first quarter.
There were 190,121 properties sold that were in the foreclosure process or already seized by lenders, down 18 percent from the last quarter of 2012 and a decrease of 22 percent from the first quarter the year before.
That accounted for 21 percent of all home sales, down from 25 percent in the first quarter of 2012. It was also well off the peak of 45 percent seen during the first quarter of 2009 as the housing market was still reeling from its collapse and the global financial crisis.
“We’re on our way back to a normal housing market when it comes to foreclosures,” said Daren Blomquist, vice president at RealtyTrac.
Home Prices See Strong Gain in Q1 2013
Taken from www.ritholtz.com/blog. May 28, 2013
The 10-City and 20-City Composites increased by 10.3% and 10.9% in the year to March with the national composite rising by 10.2% in the last four quarters.
• All 20 cities posted positive year-over-year growth.
• Charlotte, Los Angeles, Portland, Seattle and Tampa were the five MSAs to record their largest month-over-month gains in over seven years.
This is really good news for us Ashevillians! Charlotte and Tampa are big feeder markets to the Asheville area.
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The Mountain Sports Festival Starts Friday
By Mukunda Pacifici May 23, 2013
Local music and great racing and activities start Friday May 24th and run through Sunday the 26th. Activities include Hiking, biking, paddling, running, cyclocross, races, local beer, lots of exhibitors, workshops and an amazing lineup of live music. Visit www.mountainsportsfestival.com for more info.
The music lineup includes Indie & Local Bands; The Fritz, Jeff Sipe Trio, The Packway Handle Band, Jason Daniello, Jon Stickley Trio, Bear Down Easy, The Whiskey Grins, Chalwa, Cedric Burnside & Eleanor Underhill Solo!
Mortgage Rates Projected to Increase
From www.kcmblog.com May 22, 2013
The Mortgage Bankers Association, Fannie Mae and the National Association of Realtors have all projected that the 30-year mortgage rate will be at least 4% by the end of 2013. If we assume that rates will still be at 4% in twelve months, here is the difference a buyer will pay if they wait.
Mortgage Interest Deduction: By State
From kcmblog.com May 18, 2013
The mortgage interest deduction is up for debate in Congress. Here is an infographic to help you understand the impact of this deduction.
Click for Infographic: Mortgage Interest Deduction: By State.
State’s Economic Impact of a Home Sale
From the kcmblog.com:
May 18, 2013
Click for article: State’s economic impact of a home sale.
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