ADA Announces 2014 Downtown After 5 Line Up
Summer is right around the corner and one of our favorite events is the Asheville Downtown Associations Downtown After 5 music series. They have one of their best lineups this summer that includes acts like St. Paul and The Broken Bones, Driven’ N’ Cryin’, and The Dynamites Featuring Charles Walker. The series starts May 16th and runs through September 19th. St Paul & The Broken Bones is the opening act, an act that has frequented the Grey Eagle. Click here to see full lineup.
Will 2014 Be The Strongest Year For Housing Activity Since Before The Great Recession?
3 Arguments to prove this point: 3/28/2014
1. Improving Job Market: Summing up what David Berson, Chief Economist at Nationwide stated in an interview with HousingWire: Full interview here.
Most economists expect an improved job market in 2014. Employment growth will accelerate and the unemployment rate will continue to decline. David Berson stated that this will be the key factor in improving housing demand this year- Jobless rate will reflect more of a pickup in employment than further declines in the labor force participation rate. Even if mortgage rates rise and affordability declines. The housing market does well when the job market improves and when income prospects improve, even if it’s more expensive to purchase.
2. Demographics Showing Love for the Housing Market Again:
The Emerging Trends in Real Estate Report from the The Urban Land Institute is predicting over 4 million household formations in the next three years. Millenials will make up a large portion of these households. With the economy improving, we should start to see them moving out of their parents house and start to purchase homes.
3. Dare we say it: Mortgage Availability Should Improve:
“The rise in mortgage rates already has reduced mortgage origination volumes as refinance activity declines. If mortgage rates rise further this year, as expected, then refinance activity will fall still more. In response, mortgage lenders probably will ease lending standards to the extent possible under the QM rules to boost lending activity by increasing purchase originations. As a result, the increase in new households expected to be created this year, spurred by a stronger job market, should find that qualifying for a mortgage loan will be somewhat easier in 2014 than in prior years.” David Berson, Chief Economist at Nationwide taken from interview with HousingWire.
Bethany Behrmann Top 100 Realtors in the Asheville Board of Realtors
Congratulations to Bethany Behrmann for making the Top 100 Realtors in the Asheville Board. If you see her out and about congratulate her!
Asheville Area Land Stats
Land sales data through March 1, 2014.
Waynesville & Haywood County Market Data
Market data through March 1, 2014.
DixonPacifica Real Estate is Excited to Welcome Three New Agents
DixonPacifica Real Estate is excited to welcome Bethany Bermann, Robin Newcomb, and John Ruhl, Jr.
Bethany has been in the Asheville area since Kindergarted and a Broker since 2009. She has extensive business experience in healthcare and education, and has worked as an English Professor in several foreign countries. You can reach her at Bethany@dixonpacifica.com.
Robin is a Buncombe county native and began her real estate career after graduating from Gardner-Webb. She has been a Broker since 2006. Her name may sound familiar because her husband owns Newcomb Tree Service. You can reach her at Robin@dixonpacifica.com.
After graduating from the University of Virginia in 1984, John’s career in Asheville started in manufacturing operations and management, ultimately leading him to real estate in 2002. He is active in our community, volunteering with the United Way, Carolina Day and the Asheville School. You can reach him at firstname.lastname@example.org.
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