Asheville/Buncombe County Market Update
As you can see below, Price ranges up to $300,000 are at or near market balance between buyers and sellers! It has been a while since we have said that. You will also notice that home values have been improving over the last year with a 12% improvement in Buncombe County and a 3.4% improvement region wide. We should continue to see a modest improvement over the next 12 months being led by Buncombe County.
Henderson County Market Update
Homes priced under $200,000 are seeing market balance for the first time in many years. There is still a glut of inventory over $300,000 but you have seen an 11% quarter over quarter reduction in homes for sale.
What New Home Size Data Tells Us About the State of Housing
Economists, analysts, and homeowners have access to a lot of data about the state of the nation’s housing markets. Beyond the usual statistics on sales, builder confidence and prices, we can also learn about the status of the sector by examining the kinds of homes being constructed.
One such measure is the average size of newly built single-family homes. Reported in the Census Bureau’s Quarterly Starts and Completion by Purpose and Design, the data for the second quarter of 2013 indicate that the average size of a new single-family home was just under 2,600 square feet, as measured on a one-year moving average. At this level, the typical size of newly built homes is larger than the previous peak of just over 2,500 square feet set at the start of 2008. Read More.
Why You Should Be Investing in Real Estate
Of course, we can and should all start traditional tax preferred vehicles like an IRA and 401k. These are the bedrock of good ‘benefit’ planning for ourselves and our employees. I’m also convinced more entrepreneurs should consider rental real estate as an important part of their portfolio.success with their primary business ventures, many search for the proper investments for their profits.
Of course, we can and should all start traditional tax preferred vehicles like an IRA and 401k. These are the bedrock of good ‘benefit’ planning for ourselves and our employees. I’m also convinced more entrepreneurs should consider rental real estate as an important part of their portfolio. Read entire article here.
Madison County Market Stats
August 7, 2013
Madison County Market Stats Through August 1, 2013
Click graph for larger view.
Buncombe County Approves Tax Increase
July 19, 2013
The Buncombe County Board of Commissioners approved a new county budget containing a 4.4 percent tax increase. The county’s new tax rate is 56.9 cents per $100 valuation, plus another 3.5 cents that will go to a new authority that will run county parks and libraries.
The owner of a home valued at $250,000 will pay $1,510 in combined county property taxes. Changes in individual property owners’ bills from last year will vary because of revaluation.
The county’s previous tax rate was 52.5 cents.
2013 NAR Generational Trends Report
Who we are. What we stand for. How we help.
July 12, 2013
Henderson County Market Stats
July 9, 2013
All market data taken from WNCRMLS.
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