Every market is unique, yet the national sentiment has given rise to the notion that housing markets are stalling. Although interested buyers are out on an increasing number of showings, there remains a limited number of desirable listings. And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new […]
January saw predictably steady market growth with a slight increase in average list to sales price as well as a slight decrease in months of inventory. However, there was a significant uptick this month in change in average price. This reflects the greater volume of homes sold in a higher price bracket than in previous […]
By Mukunda Pacifici 10-24-12 Buncombe County: Henderson County: Haywood County:
In Western North Carolina we are around 5% above our long term norms. Mortgage payments have dropped 10% since 2004 and the average monthly mortgage payment for a median priced home is now $849 compared to $924 in 2004 making housing more affordable. We will continue to see distressed sales playing a role in keeping […]