This month, I want to highlight the second home market, specifically those houses purchased for vacation homes or for future retirement homes. In the next article I will address homes bought for use as investment properties strictly for rental use, which involves an entirely different set of issues. [...]
These charts are based upon information gathered from the Asheville Area Multiple Listings Service (MLS) for the first quarter of 2007. A brief analysis revealed some interesting statistics. Please note that the figures presented do not include sales outside of the MLS system such as "for sale by owner" properties and developments not [...]
People often look at the Black Mountain area for investing in vacation rental property, a topic I will discuss at length at another time, but another part of the real estate market is long term rentals. Investors often look for this property, but it can be very difficult to judge the quality of their investment. [...]
Several folks that have read my previous articles on the real estate growth in Black Mountain have asked me if I am not concerned about the negative impact of that growth. This feedback has inspired me to write a few articles on the topic during [...]
In my last column, I discussed the increase in lots purchased in Black Mountain during the last year. With that in mind and a number of my clients considering purchasing lots now for building purposes, I thought it would be interesting to see the patterns in the local construction [...]
People often ask me if buying land is a good investment. And in terms of Black Mountain, I would have to say yes.
According to Multiple Listing Service (MLS), there are a lot of people who agree with me on that. Through October 31, sales volume in 2006 for lots and unimproved property is $11.2 million, compared to $7.7 for the same period in [...]
Recent national headlines have announced the demise of the once-booming housing market across the country. Publications including The New York Times and USA Today have carried articles such as "Housing Market Slumping" and "Existing Home Sales Decreasing with Softening Prices." An October 11, 2006 article from the National Association of [...]
