As we close out the 3rd quarter and enter the final stretch of 2022, it likely comes as no surprise that the impact of rising interest rates is becoming more evident in our market. While there are signs of softening demand in the Western North Carolina real estate market, low [...]
While the Western North Carolina real estate market is still in a strong position, there is no doubt that a lot has changed since Q1 of 2022. Since our last update, interest rates have continued to climb, inflation and recession concerns have persisted, and global and economic [...]
What does it look like when a red hot real estate market is overheating? A case could be made that this is the very state of the Asheville area and Western North Carolina market as summer nears and demand continues to exceed supply. While we know that similar trends have been seen [...]
In real estate, 2021 ended in a similar way that it began. Soaring demand for our mountain region has led to competitive, multiple offer situations and decreasing days on market. Rising prices have been met with a willingness from buyers to pay those prices (and beyond) to secure [...]
