Real Estate Trends of 2009

As we begin a new year, we are pleased to provide you with our annual market report and analysis of Western North Carolina real estate sales during 2009. Prior year statistics provide valuable data and detail on what occurred in the market during the past twelve months. In order to fully understand the impact of […]

Tiger and Economy

The Cliffs at High Carolina stands by Tiger Woods Update: from the Wall Street Journal From the Article: ASHEVILLE, N.C.—Golf-resort developer Jim Anthony seemed to have pulled off a major coup by signing Tiger Woods to design the superstar’s first U.S. course at a 3,200-acre community in the high meadows of the Blue Ridge Mountains. […]

Week in Review – December 7, 2009

Last Week in Review “IT’S A RECESSION WHEN YOUR NEIGHBOR LOSES HIS JOB; IT’S A DEPRESSION WHEN YOU LOSE YOURS.” Harry S. Truman. Very true words indeed – and last week brought some market action when Fed Chairman Ben Bernanke discussed the recession, commenting that our economic recovery still faces “formidable headwinds.” As you can […]

Simplify Your Life at Bee Tree Village Cliffside

Bee Tree Village Cliffside is a new home community tucked between Asheville and Black Mountain. These Arts & Crafts, NC Healthy Built garden homes offer mountain views, 2-4 bedrooms, and fenced courtyards. Prices start in the low $200,000s. This maintenance-included community allows owners to downsize in home responsibilities while enjoying quality living. The fenced courtyard […]

House Votes to Expand Home Buyer Credit

From Stephen Ohlemacher :: Associated Press Buying a home is about to get cheaper for a whole new crop of home buyers—$6,500 cheaper. First-time home buyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package enacted earlier this year. But with the program scheduled to expire […]

Third Quarter Statistical Gains Are Encouraging But Challenges Still Lie Ahead

I am pleased to report the positive momentum which began in the second quarter of this year has continued locally and nationwide into the third quarter of 2009. The statistics in the fourth quarter should show continued improvement over the prior year as the fourth quarter of 2008 was one of the most difficult in […]

Favorable News from the Fed

Favorable news from the Fed: weaker-than-expected economic data and strong demand for a record $112 billion in Treasury auctions helped mortgage markets this week. While the daily price movements were often large, mortgage rates ended the week just a little lower. The Federal Funds Rate As expected, the Fed made no change in the federal […]

Lake Lure Community Comes Together to Honor Iconic Actor and Raise Money for Cancer Research

Many people living in the small Western North Carolina mountain town of Lake Lure when “Dirty Dancing” was filmed nearby have very fond memories of lead actor Patrick Swayze. They remember Swayze as a “kind family man” and a “heartthrob.” So when the news reached Western North Carolina that the famous actor, singer, and dancer had […]