Real Estate Market Trends for Western North Carolina

Beverly-Hanks & Associates considers national housing industry trends and examines how they are effecting the greater Asheville, Waynesville, and Hendersonville areas of Western North Carolina. To learn more about our housing markets in our region read our 2013 Quarter Three Market Report.

Asheville Area’s Hourly Wage Jumps

In a closely related breakthrough, Asheville’s average hourly earnings broke $20 for the first time. The rate jumped by nearly 6% from a year earlier; the largest percentage increase since 2008. At $20.20 an hour, Asheville’s average hourly earnings is sixth highest among the state’s metros. Asheville’s current unemployment rate, at 6.8%, is the lowest […]

Western North Carolina Real Estate Markets Are Changing

The Western North Carolina real estate markets continue to be very dramatic. Be sure to check out what Neal Hanks has to say about sales pace, home supply, and values across the region. And you won’t want to miss one of our favorite hot spots in Weaverville, Well Bred Bakery and Cafe. Regional information is […]

Home Sales in Western North Carolina Rebound

Home sales are up 24 percent over last year Written by: Dale Neal Building permits are up 20 percent as the critical real estate market keeps digging out of the collapse of the Great Recession. “The news is good. Sales are up, inventory is down, prices are starting to rise,” observed Neal Hanks of Beverly-Hanks & […]

The Beverly-Hanks Real Estate Report: 2013 Quarter One

“It may appear premature to declare a housing boom and chronicle an uneven regional recovery, but Vital Signs indicate a major transition.” So says Neal Hanks in the latest issue of The Real Estate Report, just released for Quarter One 2013. Consider these year-over-year metrics for Western North Carolina comparing 2012Q1 and 2013Q1: •Existing home […]

Refinance Activity Remains Robust

–From the Mortgage Bankers Association (mortgagebankers.org) Historically low mortgage rates, with 30-year fixed-rates remaining close to 3.5 percent, maintained refinance activity near a peak level through the end of 2012.  The refinance share of applications rose gradually throughout 2012 to end at the highest level of the year at 82.9 percent of all applications in […]

Positive Growth for All

As reported in our recently published 2012 Annual Market Report, the Asheville MSA ended the year as the fifth fastest growing metro in the state of NC. Asheville’s rate of growth surpasses both the state and the nation. As we look around, we can see the growth physically happening before our eyes. The construction on […]

2012 Annual Report Released

Our 2012 Annual Market Report and assessment of the WNC real estate markets is now available and can be found at beverly-hanks.com/reports. In conjunction, we have produced a video of a conversation about our local economy and real estate markets with Neal Hanks, president, and Tom Tveidt of Syneva Economics. httpv://www.youtube.com/watch?v=gkiHvHJ9Vn0 To have our Quarterly […]

Western NC: A Center of Innovation

On Monday, business leaders from across North Carolina met for the AdvantageWest Economic Summit in downtown Asheville. The topic of the evening was “The Western North Carolina Innovation Ecosystem: What’s Missing?” Our region is known as a center for creativity and is becoming better known still as a center of innovation. Mark Erwin, the head […]

Enough with the White House, what about my house?

Now that we know there won’t be a moving van pulling up to 1600 Pennsylvania Avenue in January, we can go back to focusing on our own matters of real estate. Whatever your political affiliation is, you probably share some of the same concerns  as most homeowners. How will home values shape up through the […]