Human Judgment Essential For Predicting Overheating

With the housing market correction of 2008-2011 still fresh in everyone’s mind and with some neighborhoods yet to completely recover, it’s no wonder that many consumers are culling through the troves of housing market statistics for clues about the future. Today’s markets are rapidly changing as individual neighborhoods and communities pendulum from a buyer’s to […]

New Home Sales May Be Providing Signals For Market

It was a volatile week for mortgage rates. The FOMC Minutes suggested that the Fed will begin to taper its bond purchases in the near future as expected, but a surprising decline in the New Home Sales data made that outcome less certain. After the offsetting influences, mortgage rates ended the week with little change. […]

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 […]

Homebuilder Confidence In U.S. Increases To Five-Year High

By Shobhana Chandra of Bloomberg.com – Aug 15, 2012 10:10 AM ET Confidence among U.S. homebuilders climbed in August to the highest level in more than five years, affirming the improvement in residential construction. The National Association of Home Builders/Wells Fargo builder confidence index rose to 37, higher than projected and the best showing since […]

It’s Easy To Be Confused About Real Estate

In today’s real estate market, it is easy to get confused. There seems to be an overabundance of information and much of it seems to be conflicting. As an example, we offer you two headlines that appeared within 24 hours of each other last week. National Delinquency Rate Falls to Lowest Level in Three Years […]

Downtown Condo Market Update

While many market segments continue to struggle with excessive inventory, the downtown condominium market has bucked the trend. There is no question the uniqueness and overall desirability of Asheville has buoyed sales pace and values. There are currently 38 active units on the market right in downtown Asheville.  Overall, the market remained healthy this year, […]