As many industry pundits predicted at the end of 2021, a declining supply of homes for sale has slowed last year’s unprecedented sales pace as we begin 2022. According to the National Association of RealtorsⓇ, pending home sales slipped for the fourth consecutive month in February, largely due to low inventory. “Buyer demand is still […]
The pandemic accelerated market dynamics already present before COVID and which will persist well into 2022. The combination of recession-induced low mortgage rates, remote workers relocating to our area, and the demographic wave of Millennial home buyers were already driving a frenzied sales pace in the Asheville region before March 2020. Since then, the demand […]
As many are dreaming of a white Christmas, you might be wondering if the housing market will see a deep freeze anytime soon. This couldn’t be further from the truth! While it’s true that fewer homes are listed over the holidays, the homes already on the market are maintaining their momentum. There are a lot […]
Our mountains are becoming ablaze in color and remind us once again why we are so blessed to call Western North Carolina home. As the seasons change, we are also noticing changes in our real estate markets. For a closer look at what’s happening in our region, we’ve prepared our Q3 2021 Market Report. When […]
So much is happening in real estate right now. But the biggest story continues to be the lack of available inventory and persistent, intense competition from home buyers. For a closer look at what’s happening in our region, we’ve prepared our Q2 2021 Market Report. When breaking down the markets, we examine four metrics: supply […]
Your neighborhood is getting crowded. Your new family is growing fast. Your job requires too much of a commute. You’re expanding your Etsy business and need room to grow…. There are a million reasons to move up from your first home to something larger, more comfortable, or closer to town. If you’re a homeowner who’s […]
Hyperactive is the only word that can adequately describe our current real estate market conditions. Homes are selling quickly thanks to very competitive conditions, and home values are rising rapidly as a result. To give you the rundown of the current market, Beverly-Hanks President Neal Hanks has delivered the Q1 2021 Real Estate Market Report. […]
The Western North Carolina housing market has been nothing short of remarkable over the past 12 months. We can think of no better metaphor to describe it than an old-fashioned roller coaster ride. We crowded into 2020 with bright prospects and gleeful anticipation. But our outlook quickly turned apprehensive as the COVID-19 pandemic and accompanying […]
It’s hard to believe that in nine short months, Western North Carolina’s real estate has experienced unprecedented changes. Only a few months ago, we were working with our clients to prepare for a considerable slow down to the market. Now, it is almost impossible to describe local real estate activity without using hyperbolic headlines. Simply […]
Before the COVID-19 outbreak and stay at home orders began, the markets were robust and healthy. Our primary concern was the shortage of homes for sale going into our primary listing and selling season. As of now, buyers are still buying homes and sellers are still selling—and Beverly-Hanks is still here, at the ready, to […]
mortgage rates Archives – Beverly-Hanks Real Estate Blog
