Real Estate News
Real estate news in Asheville and Western North Carolina.
Asheville | 5 reasons to hire a real estate agent
1. Better access/more convenience A real-estate agent’s full-time job is to act as a liaison between buyers and sellers. This means that he or she will have easy access to all other properties listed by other agents and will know what needs to be done to get a deal together. For example, if you are [...]
Real Estate News | Luxury Market Outperforming
The missed story: Luxury market outperforming Early last week NAR released the national numbers for July sales. Overall sales saw a large drop 27% from June and 25% year-over-year from July 2009. As you know by now, the national media jumped on this and pundits and talking heads have been yapping about the dismal housing [...]
Top Seven Reasons Banks are Denying Home Loan Requests
RISMEDIA, August 2, 2010—The lending landscape has changed quite drastically over the past several years. Practices, approvals and standards that were once widely accepted have either vanished or transformed beyond the point of recognition. Many banks, which were once extremely careless with their loan underwriting techniques and approvals, have dug themselves into a significant hole that [...]
Jumbo Foreclosures: Rise continues in most markets
Jumbo foreclosures continue to rise in most markets USA Today reported this week that “foreclosures among borrowers with prime conforming loans have shot up 425% since January 2008” and “jumbo prime loans not eligible for purchase by Fannie or Freddie have done even worse — foreclosures on those have increased nearly 600%. Jumbo loans are typically mortgages [...]
Housing Crisis Likely to Drag Down Credit Scores
RISMEDIA, June 30, 2010—(MCT)—For countless Americans struggling to make their mortgage payments, the problems have just begun. Although a loan modification or foreclosure might allow them to put their housing problems behind them, millions will be dogged for years by the aftermath—a credit score so tarnished by the housing debacle that lenders will want to [...]
Asheville included in Barron’s 10 Best Places for Second Homes
Barron’s recently gave their list of the 10 Best Places for Second Homes and Asheville made the list. The changing of the seasons, culture and dining are just a couple of the reasons for the honor. Asheville’s art scene, the Biltmore Estate and distinctive neighborhoods such as Biltmore Forest and Grove Park also influenced the magazine in choosing our wonderful Western North [...]
