Asheville Home Foreclosures Drop to 2007 Levels

Asheville Real Estate foreclosure filings are continuing to fall; dropping another 3% in the first quarter of this year compared to the previous quarter and is down 18% compared to the same time last year.

Nationally the numbers are about the same 2% in 1st quarter and 17% compared to same time last year.

Asheville NC real estate foreclosure filings were at their lowest quarterly total since 2007. However this could change. Analysis is predicting over four million new foreclosures will hit nationally within the next six months. This will hold Asheville home prices from increasing until the inventory has shrunk.

Waynesville Real Estate will also be hit along with Maggie Valley Real Estate as second homes seem to also be effected by foreclosures.

This is a great time to take advantage of some low Asheville Home prices and if you are interested in a Maggie Valley log cabin or Waynesville mountain home this may be a great time to act with the low interest rate.

Another interesting fact is Asheville home sales are seeing the average amount of mortgages being approved by lenders has grown in the last three months from $205,000 to $245,000 this is a good sign of increased buyer and lender confidence.

Real estate Asheville NC has seen an increase in average mortgage amounts, including a 21% drop in Asheville home inventory the last 12 months.

Waynesville Real Estate in homes sales has seen an 18% and Maggie Valley Real Estate 19% in a drop in home inventory.

All this will impact pricing and as lenders are more willing to open the gates to Asheville NC home buyers Asheville NC home inventory will continue to drop as Waynesville and Maggie Valley Homes.