Real Estate Hangover and Great Recession
Saturday, February 19, 2011
Asheville second home sellers couldn't have asked for a better marketing pitch than the winter of 2011. With snow turning Northern roads into ice rinks and closing airports and schools, North Carolina would seem to be more desirable than ever. The only glitch is the real estate hangover from the Great Recession.
But new data from North Carolina suggest that this is a good year for buyers and sellers coming together. With prices still at an all time low "It's almost as if someone just turned on a faucet and the people are out there. “They're making great deals." Also with interest rates starting to increase purchasing your main home or second home could not be a better time.