I was in a Webinar the other day and found this very interesting. The information that I am providing is coming from Private Mortgage Insurance (PMI) - www.PMI-US.com. PMI Insurance insures mortgages so it researches extensively different markets to deal with the risk factor in each city.

For example Florida will not start recovering until 2025 or later. What does that mean to Florida home owners? If your thinking about selling this is the time because based on the chart home prices will continue to go down. Until 2025 or later your home will never be worth more than it is today. Buyers on the other hand can wait because prices will continue to go down and in the next several years will be able to purchase property perhaps 20-30% less that today’s Florida market.

Ok enough of that example let’s look at Asheville. Asheville Real Estate market is going to start seeing improvement between 2015– 2025. So we will continue to see a buyer’s market for several years to come. Asheville market is not as bad as many areas but is influenced by many like Florida. If you’re selling your property or thinking about selling over the next several years your property value will decline so today your property value is the highest you will see over the next several years.

First quarter sales in Asheville were up over last year but home values dropped nine percent and I believe this will continue until 2015 or later.

Buyers Fortune Magazine this month featured an article from John Paulson and his quote was.

“This is the best time in 50 years to buy a home.  If you don’t own a home, buy one.  If you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home.”

So here are the facts and you determine the outcome – I hope you find this helpful.