I doubt too many homes were sold in Asheville this past week, seeing as it was a holiday week. Yes, I use “holiday”, but we do not need to get into that here. It is brutally cold right now, and snow is on the ground. Great way to start the new year. Right now, everyone is worried about the housing market, and most do not predict a recovery (nationally) until 2008. What about locally? Well, every time i turn around another indicator is not indicating the same thing as the last. We have a large inventory of homes on the market, but prices are rising. Just today I saw an article that said construction spending rebounded for november. (these stats are always a month behind current) My verdict? wait and see. Asheville is popular, and it will survive more downturns than other areas. Good luck in the new year, i hope it is prosperous to all, and i hope everyone will take a little time to do something nice for a neighbor in 2008.
David
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