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| February 2010 |
Phone: (828) 685-8602 Fax: (828) 685-9627 2968 Chimney Rock Road Hendersonville, NC 28792 Website: www.apple-country.com Email: info@apple-country.com |
Market and TrendsAccording to the North Carolina Association of Realtors, the real estate industry is expected to see steady improvement in 2010, with home sales predicted to increase by 15 percent. The November extension and expansion of the $8,000 tax credit and $6,500 tax incentive is effectively moving existing homebuyers into new homes, with 1.5 million repeat buyers expected to benefit from the credit. In addition to the 900,000 first time homebuyers expected to take advantage of the extended tax credit.Despite the changing market, individuals and families are still moving to North Carolina. In the past 12 months ending on July 1, 2009, North Carolina grew by 134,000 residents, the third largest population gain in the Country. North Carolina once again is ranked as the top state in the country for its business climate, according to Site Selection Magazine. Our state was praised for its high tech development and technology-focused academic centers. The economy continues to show signs of leveling off of foreclosures. In November, foreclosure filings fell 8 percent for the fourth consecutive month of improvement. Four states accounted for more than half of all foreclosures in November: California, Florida, Illinois and Michigan. The consumer confidence index also increased in December and improved further in January. The index now stands at 55.9up from 53.6 in December. Interest rates are still low and there are some special programs out there right now with low down payments. We have seen rates on home mortgages here in the area as low as 4 7/8’s and some programs with 100% financing are now back available for those with excellent credit. Give us a call for details. |
Thank you for your interest in the real estate market in Hendersonville.
Apple Country Realty is ready to serve you in all your real estate needs.
2968 Chimney Rock Road | Hendersonville, NC 28792