George Real Estate Group Radio Broadcast

The Real Estate Market Beyond the Headlines: Insights from Western North Carolina


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When headlines warn of economic uncertainty and market slowdowns, it's easy to hit pause on real estate dreams. But what if waiting costs you more in the long run? The George Real Estate Group's latest podcast challenges conventional wisdom about today's housing market with surprising data from Western North Carolina.

Contrary to national narratives, Henderson County has seen more homes sold this year than last, with neighboring counties showing diverse market conditions. Henderson County maintains a seller's market with a 4.67-month supply and an average home price of $538,000, while Buncombe County has shifted to a balanced market and Transylvania County now favors buyers with its seven-month inventory.

For those waiting for a recession to make housing more affordable, history tells a different story. Prices actually increased during four of the last six economic downturns. While mortgage rates typically fall during recessions, creating better affordability, the expected price drops often don't materialize. As Navy Federal Credit Union economist Robert Frick puts it: "Hopes that an economic slowdown will depress housing prices are wishful thinking."

The podcast offers fascinating historical context—from the $4,000 median home price of the 1920s to today's $430,000 national average—showing real estate's remarkable long-term appreciation through countless economic cycles. This perspective reinforces why homeownership remains a powerful wealth-building tool despite market fluctuations.

Beyond market analysis, the conversation acknowledges that real estate decisions happen amid life's most significant moments—both joyful and challenging. Whether you're relocating for a dream job, downsizing after children leave home, or navigating inheritance questions, having experienced advocates makes all the difference.

Ready to discuss your unique situation? Connect with the George Real Estate Group for a no-pressure consultation about buying, selling, or investing in today's market. Because waiting for perfect conditions might mean missing the opportunity that's available right now.

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George Real Estate Group Radio BroadcastBy George Real Estate Group