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Beverly-Hanks & Associates considers national housing industry trends and examines how they are effecting the greater Asheville, Waynesville, and Hendersonville areas of Western North Carolina.
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CONTACT US Beverly-Hanks & Associates
Phone: 866.858.2257 beverly-hanks.com
© 2013 Beverly-Hanks & Associates - All Rights Reserved.
SLOW STEADY GROWTHNovember 2013
CONSUMERS SHOULD BE AT EASE
© 2013 Beverly-Hanks & Associates - All Rights Reserved.
“If home values continued to rise as they have, relatively unchecked, we would almost certainly be headed into another bubble cycle, and nobody want that… This moderation should help consumers feel more at ease in their decision to buy and sell and will help to keep the market balanced.”
STAN HUMPHRIESChief Economist for Zillow
November 2013
CONTACT US Beverly-Hanks & Associates
Phone: 866.858.2257 beverly-hanks.com
ASKING PRICES HEADED DOWN
© 2013 Beverly-Hanks & Associates - All Rights Reserved.
“Asking home prices gives us the first look at where home sale prices are headed, and they point to a slowdown. After rising rapidly in the first half of 2013, asking prices in two thirds of the largest metros are cooling. In fact, asking prices are falling—not just rising more slowly—in 11 of the 100 largest metros, the most markets to see prices slip in six months.”
JED KOLKOTrulia’s Chief Economist
CONTACT US Beverly-Hanks & Associates
Phone: 866.858.2257 beverly-hanks.com
November 2013
CONTACT US Beverly-Hanks & Associates
Phone: 866.858.2257 beverly-hanks.com
© 2013 Beverly-Hanks & Associates - All Rights Reserved.
PRICE INCREASES PULLING BACK
North Carolina Mountains MLS
November 2013
ASKING PRICES HEADED DOWN
© 2013 Beverly-Hanks & Associates - All Rights Reserved.
“I define a bubble as a time when people have extravagant expectations, and the expectations are driving home price increases. We don’t have the mindset of earlier in this century… Affordability is still good compared any time over the last 50 years.”
ROBERT SHILLERNobel Prize Winning Economist
CONTACT US Beverly-Hanks & Associates
Phone: 866.858.2257 beverly-hanks.com
November 2013
CONTACT US Beverly-Hanks & Associates
Phone: 866.858.2257 beverly-hanks.com
© 2013 Beverly-Hanks & Associates - All Rights Reserved.
SLOW STEADY GROWTHNovember 2013
A SLOWER PACE IS POSITIVE
© 2013 Beverly-Hanks & Associates - All Rights Reserved.
“The rapid price gains of the last year cannot be sustained and we expect the pace to decline substantially… A slower pace is a positive for housing demand and will help to keep affordability from further eroding.”
MOODY’S ANALYTICSCONTACT US
Beverly-Hanks & Associates Phone: 866.858.2257
beverly-hanks.com
November 2013
CONTACT US Beverly-Hanks & Associates
Phone: 866.858.2257 beverly-hanks.com
© 2013 Beverly-Hanks & Associates - All Rights Reserved.
CONSIDERING ALL OPINIONSNovember 2013