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.

1. SLOW STEADY GROWTH
November 2013
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2. CONSUMERS SHOULD BE AT EASE
November 2013
“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 HUMPHRIES
Chief Economist for Zillow
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3. ASKING PRICES HEADED DOWN
November 2013
“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 KOLKO
Trulia’s Chief Economist
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4. PRICE INCREASES PULLING BACK
November 2013
North Carolina Mountains MLS
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5. ASKING PRICES HEADED DOWN
November 2013
“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 SHILLER
Nobel Prize Winning Economist
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6. SLOW STEADY GROWTH
November 2013
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7. A SLOWER PACE IS POSITIVE
November 2013
“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 ANALYTICS
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8. CONSIDERING ALL OPINIONS
November 2013
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