Asheville Mountain Real Estate Blog

Asheville, NC real estate for sale. Information for buyers, sellers and mountain homeowners, without pressure. Rich content for those who are far away about what it is like to live here through the generous use of media. And some nostalgia with our, "Baby Boomers' Fun Stuff", Thanks for stopping by.

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Location: Mars Hill, NC, United States

A small, highly personalized real estate firm specializing in mountain homes and land in greater Asheville.

Monday, May 05, 2008

Asheville Foreclosure Statistics: First Quarter 2008

Of late, The Asheville Citizen Times is on a small flurry of local real estate news and reports. Their latest installment has to do with foreclosures in our Western Counties.

The bottom line is that the Asheville region is experiencing foreclosures at a rate that is roughly one-third that of North Carolina as a whole. The Tar Heel State itself comes in at around one-half of the national average, which is still high enough to rank 18th in the nation.

With foreclosures on a national basis up 112% from last year, the phenomenon represents a significant source of pent up supply. We have written about several, possibly overlooked sources of pent up supply in the past.

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Black Bear Realty Website
828 689 2055
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