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Asheville, NC Real Estate Boom Continues
Copyright © 2005,
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Asheville, North Carolina. The Asheville real estate boom
continues. Numbers do not lie and housing appreciation rates for
the past year as well as the past five years indicate that those
looking to invest in the real estate market in North Carolina
would be wise to consider Asheville as a strong potential
investment location. According to House Price Index released on
December 1, 2005 by the Office of Federal Housing Enterprise
Oversight for the third quarter in 2005, Asheville, NC continues
to make a strong showing.
The numbers in the past year as well as the past five years
indicate that the real estate boom is continuing. Asheville is
currently ranked 129 out of 265 metropolitan areas in their
standings and posted an 8.38% change in housing prices over the
past year as well as an astronomical gain of 41.35% over the past
five years giving an apparent indication that the real estate
boom in Asheville, North Carolina is continuing. The fourth
quarter reports from 2004, 2003, 2002 and 2001 indicate annual
housing price gains of 4.30%, 7.99%, 4.71% and 4.88% respectively
lending further proof to the fact that the real estate boom is
continuing in Asheville.
Asheville had a significant real estate boom almost a hundred
years ago but in a true example of history repeating itself
Asheville is experiencing a comparable boom in modern times. Some
may even argue that the real estate boom never really declined
and has instead simply maintained itself.
The reasons for the real estate boom may involve various factors
but many say that a change in attitude might be the cause of the
continuing real estate boom in Asheville. As more and more
Americans are coming to realize that there is more to life than
working in corporate America, they are flocking to towns like
Asheville, North Carolina where they can experience a slower pace
and a more easy going lifestyle. Once known as Eden Land for its
majestic beauty, many are realizing that Asheville is one city
that has managed to resist modernization, and it remains a true
Garden of Eden. The downtown area is thriving, yet it still
maintains its historic charm and is still surrounded by the
glorious Blue Ridge Mountains that set Asheville apart from all
other cities.
According to the Asheville Real Estate Network, with so
much to offer, it is clear why Asheville, North Carolina
continuously ranks high on lists of best places to live, work,
vacation and retire. The multitude of available activities,
friendly atmosphere and slower pace all contribute to why
Asheville has become such a popular destination. It is precisely
these reasons that contribute to Asheville's continuing real
estate boom. The housing price index has showed a trend of
steadily increasing housing prices over the past five years.
This fact, coupled with the appeal of the area and the national
attention the area receives from polls ranking the livability of
cities, indicates that the real estate boom is here to stay for
the foreseeable future. With so many people wanting to enjoy the
benefits of living in such an incredible city, the economy is
growing, new construction is on the rise, and with all of that
comes a real estate boom that can prove very profitable for those
who wish to invest in a home in the Asheville, NC area.
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Writer's Resource Box:
Asheville Real Estate Network -
Real Asheville People selling Asheville Real Property.
Search for property, find homes, and get property appraised.
We serve Western North Carolina 828-254-5767
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