Curtis Seltzer has written an interesting analysis of real estate values in rural and smaller second home markets, and he mentions Asheville NC real estate as one area that may contain good buying opportunities during the year ahead.  The whole piece is a good read.

“Vacation-home prices have also held up better than metropolitan housing, which dropped 20% in the 20 largest metropolitan areas tracked by the S&P/Case-Shiller composite house price index in the 18 months following a mid-2006 high…

Why have second homes and owner-occupied rural housing proved more price-stable than metro housing during the last two years? Several reasons come to mind.”

http://rismedia.com/wp/2009-01-18/is-2009-the-time-to-buy-a-second-home/

– Clark Mackey, Sparkdog

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