Archive for February, 2009

Renters Losing their Edge

Thursday, February 26th, 2009

According to a recent article in The Wall Street Journal, the relative cost of owning a home versus renting is swinging back in favor of home ownership in some U.S. markets due in part to declining home prices.
In the past, as home prices increased, the demand for rentals increased, widening the gap between owning versus renting.  [...]

First Time Home Buyer Tax Credit for 2009

Wednesday, February 25th, 2009

First Time Home Buyers in Asheville may benefit from the First Time Home Buyer Tax Credit. 
For a purchase of a principal residence, the new bill will provide $8,000 tax credit available for first time home buyers if they purchase on or after January 1, 2009 before December 1, 2009. 

First time home buyer - someone who [...]

Reynolds Mountain Announces New Incentives

Tuesday, February 24th, 2009

Not one but two great reasons to look at these
luxury townhomes in Reynolds Mountain.
#1   
Until May 15, 2009, purchase a finished townhome from Reynolds Mountain developer and receive a complimentary 2 year lease on a well equipped new BMW X5 3.0 SAV or 535Xi from BMW of Asheville.

Experience the ultimate in lock and leave luxury
This townhome [...]

Is it time to move OUT of Florida?

Friday, February 13th, 2009

Western North Carolina has long been a summer vacation and second home destination for the citizens of Florida.  If you live in Florida, is it time to call it quits and move up to the mountains full time?
What really got me thinking about Florida was this little tidbit in the Wall Street Journal the other [...]

Asheville real estate investors benefit from Fannie Mae rule change

Wednesday, February 11th, 2009

Beginning on March 1, 2009, Asheville real estate investors will be allowed to own up to 10 properties, using conforming Fannie Mae loans, under the new Fannie Mae rules.  Until this change, investors had been able to hold only four properties using conforming Fannie Mae loans.  This is a return to the rules we operated [...]