Archive for September, 2007

As I indicated in my last article, my intent was to write a piece on vacation rental property in our area this time.  Folks have been stopping me on the street, however, to ask me about the impact of the national housing market on Black Mountain, so I have decided to postpone my planned article until next month and take a look at the numbers here to assess how our housing market is holding up.

I assume that everyone has been reading the national headlines.  Just this week, The New York Times has written “Pending Home Sales Sink in July” and “Stocks Fall in Home Sales Report”.  Other newspapers echo that news with “Housing Market Worst Since Depression”, “Five Months of Declining Value in Housing Market”, and “Nine Month Inventory of Homes on Market.”

So what is happening in Black Mountain?  As usual when asked that question I turn to the numbers for my answer.  Using our regional Multiple Listing Service (MLS) system, I have to say I am encouraged by what I see. (more…)