Tuesday, May 06, 2008

Housing Market in USA Today

In case you didn't manage to snag one from your fifth-grader here's the link to the USA Today story on the housing market that features Asheville. Excerpt:

"The market started falling apart every place else, and we were just chugging right along," says Tom Tveidt, director of research at the Asheville Area Chamber of Commerce.

But this year — belatedly but unmistakably — the housing slump struck the Asheville area. Though home prices haven't fallen drastically, sales have. The primary cause has been a drop-off in out-of-state buyers.

"We're a destination market," says Terry Horner, president of the Asheville Board of Realtors. "It's a desirable place to live."

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