My winter vacation in Puerto Vallarta was great, as was the warm temps and the sun. The whales were jumping and the seas were calm. The Real Estate Market was also jumping. Appreciation rates were over 20% in a year, now that US citizens can get mortgages. Where can you get beachfront property for $3-400,000? The only problem is the closing costs which amount to about 8%---OUCH!! That's $25,000 on a 300K property.
Anyway, the market in Asheville is still lingering but there does appear to be light at the end of a short tunnel. With mortgage rates at 5.5% and prices at their lowest and great selection, this would be the time to buy. So buyers get off your couches and start looking before the market explodes.
MDZ
www.kellerwilliamsasheville.com
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