Asheville’s Economic Outlook
February 22nd, 2010 categories: Asheville Economy
I saw some very pertinent information from Moody’s today that I want to share with everyone. As a lot of you already know, Asheville is not the least expensive place to live. It offers quite a bit to a potential home owner: Fantastic Blue Ridge Mountain views, an ecclectic cultural community, UNC-Asheville, a ton of great restaurants, friendly people and on and on . . . but I have had a few people ask me why housing isn’t cheaper here. I’ve tried to explain that: 1. Asheville is very sought after, 2. Although we have had a correction in prices, similiar to the rest of the country, our correction hasn’t been as deep. Why? Because the demand is still here, people want to live and be in Asheville . So, with that said, I finally have some backup from the widely known Moody’s, take a look at this graph:
House Prices
Another area I also wanted to show you was Asheville’s employment performance against the rest of the country. We’re holding our own here in Western North Carolina, which is always good for the housing market.
Relative Employment Performance
