April 3, 2025 • 31 mins
The resilience of Western North Carolina's real estate market takes center stage as we explore remarkable growth patterns despite economic uncertainties. Henderson County's housing market shows surprising strength with a 7% increase in homes sold year-to-date compared to 2024, maintaining a healthy 3.5-month inventory supply that continues to favor sellers.
Drawing on two decades of real estate experience, we examine how dramatically our market has transformed since 2011, when a two-year supply of inventory made selling challenging, to today's balanced but still seller-friendly environment. The average Henderson County home price stands at $546,000, while median prices have more than doubled over the past decade, climbing from $215,000 in 2015 to $495,000 in early 2025.
Recent migration patterns play a significant role in our market's resilience, with North Carolina ranking as the fifth most popular destination for relocations according to United Van Lines. As people leave states like California, New York, and Illinois seeking better quality of life, our communities continue to attract new residents drawn to our mountains, outdoor recreation, and welcoming atmosphere.
For those concerned about recession impacts on housing, historical data offers reassurance. Unlike the 2008 housing crisis (an anomaly in economic history), most recessions don't trigger significant home price drops. In fact, prices rose during four of the last six recessions, while mortgage rates typically declined. This pattern suggests that even during economic uncertainty, housing often remains a stable investment—particularly in desirable locations like Western North Carolina.
Whether you're contemplating selling your current home, searching for a new property, exploring investment opportunities, or considering a real estate career, we're here to provide data-driven guidance tailored to your unique situation. Call us at 828-393-0134 or visit realestatebygregcom to discover how we can help navigate your real estate journey with experienced, thoughtful support.
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Episode Transcript
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Speaker 1 (00:00):
Hello friends, thank you so much for being here.
This is the George Real EstateGroup podcast, which is a
production of our live weeklyradio shows hosted on multiple
radio stations here inHendersonville, north Carolina.
The George Real Estate Groupserves Western North Carolina
and upstate South Carolina andit is a privilege to share
positive news about our localreal estate market and community
(00:23):
.
Thanks so much for subscribingand, of course, if you have any
real estate questions or if wecan help you in any way, be sure
to reach out.
Visit us atgeorgerealestategroupradiocom
for more information.
Good morning and welcome to theGeorge Real Estate Group live
radio broadcast here on WHKPevery Thursday morning, sharing
(00:44):
with you about positive newsabout your local real estate
market and community.
We're so grateful to be herewith you.
This is our first show of April.
Time's flying by.
I will say I'm so thankful forthe rain.
I know I heard it said lastweek, six months ago, we were
praying for relief from the rain, and now we were praying for
relief from the rain, and now wewere praying for rain for
(01:05):
relief.
Uh, what a unique time we're inand just so grateful for the
rain and, again, the continuedefforts of, uh, the local, uh,
our local uh, you know communityin our whether it's our
firefighters, our, our lawenforcement, our local
government, the everything thatwas just all the efforts done to
(01:26):
walk through that challengethat our community faced Again
just so recently after thehurricane, and then to be facing
the fires that we had and,again, so grateful for the rain.
We're so thankful to be herewith you.
This is.
We're here every Thursdaymorning.
We're here.
We've been actually doing thisprogram since 2011.
The market, real estate marketit's so fascinating.
(01:48):
When I started the radio showin 2011, I'd had my real estate
license since 05, so only sixyears into the business.
Now I have had my broker'slicense for 20 years and the
market then in 2011 was verychallenging.
In some cases we had a two-yearsupply of inventory only some
(02:09):
70 homes a month selling.
And here we are now.
You know, here we are in 2025.
We're averaging some 124 homesa month selling.
We have like athree-and-a-half-month supply,
which is great, considering it'sall relative right the real
estate market, the interestrates, the economy, the housing
market and we are.
(02:31):
If you look nationwide, we'redown to some 4 million homes
annually.
But the growth that theCarolinas has experienced I saw
recently by United moving vansthat North Carolina was in their
top 10 list of incoming movingin.
North Carolina was rankednumber five of top inbound
(02:52):
states from the company UnitedMoving Vans.
United Vans sorry, united VanLines the top North Carolina was
in the top inbound states of2024.
You can imagine you might notbe surprised at the top five
(03:13):
moving out states.
Outbound states for United vanlines was New Jersey, illinois,
new York, california andMassachusetts.
Their top five inbound stateswas West Virginia, delaware,
south Carolina, district ofColumbia and then North Carolina
.
Isn't that interesting for 2024?
But the growth that we'veexperienced for all the reasons
(03:34):
quality of life, the beautifulclimate, the beautiful mountains
we live in the outdoors, thewonderful, generous people that
live here.
And, by the way, we highlightthat every Friday morning we
have our Hometown Heroes serieshere on WHKP.
It's a privilege and honor tosponsor the Hometown Heroes
series, speaking of which, tunein tomorrow morning at 845.
(03:57):
Rosie and Matt Rogers.
They were one of the familiesthat lost their home in the
wildfires.
They just recently had movedback in after the bridge had
been put back, um, but then, uh,not long after I don't know if
it's week or two weeks afterthey they got access to their,
their neighborhood because ofthe bridge being out.
Uh, they then lost their homeit was called cabin of hope in
(04:19):
the wildfires.
Um, them, along with otherswe've known, we know that lost
their homes Again, it's just a.
It's a lot to comprehend andprocess, but the generosity and
how people face challenges andyou know difficulties and I know
Matt's not wanting to talkabout themselves and we will
talk about the incredibleefforts of the community and the
(04:42):
firefighters and the firstresponders and those serving the
community, that that that worksso hard to fight the fires and
to save our, our, our communityand homes.
Again, so thankful for the rain.
But the the interesting thing is, again, when you look at 2025,
versus, you know, 2011,.
When I started the real theradio show, again, the, the, we
(05:03):
and we focused on positive newsbecause there was this I mean,
there's this perception of thesky's falling and you might even
feel that now, and I've heardof so many real estate offices
that are closing their doors, umand versus, again, there's
there's.
We're so grateful We've beenactually growing and helping
more people in this currentenvironment, um, and and there's
opportunity to serve thecommunity through real estate.
(05:24):
We know real estate happens,regardless of interest rates or
if there's a pandemic or ifthere's a hurricane.
Real estate is essential to ourlives having a place to live
and to call home and whetherit's a positive reason why
you're buying or selling orwhether it's a challenging
reason I mean there's so manyreasons why you might be buying
or selling, not to mention ushelping our clients navigate
(05:45):
through their real estateinvestments, and whether they
have a commercial investment orthey have a real estate
portfolio with rentals, I mean,and we have 1031 exchange
opportunities and strategies andplaces to park money and places
to avoid capital gains.
I mean there's so many thingsthat are involved with that,
that happen around real estateand and we're so grateful to
(06:09):
help our clients um navigatethrough that.
So if you're thinking of buying, selling or investing, or uh
considering, uh liquidating yourreal estate portfolio or adding
to it, or uh want to talk aboutcommercial real estate or raw
land, whatever it might be, Imean we are.
We have the capacity and theexperience and the knowledge and
systems to help you navigatethrough that.
So give us a call.
(06:29):
828-393-0134, 828-393-0134.
Find us online atrealestatebygregcom.
Also, follow us on social media.
We're on Instagram and Facebook, you know.
We're just grateful.
We also podcast all of ourradio shows so you can find that
on your favorite podcastplatform.
(06:51):
We have a new listing going onthe market today and actually
there's going to be an openhouse on Friday, which is
exciting.
An open house on Friday at 29Wintory Drive.
In 29 Wintory Drive inHendersonville, in the very
desirable Blue Ridge Villasneighborhood, there's going to
be an open house tomorrow from11 to 1.
This home's hitting the markettoday and then there'll be an
(07:13):
open house tomorrow from 11 to 1, hosted by Wendy Morris and
grateful for our agents,grateful for our clients, and so
keep an eye out for that.
We have also other newinventory and homes hitting the
market.
If you want to check it out,you can go to our website
realestatebygregcom.
We have great clients.
We have great inventory.
We're just thankful and we lovewe're so passionate and
(07:36):
enthusiastic about helping ourclients and helping our agents
too.
If you've thought about a careerin real estate or currently
have a license and not, you know, not sure what you're doing in
the industry, but looking forsome direction and some guidance
and some coaching, we'd begrateful to have that
conversation too.
The interesting thing is thatthere's a lot of conversations
(07:58):
about recession and you know,and it's all over the news the
odds of the recession are risingand people wonder what's a
recession?
What could it do to the housingmarket if we in fact do go into
a recession?
But history can certainly giveus some stories and can give us
some information.
(08:19):
Recession doesn't mean homeprices will fall, and that
always goes to supply and demand, and I will talk about our
local supply and demand.
But you know, if you know,people think back to 2008 and
then I was mentioning earlier2011, when you know the bottom
(08:39):
of the real estate market, youknow in that cycle.
But you know people think if arecession hits, home prices will
fall like they did in 2008.
But that was actually theexception, not the rule, and you
can see this on our more recentblog post.
You can go to our radio website, georgerrealestategroupradiocom
, and see our blog post there.
(09:00):
But it was actually the onlytime we saw such a steep drop in
prices and it hasn't happenedsince.
There's data from CoreLogic Infour of the last six recessions,
home prices actually went upand there's a graph on the blog
post.
You can see that.
So if you're thinking aboutbuying or selling, don't assume
(09:22):
a recession will lead to a crashin home prices.
The data doesn't support thatand instead, usually home prices
follow whatever trajectorythey're already on and right now
, nationally, home prices arestill rising at a more normal
pace.
Now, mortgage rates typicallydecline during recessions, while
(09:42):
home prices tend to stay ontheir current path.
Mortgage rates usually dropduring economic slowdowns and
again, there's more data fromthat.
You know there's been the lastsix recessions.
Mortgage rates actually fell,so a recession means mortgage
rates could decline based on thedata.
You know do not expect them togo back to the 3%, but you know
(10:06):
they could go down, which willhelp with affordability.
You know we don't know about ifthere's going to be a recession
or not.
It's, you know.
No one knows the future.
Certainly the odds have gone up, but that doesn't mean you have
to wonder about the impact onthe housing market and we can
look back on history and I willsay this it's also interesting
Again.
I had my broker's license for20 years.
(10:28):
The real estate market continuesand it will continue to move
Again, whether there's a youcould call it a seller's market
or a buyer's market, and that'sdetermined by inventory and
demand.
Currently, we're still in aseller's market.
Also, regardless of interestrates.
We know that life goes on.
Therefore real estate goes on.
I mean one in three homes soldsingle family homes sold in
(10:51):
Henderson County are purchasedwith cash and so we continue to
see cash moving through themarket.
Here's some great news.
If we just look at the firstthree months of the year this
year versus last year, we've hada 7% increase in the number of
homes sold year to date thisyear versus year to date last
(11:12):
year.
So that's really positive newsand significant Again, 7%
increase.
When you look at single familyhomes sold in Henderson County,
we've had a 7% increase in thenumber of homes sold.
So again, the market's stronghere.
It's healthy.
If you look at supply and demand.
If you look in the last 12months, we've had some 1,500
(11:34):
single-family homes sold.
There's only 440 active homeson the market.
Now the average single-familyhome price if you look at the
last rolling 12 months, thatnumber's gone down a little bit.
I mean at one point we were at550 or 551, now at 546.
So that number's, you know it'sgone down a little bit.
It's still hovering around that550 mark but 546 is the average
(11:56):
single family home price overthe last 12 months in Henderson
County.
But again, low inventory only440 active single family homes
on the market, you know.
And then with some 1,503single-family homes sold, that's
125.
So the 125 divided by the 440,that's how we determine
inventory supply.
Month's supply we have a threeand a half months of inventory
(12:19):
If there was no more homes thathit the market and we continued
at the rate of 125 homes a monthselling.
Again, that's a.
You know this is the averageand obviously there's different
price points that have differentdemand and inventory.
But the overall market inHenderson County is still a
seller's market, you know.
So what does that mean for you?
Again, your unique home, yourunique situation, your uh, your
(12:42):
choices, your life circumstances.
You know we take a two-stepapproach at the George Real
Estate Group.
If you're curious what yourhome is worth, if you're curious
, do you sell before you buy?
Do you buy before you sell?
And we'd certainly love tointerview for the job.
There's no pressure, there's nocost, there's no obligation for
confidential consultation.
Just if you're curious aboutthe economy, if you're curious
(13:04):
about the housing market, ifyou're curious about your
specific home, you know whatwould you do to get your home
ready to go on the market.
You know, are there things youwould do to to prepare and to
stage it and to to make sure.
Now everybody has to decidebetween time and money and and,
you know, between you know ifyou the the time on the market
has increased a little bit, butit's still.
It's still relatively shortcompared.
(13:27):
It gets it's a little bitthings.
Days on market have been goingup, uh, over the last few years,
but compared to where we were,um, you know, you know days on
market, uh, if you look over thelast and again, single family
homes, if you look at the last,you know few.
If you look at the last fewyears, I mean we've seen a
(13:48):
slight increase.
Average cumulative days onmarket.
We're right now at 64 days.
Last year was at 50 days and2023 was at 38 days and 2021,
2022 was at 28 days.
We still see homes are movingquickly when you look at 64 days
(14:09):
.
So two months on average rightnow cumulative days on market,
that's not too bad.
I remember.
I remember years ago I mean atsome point we were over a
hundred days on market.
Yeah, actually back in 2015,.
10 years ago, our average dayson market was 137 days on market
.
That was normal.
(14:29):
And again, the data can tell usa story of what's going on.
And so you know the story ofinventory, the story of you know
how much is actually available.
You know we have seen a slightincrease in the inventory.
We, you know we also have seenstrong price appreciation, the
(14:52):
median closed price, I mean, ifyou look at the last 10 years if
you look at the last 10 yearsof single-family homes in
Henderson County, this is justamazing to consider.
The median closed price inHenderson County in 2015 was at
$215,000.
And then it went up as high asin 2024, that median home price
(15:12):
jumped up as high as $470,000.
And then so far this year andagain we're only three months in
our median home price is at$495,000.
And that's the median homeprice if you look over the last
10 years, but I mean over doublethe median home price.
Now, the average price, themedian's different than the
average price.
If you look at just so far thisyear, our average price is at
(15:37):
518.
I mentioned.
If you look at the 12 monthaverage, we're at 546.
So again, the numbers tell astory and again we look, look at
it in in context to yourspecific home, your specific
situation.
Uh, you know the location, thecondition, the age, the, the
improvements you've made, and wework with all types and all
(15:58):
price points.
I mean we work with fixeruppers to the, to the luxury
homes we work with, you know,multimillion dollar properties
and clients, and so, if you'rewhatever your situation is,
again, I have 20 years ofexperience.
Our team has over a hundredyears of combined experience and
so we bring a lot of experienceand systems and proven and
(16:20):
predictable processes andguidance for your situation.
So if you're curious and youwant to have a conversation,
we'd love to sit down, we'd loveto interview for the job.
You can call us directly at828-393-0134, 828-393-0134.
You can stop by our officethere in Flat Rock at 2720
Greenville Highway.
(16:41):
We're right next to our friendsat the Flat Rock Bakery, our
friends at Hubba Hubba Barbecue,our friends at Hubba Lou and
Campfire Grill and the WrinkledEgg.
We're on Rainbow Row there inFlat Rock but we'd love for you
to stop in and say hello andconnect with us.
You can follow us on our socialmedia and we post about our new
listings, we post about ouropen houses, we post about the
(17:03):
successes we've had and ourdifferent agents and we'd love
to connect with you.
Follow us on Instagram orFacebook.
We also podcast all of ourradio shows.
We recently passed over 10,000downloads of our radio show on
the podcast and we've just beendoing the podcast a couple of
years.
But follow us on your favoritepodcast platform and we do a
number of different radioprograms, including the Hometown
(17:25):
Heroes series tomorrow morning,every Friday morning at 845.
You know, in the last seven daysagain we look at the last 12
months, we look at year to datebut just in the last seven days
there's been 49 new listings.
There's been this isinteresting 48 price reductions.
Prices are being reduced.
(17:46):
You cannot underprice your homein the market.
In any market, you can'toverprice your home.
Now no one's taken me up onthis extreme example, but you
could price your home at adollar and if it's really worth
$500,000, the market will bid itup.
When you tell the whole worldthat it's for sale, it will bid
it up.
But there has been 48 pricereductions.
(18:08):
Sale it will bid it up.
But there has been 48 pricereductions 49 new listings, 48
price reductions.
There's been 35 homes go undercontract.
So you know it's almost.
As you know, there's been moreinventory coming on the market
than being taken off the marketand then 39 homes closed in the
last seven days.
So 35 homes went under contractjust in a seven day period and
(18:32):
then 39 homes closed.
And we watch the market, wewatch what's going on Now.
We see the inventory, we watchwhat's closing, we got our
finger on the pulse of what'sgoing on and again you can reach
out to us 828-393-0134,.
(18:53):
828-393-0134.
You know.
The other thing is you know andlet's talk about pricing your
home.
I mean the number one thingthat sellers need to know about.
They're asking prices.
You know, when you put yourhouse in the market and again,
another blog post on our websitewhen you put your house on the
market, you want to sell and youwant to sell it quickly and for
(19:13):
the best price.
That's generally the goal Sellit as quick as possible for the
best price possible.
You know, too many sellers areshooting too high right now.
Like I said, 39 pricereductions here locally in the
last seven days and a lot ofsellers don't realize the market
has shifted as inventory hasgrown.
You know the side effect isprice cuts are on the rise, but
(19:37):
they really don't have to be.
So you know, according to thefrom recent data from realtorcom
, in February, price cuts werethe highest they've been in any
other February since 2019.
And if you consider that 2019was the last true normal year
for the housing market, that's abig deal.
(19:57):
So we're getting back to what'stypical for the housing market.
This isn't the same frenziedseller market we saw a few years
ago and you may not get thesame price your neighbor did at
the height of the pandemic, andthat means you may need to reset
your expectations.
But the reality is, if youshoot too high and have to lower
your price after the fact, youmight end up actually with less
(20:20):
than if you'd have priced itright from the start.
So how do you avoid that?
I mean, you get to decide whatyou do, but you can listen and
lean on your agent.
You know how an agent can helpyou nail the price right.
The great agent just doesn'tpull numbers out of the air.
They use real data and markettrends.
(20:40):
Our agents at the Georgia RealEstate Group are watching the
market.
We're studying the market.
The data tells a story.
The price in the home not justhome, it could be your land, it
could be a condo, it could beresidential.
But again, pricing the home iscritical.
So pricing it at a realisticprice that's going to draw in
(21:01):
serious buyers.
So looking at recent sales,looking at local trends, looking
at again what strategy you haveand then, of course, the the
condition of the home.
We had a recent situation wherewe tried a price that was higher
than what the data showed andwe tried it out.
(21:21):
We're getting showings but weweren't getting offers.
And then, over time, you know,working closely with a seller,
you know the seller's ultimatelythe one in control, deciding
where you want to price it.
We tried higher than what thedata suggested and the market
didn't respond to it.
So we, over time, dropped theprice strategically and then yes
, this is so interesting to meyou know you're on the market
(21:43):
for four or five months andyou're getting showings.
For four or five months andyou're getting showings.
And then, when we drop theprice over time, we get to the
you know, quote fighting weightof the home.
We get multiple offers on theproperty and you might say to
yourself, well, why didn't youget multiple offers on the
property?
You know, at the beginning,well, the price wasn't a
competitive price.
(22:04):
And so you know buyers mightnot even look at it if you price
it too high.
And even if they see a homethat seems overpriced, they
might not even go look at it.
Versus I know we hear it allthe time from sellers well, just
make me an offer.
Well, sellers, I appreciatethat.
However, the price that homesare selling for relative to
(22:28):
their asking price is stayingpretty close.
I mean, when you look at thelast and I'm going to pull the
data up.
When you look at the price thisclosed price compared to the
sold price, it does impact andwe can see that homes over know
(22:49):
over the years, homes have beenselling closer to the original
price than before.
But you know, over the last,you know 10 years.
When you look at the data, youknow, back in 2022, homes
compared to the original pricethe average with things were
selling at 99.7%.
In 2023, homes were selling at97.9%.
(23:12):
In 2024, this is closed price.
Compared to the original price,they were selling at 96.5%.
And then this year so far,we're at 95.8% of the original
asking price compared to the ofthe original asking price
compared to the sold price.
But if you look at the closedprice compared to the current
(23:34):
list price, things are sellingat 97.
So far this year, 97.6%.
So even when home prices havebeen dropping, sellers are
staying fairly close to theprice From the original price.
This year so far, we're at 95%.
And then if you look at theclosed price to the current
(23:56):
sales price, we're selling atalmost 98%.
So this is where buyers thinkthey can come in.
We're going to offer $100,000less.
Sellers just don't have to dothat because of the current
market.
We're in, yes, are there pricereductions happening?
Yes, but we're still in aseller's market.
We still have low inventory.
There's still less than 450homes on the market, single
(24:17):
family homes and we continue tosee 125 single family homes a
month selling.
I know I get into the weeds withthe numbers, but we love
studying the numbers.
The numbers tell a story.
Ultimately, though, your uniquesituation, your unique home,
your unique condition andlocation there's so many factors
(24:38):
that go into play and that'swhy we take it from a very
specific approach to you and toyour home.
And again, do you want to sellbefore you buy?
Do you want to buy before yousell?
Are you moving into aretirement community?
Are you working with an estatethat you're having to sell, a
family member's home?
Is it a divorce?
I mean, life happens.
Therefore, real estate happens,and we don't take it lightly,
(24:59):
and it's an honor and privilegeto walk alongside with our
clients navigating through life.
And then we bring along theexpertise and the knowledge and
the systems and the informationabout the housing market, and we
can have really hard,challenging conversations, but
it's the truth combined with thecare, it's care and candor
(25:23):
combined that ultimately providethe information for our clients
and walk alongside our clients.
And we're here to advocate andwe're here to facilitate.
And so if you're just curiousabout what does that look like
to your specific situation?
What does it look like for yourhome, what does it look like
for your family?
And we'd love to have theconversation and there's zero
(25:45):
pressure or obligation.
But we meet with people everysingle day navigating through
what's the right thing for me todo in regards to real estate,
whether it's your investmentsand your portfolio, or maybe
it's your personal home, I meanand then the tax implications,
and we can shed a lot of lighton your situation.
And, by the way, I want to justsay publicly just so grateful
(26:07):
the amount of phone calls thatcome into our office from this
radio program, and we're justgrateful we don't take it
lightly for our listeners thathave recommended us, our
listeners that have called intous and have hired us and call in
every single week, that we'rejust so grateful for that.
And so thank you so much foryour support at the George
Rilsay Group.
We love and love and lovesupporting our community.
(26:30):
We love, we're passionate abouthelping our clients and our
agents.
We have an incredible team.
We have an incredible groupwith our staff and our
leadership team and our agents.
We have an incredible team.
We have an incredible groupwith our staff and our
leadership team and our agents,and we're so thankful for the
opportunity to work in thiscommunity and, by the way, we
work in all of Western NorthCarolina.
We also work in upstate SouthCarolina and, again, we'd be
(26:50):
grateful to have theconversation.
If you know somebody gettingtheir real estate license,
whatever your perception is, youmight say, wow, why people,
people are getting their realestate license all the time.
Um, but there's also a massexodus of people getting into
the industry, which is fine too.
It's it's not for the light ofart or you know, but it is so
rewarding and it's so incredibleto help our clients in regards
(27:15):
to real estate.
And it's about therelationships, it's about the
advocating and the facilitating.
So, you know, if you'rethinking about getting your real
estate license, let's have aconversation.
Maybe you just got your realestate license, let's have a
conversation.
We're growing, we're hiring,we're helping people launch
their careers.
I mean, there's someinteresting statistics Only one
in 10 new licensees today willbe in business in the next five
years.
I mean it's only second toinsurance licenses, you know, as
(27:41):
to the people, the attritionand people getting out of the
business, but there's, if you'rewilling to show up, if you're
willing to work hard and learn,you know there's so much
opportunity and it's a veryrewarding career to help your
clients navigate through realestate and the buying and
selling.
And there's so much opportunity, especially in these
challenging markets that we'rein.
(28:02):
But guess what?
Every single day there's homesbeing sold and listed and homes
going under contract and we'rehelping our clients every single
day.
The market's the market, theinterest rates are the interest
rates.
But we know real estate happensaround life and it's a great
time if you want to have aconversation about the real
estate career.
(28:22):
Also, we've been helpingclients with 1031 exchanges and
if you don't know what thatmeans, you can call us.
It's in regards to a taxstrategy in regards to your real
estate investments and I'm nottalking about residential,
because if you've lived in yourhome two out of a five-year
period and it can be any twoyears of that five-year period
you as an individual, you're notpaying the first $250,000 of
(28:46):
profit, You're not paying taxeson it.
As a married couple, it's$500,000.
But the tax rules are differentfor your investments and what
your basis is, and whether it'sland or whether it's residential
.
And again, we have strategies,we have solutions.
We can help you.
Maybe you're listening to theradio program, maybe you own a
(29:08):
farm and maybe you own land andyou're thinking about hey, I
know it's worth a lot more thanwhat I paid for, but I don't
want to pay these taxes.
Worth a lot more than what Ipaid for it, but I don't want to
pay these taxes.
And, by the way, there's waysto move money from real estate
into other real estateinvestments that are paying a
return.
I mean, there's so manyopportunities out there and
(29:29):
there's ways to consider givingyour real estate to nonprofits.
There's ways to think aboutyour family legacy and there's
strategies that you can talkabout with regards to real
estate.
Well, time flies when you'rehaving fun.
Just so thankful to be herewith you every Thursday morning.
Again, if we can help you inany way, give us a call
828-393-0134.
This is a fun weekend.
We got the final, we gotbasketball happening, the final
(29:54):
four tomorrow with the women'sfinal four, and then the men's
final four this weekend, andagain, it's always a fun time of
year.
I know basketball is somethingI enjoy watching and enjoy.
But again, hope you have awonderful day.
I hope you have a wonderfulrest of your week.
We're so grateful for the rain.
I understand it's going to getwarm tomorrow.
But again, tune in tomorrowmorning at 845.
(30:16):
Also, be sure to subscribe toour podcast.
You can find it on yourfavorite podcast platform.
Have a great day, have a greatweek and we'll see you tomorrow
morning.
Life has a way of throwing usinto deep waters when we least
(30:39):
expect it.
Dr Robin Hainley Defoe knowsthis firsthand.
One winter day her car skiddedon ice and plunged into a
freezing river, trapped insinking darkness.
She had seconds to act.
But instead of panicking, shereminded herself I can do hard
(30:59):
things.
She stayed calm, found a wayout and survived.
At the George Real Estate Group, we know that buying or selling
a home can feel like thatmoment Overwhelming, uncertain,
maybe even a little scary.
But here's the thing you can dohard things and you don't have
to do them alone.
With decades of experience,we're here to guide you every
(31:22):
step of the way, turningchallenges into opportunities.
So if you're thinking aboutmaking a move, let's do it
together.
Call the George Real EstateGroup today because, when it
comes to your future, you'restronger than you think.
Speaker 2 (31:35):
Thank you for listening to the George Real
Estate Group podcast.
Tune in next time for moreindustry news updates and real
estate tips.
You can reach Greg, the GeorgeReal Estate Group, at
828-393-0134 or atrealestatebygregcom.
Hello friends, thank you so much for being here.
This is the George Real EstateGroup podcast, which is a
production of our live weeklyradio shows hosted on multiple
radio stations here inHendersonville, north Carolina.
The George Real Estate Groupserves Western North Carolina
and upstate South Carolina andit is a privilege to share
positive news about our localreal estate market and community
(00:23):
.
Thanks so much for subscribingand, of course, if you have any
real estate questions or if wecan help you in any way, be sure
to reach out.
Visit us atgeorgerealestategroupradiocom
for more information.
Good morning and welcome to theGeorge Real Estate Group live
radio broadcast here on WHKPevery Thursday morning, sharing
(00:44):
with you about positive newsabout your local real estate
market and community.
We're so grateful to be herewith you.
This is our first show of April.
Time's flying by.
I will say I'm so thankful forthe rain.
I know I heard it said lastweek, six months ago, we were
praying for relief from the rain, and now we were praying for
relief from the rain, and now wewere praying for rain for
(01:05):
relief.
Uh, what a unique time we're inand just so grateful for the
rain and, again, the continuedefforts of, uh, the local, uh,
our local uh, you know communityin our whether it's our
firefighters, our, our lawenforcement, our local
government, the everything thatwas just all the efforts done to
(01:26):
walk through that challengethat our community faced Again
just so recently after thehurricane, and then to be facing
the fires that we had and,again, so grateful for the rain.
We're so thankful to be herewith you.
This is.
We're here every Thursdaymorning.
We're here.
We've been actually doing thisprogram since 2011.
The market, real estate marketit's so fascinating.
(01:48):
When I started the radio showin 2011, I'd had my real estate
license since 05, so only sixyears into the business.
Now I have had my broker'slicense for 20 years and the
market then in 2011 was verychallenging.
In some cases we had a two-yearsupply of inventory only some
(02:09):
70 homes a month selling.
And here we are now.
You know, here we are in 2025.
We're averaging some 124 homesa month selling.
We have like athree-and-a-half-month supply,
which is great, considering it'sall relative right the real
estate market, the interestrates, the economy, the housing
market and we are.
(02:31):
If you look nationwide, we'redown to some 4 million homes
annually.
But the growth that theCarolinas has experienced I saw
recently by United moving vansthat North Carolina was in their
top 10 list of incoming movingin.
North Carolina was rankednumber five of top inbound
(02:52):
states from the company UnitedMoving Vans.
United Vans sorry, united VanLines the top North Carolina was
in the top inbound states of2024.
You can imagine you might notbe surprised at the top five
(03:13):
moving out states.
Outbound states for United vanlines was New Jersey, illinois,
new York, california andMassachusetts.
Their top five inbound stateswas West Virginia, delaware,
south Carolina, district ofColumbia and then North Carolina
.
Isn't that interesting for 2024?
But the growth that we'veexperienced for all the reasons
(03:34):
quality of life, the beautifulclimate, the beautiful mountains
we live in the outdoors, thewonderful, generous people that
live here.
And, by the way, we highlightthat every Friday morning we
have our Hometown Heroes serieshere on WHKP.
It's a privilege and honor tosponsor the Hometown Heroes
series, speaking of which, tunein tomorrow morning at 845.
(03:57):
Rosie and Matt Rogers.
They were one of the familiesthat lost their home in the
wildfires.
They just recently had movedback in after the bridge had
been put back, um, but then, uh,not long after I don't know if
it's week or two weeks afterthey they got access to their,
their neighborhood because ofthe bridge being out.
Uh, they then lost their homeit was called cabin of hope in
(04:19):
the wildfires.
Um, them, along with otherswe've known, we know that lost
their homes Again, it's just a.
It's a lot to comprehend andprocess, but the generosity and
how people face challenges andyou know difficulties and I know
Matt's not wanting to talkabout themselves and we will
talk about the incredibleefforts of the community and the
(04:42):
firefighters and the firstresponders and those serving the
community, that that that worksso hard to fight the fires and
to save our, our, our communityand homes.
Again, so thankful for the rain.
But the the interesting thing is, again, when you look at 2025,
versus, you know, 2011,.
When I started the real theradio show, again, the, the, we
(05:03):
and we focused on positive newsbecause there was this I mean,
there's this perception of thesky's falling and you might even
feel that now, and I've heardof so many real estate offices
that are closing their doors, umand versus, again, there's
there's.
We're so grateful We've beenactually growing and helping
more people in this currentenvironment, um, and and there's
opportunity to serve thecommunity through real estate.
(05:24):
We know real estate happens,regardless of interest rates or
if there's a pandemic or ifthere's a hurricane.
Real estate is essential to ourlives having a place to live
and to call home and whetherit's a positive reason why
you're buying or selling orwhether it's a challenging
reason I mean there's so manyreasons why you might be buying
or selling, not to mention ushelping our clients navigate
(05:45):
through their real estateinvestments, and whether they
have a commercial investment orthey have a real estate
portfolio with rentals, I mean,and we have 1031 exchange
opportunities and strategies andplaces to park money and places
to avoid capital gains.
I mean there's so many thingsthat are involved with that,
that happen around real estateand and we're so grateful to
(06:09):
help our clients um navigatethrough that.
So if you're thinking of buying, selling or investing, or uh
considering, uh liquidating yourreal estate portfolio or adding
to it, or uh want to talk aboutcommercial real estate or raw
land, whatever it might be, Imean we are.
We have the capacity and theexperience and the knowledge and
systems to help you navigatethrough that.
So give us a call.
(06:29):
828-393-0134, 828-393-0134.
Find us online atrealestatebygregcom.
Also, follow us on social media.
We're on Instagram and Facebook, you know.
We're just grateful.
We also podcast all of ourradio shows so you can find that
on your favorite podcastplatform.
(06:51):
We have a new listing going onthe market today and actually
there's going to be an openhouse on Friday, which is
exciting.
An open house on Friday at 29Wintory Drive.
In 29 Wintory Drive inHendersonville, in the very
desirable Blue Ridge Villasneighborhood, there's going to
be an open house tomorrow from11 to 1.
This home's hitting the markettoday and then there'll be an
(07:13):
open house tomorrow from 11 to 1, hosted by Wendy Morris and
grateful for our agents,grateful for our clients, and so
keep an eye out for that.
We have also other newinventory and homes hitting the
market.
If you want to check it out,you can go to our website
realestatebygregcom.
We have great clients.
We have great inventory.
We're just thankful and we lovewe're so passionate and
(07:36):
enthusiastic about helping ourclients and helping our agents
too.
If you've thought about a careerin real estate or currently
have a license and not, you know, not sure what you're doing in
the industry, but looking forsome direction and some guidance
and some coaching, we'd begrateful to have that
conversation too.
The interesting thing is thatthere's a lot of conversations
(07:58):
about recession and you know,and it's all over the news the
odds of the recession are risingand people wonder what's a
recession?
What could it do to the housingmarket if we in fact do go into
a recession?
But history can certainly giveus some stories and can give us
some information.
(08:19):
Recession doesn't mean homeprices will fall, and that
always goes to supply and demand, and I will talk about our
local supply and demand.
But you know, if you know,people think back to 2008 and
then I was mentioning earlier2011, when you know the bottom
(08:39):
of the real estate market, youknow in that cycle.
But you know people think if arecession hits, home prices will
fall like they did in 2008.
But that was actually theexception, not the rule, and you
can see this on our more recentblog post.
You can go to our radio website, georgerrealestategroupradiocom
, and see our blog post there.
(09:00):
But it was actually the onlytime we saw such a steep drop in
prices and it hasn't happenedsince.
There's data from CoreLogic Infour of the last six recessions,
home prices actually went upand there's a graph on the blog
post.
You can see that.
So if you're thinking aboutbuying or selling, don't assume
(09:22):
a recession will lead to a crashin home prices.
The data doesn't support thatand instead, usually home prices
follow whatever trajectorythey're already on and right now
, nationally, home prices arestill rising at a more normal
pace.
Now, mortgage rates typicallydecline during recessions, while
(09:42):
home prices tend to stay ontheir current path.
Mortgage rates usually dropduring economic slowdowns and
again, there's more data fromthat.
You know there's been the lastsix recessions.
Mortgage rates actually fell,so a recession means mortgage
rates could decline based on thedata.
You know do not expect them togo back to the 3%, but you know
(10:06):
they could go down, which willhelp with affordability.
You know we don't know about ifthere's going to be a recession
or not.
It's, you know.
No one knows the future.
Certainly the odds have gone up, but that doesn't mean you have
to wonder about the impact onthe housing market and we can
look back on history and I willsay this it's also interesting
Again.
I had my broker's license for20 years.
(10:28):
The real estate market continuesand it will continue to move
Again, whether there's a youcould call it a seller's market
or a buyer's market, and that'sdetermined by inventory and
demand.
Currently, we're still in aseller's market.
Also, regardless of interestrates.
We know that life goes on.
Therefore real estate goes on.
I mean one in three homes soldsingle family homes sold in
(10:51):
Henderson County are purchasedwith cash and so we continue to
see cash moving through themarket.
Here's some great news.
If we just look at the firstthree months of the year this
year versus last year, we've hada 7% increase in the number of
homes sold year to date thisyear versus year to date last
(11:12):
year.
So that's really positive newsand significant Again, 7%
increase.
When you look at single familyhomes sold in Henderson County,
we've had a 7% increase in thenumber of homes sold.
So again, the market's stronghere.
It's healthy.
If you look at supply and demand.
If you look in the last 12months, we've had some 1,500
(11:34):
single-family homes sold.
There's only 440 active homeson the market.
Now the average single-familyhome price if you look at the
last rolling 12 months, thatnumber's gone down a little bit.
I mean at one point we were at550 or 551, now at 546.
So that number's, you know it'sgone down a little bit.
It's still hovering around that550 mark but 546 is the average
(11:56):
single family home price overthe last 12 months in Henderson
County.
But again, low inventory only440 active single family homes
on the market, you know.
And then with some 1,503single-family homes sold, that's
125.
So the 125 divided by the 440,that's how we determine
inventory supply.
Month's supply we have a threeand a half months of inventory
(12:19):
If there was no more homes thathit the market and we continued
at the rate of 125 homes a monthselling.
Again, that's a.
You know this is the averageand obviously there's different
price points that have differentdemand and inventory.
But the overall market inHenderson County is still a
seller's market, you know.
So what does that mean for you?
Again, your unique home, yourunique situation, your uh, your
(12:42):
choices, your life circumstances.
You know we take a two-stepapproach at the George Real
Estate Group.
If you're curious what yourhome is worth, if you're curious
, do you sell before you buy?
Do you buy before you sell?
And we'd certainly love tointerview for the job.
There's no pressure, there's nocost, there's no obligation for
confidential consultation.
Just if you're curious aboutthe economy, if you're curious
(13:04):
about the housing market, ifyou're curious about your
specific home, you know whatwould you do to get your home
ready to go on the market.
You know, are there things youwould do to to prepare and to
stage it and to to make sure.
Now everybody has to decidebetween time and money and and,
you know, between you know ifyou the the time on the market
has increased a little bit, butit's still.
It's still relatively shortcompared.
(13:27):
It gets it's a little bitthings.
Days on market have been goingup, uh, over the last few years,
but compared to where we were,um, you know, you know days on
market, uh, if you look over thelast and again, single family
homes, if you look at the last,you know few.
If you look at the last fewyears, I mean we've seen a
(13:48):
slight increase.
Average cumulative days onmarket.
We're right now at 64 days.
Last year was at 50 days and2023 was at 38 days and 2021,
2022 was at 28 days.
We still see homes are movingquickly when you look at 64 days
(14:09):
.
So two months on average rightnow cumulative days on market,
that's not too bad.
I remember.
I remember years ago I mean atsome point we were over a
hundred days on market.
Yeah, actually back in 2015,.
10 years ago, our average dayson market was 137 days on market
.
That was normal.
(14:29):
And again, the data can tell usa story of what's going on.
And so you know the story ofinventory, the story of you know
how much is actually available.
You know we have seen a slightincrease in the inventory.
We, you know we also have seenstrong price appreciation, the
(14:52):
median closed price, I mean, ifyou look at the last 10 years if
you look at the last 10 yearsof single-family homes in
Henderson County, this is justamazing to consider.
The median closed price inHenderson County in 2015 was at
$215,000.
And then it went up as high asin 2024, that median home price
(15:12):
jumped up as high as $470,000.
And then so far this year andagain we're only three months in
our median home price is at$495,000.
And that's the median homeprice if you look over the last
10 years, but I mean over doublethe median home price.
Now, the average price, themedian's different than the
average price.
If you look at just so far thisyear, our average price is at
(15:37):
518.
I mentioned.
If you look at the 12 monthaverage, we're at 546.
So again, the numbers tell astory and again we look, look at
it in in context to yourspecific home, your specific
situation.
Uh, you know the location, thecondition, the age, the, the
improvements you've made, and wework with all types and all
(15:58):
price points.
I mean we work with fixeruppers to the, to the luxury
homes we work with, you know,multimillion dollar properties
and clients, and so, if you'rewhatever your situation is,
again, I have 20 years ofexperience.
Our team has over a hundredyears of combined experience and
so we bring a lot of experienceand systems and proven and
(16:20):
predictable processes andguidance for your situation.
So if you're curious and youwant to have a conversation,
we'd love to sit down, we'd loveto interview for the job.
You can call us directly at828-393-0134, 828-393-0134.
You can stop by our officethere in Flat Rock at 2720
Greenville Highway.
(16:41):
We're right next to our friendsat the Flat Rock Bakery, our
friends at Hubba Hubba Barbecue,our friends at Hubba Lou and
Campfire Grill and the WrinkledEgg.
We're on Rainbow Row there inFlat Rock but we'd love for you
to stop in and say hello andconnect with us.
You can follow us on our socialmedia and we post about our new
listings, we post about ouropen houses, we post about the
(17:03):
successes we've had and ourdifferent agents and we'd love
to connect with you.
Follow us on Instagram orFacebook.
We also podcast all of ourradio shows.
We recently passed over 10,000downloads of our radio show on
the podcast and we've just beendoing the podcast a couple of
years.
But follow us on your favoritepodcast platform and we do a
number of different radioprograms, including the Hometown
(17:25):
Heroes series tomorrow morning,every Friday morning at 845.
You know, in the last seven daysagain we look at the last 12
months, we look at year to datebut just in the last seven days
there's been 49 new listings.
There's been this isinteresting 48 price reductions.
Prices are being reduced.
(17:46):
You cannot underprice your homein the market.
In any market, you can'toverprice your home.
Now no one's taken me up onthis extreme example, but you
could price your home at adollar and if it's really worth
$500,000, the market will bid itup.
When you tell the whole worldthat it's for sale, it will bid
it up.
But there has been 48 pricereductions.
(18:08):
Sale it will bid it up.
But there has been 48 pricereductions 49 new listings, 48
price reductions.
There's been 35 homes go undercontract.
So you know it's almost.
As you know, there's been moreinventory coming on the market
than being taken off the marketand then 39 homes closed in the
last seven days.
So 35 homes went under contractjust in a seven day period and
(18:32):
then 39 homes closed.
And we watch the market, wewatch what's going on Now.
We see the inventory, we watchwhat's closing, we got our
finger on the pulse of what'sgoing on and again you can reach
out to us 828-393-0134,.
(18:53):
828-393-0134.
You know.
The other thing is you know andlet's talk about pricing your
home.
I mean the number one thingthat sellers need to know about.
They're asking prices.
You know, when you put yourhouse in the market and again,
another blog post on our websitewhen you put your house on the
market, you want to sell and youwant to sell it quickly and for
(19:13):
the best price.
That's generally the goal Sellit as quick as possible for the
best price possible.
You know, too many sellers areshooting too high right now.
Like I said, 39 pricereductions here locally in the
last seven days and a lot ofsellers don't realize the market
has shifted as inventory hasgrown.
You know the side effect isprice cuts are on the rise, but
(19:37):
they really don't have to be.
So you know, according to thefrom recent data from realtorcom
, in February, price cuts werethe highest they've been in any
other February since 2019.
And if you consider that 2019was the last true normal year
for the housing market, that's abig deal.
(19:57):
So we're getting back to what'stypical for the housing market.
This isn't the same frenziedseller market we saw a few years
ago and you may not get thesame price your neighbor did at
the height of the pandemic, andthat means you may need to reset
your expectations.
But the reality is, if youshoot too high and have to lower
your price after the fact, youmight end up actually with less
(20:20):
than if you'd have priced itright from the start.
So how do you avoid that?
I mean, you get to decide whatyou do, but you can listen and
lean on your agent.
You know how an agent can helpyou nail the price right.
The great agent just doesn'tpull numbers out of the air.
They use real data and markettrends.
(20:40):
Our agents at the Georgia RealEstate Group are watching the
market.
We're studying the market.
The data tells a story.
The price in the home not justhome, it could be your land, it
could be a condo, it could beresidential.
But again, pricing the home iscritical.
So pricing it at a realisticprice that's going to draw in
(21:01):
serious buyers.
So looking at recent sales,looking at local trends, looking
at again what strategy you haveand then, of course, the the
condition of the home.
We had a recent situation wherewe tried a price that was higher
than what the data showed andwe tried it out.
(21:21):
We're getting showings but weweren't getting offers.
And then, over time, you know,working closely with a seller,
you know the seller's ultimatelythe one in control, deciding
where you want to price it.
We tried higher than what thedata suggested and the market
didn't respond to it.
So we, over time, dropped theprice strategically and then yes
, this is so interesting to meyou know you're on the market
(21:43):
for four or five months andyou're getting showings.
For four or five months andyou're getting showings.
And then, when we drop theprice over time, we get to the
you know, quote fighting weightof the home.
We get multiple offers on theproperty and you might say to
yourself, well, why didn't youget multiple offers on the
property?
You know, at the beginning,well, the price wasn't a
competitive price.
(22:04):
And so you know buyers mightnot even look at it if you price
it too high.
And even if they see a homethat seems overpriced, they
might not even go look at it.
Versus I know we hear it allthe time from sellers well, just
make me an offer.
Well, sellers, I appreciatethat.
However, the price that homesare selling for relative to
(22:28):
their asking price is stayingpretty close.
I mean, when you look at thelast and I'm going to pull the
data up.
When you look at the price thisclosed price compared to the
sold price, it does impact andwe can see that homes over know
(22:49):
over the years, homes have beenselling closer to the original
price than before.
But you know, over the last,you know 10 years.
When you look at the data, youknow, back in 2022, homes
compared to the original pricethe average with things were
selling at 99.7%.
In 2023, homes were selling at97.9%.
(23:12):
In 2024, this is closed price.
Compared to the original price,they were selling at 96.5%.
And then this year so far,we're at 95.8% of the original
asking price compared to the ofthe original asking price
compared to the sold price.
But if you look at the closedprice compared to the current
(23:34):
list price, things are sellingat 97.
So far this year, 97.6%.
So even when home prices havebeen dropping, sellers are
staying fairly close to theprice From the original price.
This year so far, we're at 95%.
And then if you look at theclosed price to the current
(23:56):
sales price, we're selling atalmost 98%.
So this is where buyers thinkthey can come in.
We're going to offer $100,000less.
Sellers just don't have to dothat because of the current
market.
We're in, yes, are there pricereductions happening?
Yes, but we're still in aseller's market.
We still have low inventory.
There's still less than 450homes on the market, single
(24:17):
family homes and we continue tosee 125 single family homes a
month selling.
I know I get into the weeds withthe numbers, but we love
studying the numbers.
The numbers tell a story.
Ultimately, though, your uniquesituation, your unique home,
your unique condition andlocation there's so many factors
(24:38):
that go into play and that'swhy we take it from a very
specific approach to you and toyour home.
And again, do you want to sellbefore you buy?
Do you want to buy before yousell?
Are you moving into aretirement community?
Are you working with an estatethat you're having to sell, a
family member's home?
Is it a divorce?
I mean, life happens.
Therefore, real estate happens,and we don't take it lightly,
(24:59):
and it's an honor and privilegeto walk alongside with our
clients navigating through life.
And then we bring along theexpertise and the knowledge and
the systems and the informationabout the housing market, and we
can have really hard,challenging conversations, but
it's the truth combined with thecare, it's care and candor
(25:23):
combined that ultimately providethe information for our clients
and walk alongside our clients.
And we're here to advocate andwe're here to facilitate.
And so if you're just curiousabout what does that look like
to your specific situation?
What does it look like for yourhome, what does it look like
for your family?
And we'd love to have theconversation and there's zero
(25:45):
pressure or obligation.
But we meet with people everysingle day navigating through
what's the right thing for me todo in regards to real estate,
whether it's your investmentsand your portfolio, or maybe
it's your personal home, I meanand then the tax implications,
and we can shed a lot of lighton your situation.
And, by the way, I want to justsay publicly just so grateful
(26:07):
the amount of phone calls thatcome into our office from this
radio program, and we're justgrateful we don't take it
lightly for our listeners thathave recommended us, our
listeners that have called intous and have hired us and call in
every single week, that we'rejust so grateful for that.
And so thank you so much foryour support at the George
Rilsay Group.
We love and love and lovesupporting our community.
(26:30):
We love, we're passionate abouthelping our clients and our
agents.
We have an incredible team.
We have an incredible groupwith our staff and our
leadership team and our agents.
We have an incredible team.
We have an incredible groupwith our staff and our
leadership team and our agents,and we're so thankful for the
opportunity to work in thiscommunity and, by the way, we
work in all of Western NorthCarolina.
We also work in upstate SouthCarolina and, again, we'd be
(26:50):
grateful to have theconversation.
If you know somebody gettingtheir real estate license,
whatever your perception is, youmight say, wow, why people,
people are getting their realestate license all the time.
Um, but there's also a massexodus of people getting into
the industry, which is fine too.
It's it's not for the light ofart or you know, but it is so
rewarding and it's so incredibleto help our clients in regards
(27:15):
to real estate.
And it's about therelationships, it's about the
advocating and the facilitating.
So, you know, if you'rethinking about getting your real
estate license, let's have aconversation.
Maybe you just got your realestate license, let's have a
conversation.
We're growing, we're hiring,we're helping people launch
their careers.
I mean, there's someinteresting statistics Only one
in 10 new licensees today willbe in business in the next five
years.
I mean it's only second toinsurance licenses, you know, as
(27:41):
to the people, the attritionand people getting out of the
business, but there's, if you'rewilling to show up, if you're
willing to work hard and learn,you know there's so much
opportunity and it's a veryrewarding career to help your
clients navigate through realestate and the buying and
selling.
And there's so much opportunity, especially in these
challenging markets that we'rein.
(28:02):
But guess what?
Every single day there's homesbeing sold and listed and homes
going under contract and we'rehelping our clients every single
day.
The market's the market, theinterest rates are the interest
rates.
But we know real estate happensaround life and it's a great
time if you want to have aconversation about the real
estate career.
(28:22):
Also, we've been helpingclients with 1031 exchanges and
if you don't know what thatmeans, you can call us.
It's in regards to a taxstrategy in regards to your real
estate investments and I'm nottalking about residential,
because if you've lived in yourhome two out of a five-year
period and it can be any twoyears of that five-year period
you as an individual, you're notpaying the first $250,000 of
(28:46):
profit, You're not paying taxeson it.
As a married couple, it's$500,000.
But the tax rules are differentfor your investments and what
your basis is, and whether it'sland or whether it's residential
.
And again, we have strategies,we have solutions.
We can help you.
Maybe you're listening to theradio program, maybe you own a
(29:08):
farm and maybe you own land andyou're thinking about hey, I
know it's worth a lot more thanwhat I paid for, but I don't
want to pay these taxes.
Worth a lot more than what Ipaid for it, but I don't want to
pay these taxes.
And, by the way, there's waysto move money from real estate
into other real estateinvestments that are paying a
return.
I mean, there's so manyopportunities out there and
(29:29):
there's ways to consider givingyour real estate to nonprofits.
There's ways to think aboutyour family legacy and there's
strategies that you can talkabout with regards to real
estate.
Well, time flies when you'rehaving fun.
Just so thankful to be herewith you every Thursday morning.
Again, if we can help you inany way, give us a call
828-393-0134.
This is a fun weekend.
We got the final, we gotbasketball happening, the final
(29:54):
four tomorrow with the women'sfinal four, and then the men's
final four this weekend, andagain, it's always a fun time of
year.
I know basketball is somethingI enjoy watching and enjoy.
But again, hope you have awonderful day.
I hope you have a wonderfulrest of your week.
We're so grateful for the rain.
I understand it's going to getwarm tomorrow.
But again, tune in tomorrowmorning at 845.
(30:16):
Also, be sure to subscribe toour podcast.
You can find it on yourfavorite podcast platform.
Have a great day, have a greatweek and we'll see you tomorrow
morning.
Life has a way of throwing usinto deep waters when we least
(30:39):
expect it.
Dr Robin Hainley Defoe knowsthis firsthand.
One winter day her car skiddedon ice and plunged into a
freezing river, trapped insinking darkness.
She had seconds to act.
But instead of panicking, shereminded herself I can do hard
(30:59):
things.
She stayed calm, found a wayout and survived.
At the George Real Estate Group, we know that buying or selling
a home can feel like thatmoment Overwhelming, uncertain,
maybe even a little scary.
But here's the thing you can dohard things and you don't have
to do them alone.
With decades of experience,we're here to guide you every
(31:22):
step of the way, turningchallenges into opportunities.
So if you're thinking aboutmaking a move, let's do it
together.
Call the George Real EstateGroup today because, when it
comes to your future, you'restronger than you think.
Speaker 2 (31:35):
Thank you for listening to the George Real
Estate Group podcast.
Tune in next time for moreindustry news updates and real
estate tips.
You can reach Greg, the GeorgeReal Estate Group, at
828-393-0134 or atrealestatebygregcom.
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