March 20, 2025 • 32 mins
Basketball and real estate share a powerful commonality: both reward those who persevere through setbacks. Just as March Madness showcases collegiate determination, our real estate journey demonstrates that success rarely happens overnight.
Consider Chester Carlson, who spent 15 years pitching his copying machine to uninterested companies before Xerox finally recognized its potential. Or Colonel Sanders, who at 65 faced 1,009 rejections before someone believed in his chicken recipe. These stories mirror the resilience needed in today's real estate environment, where market conditions constantly shift but opportunity remains for those who persist.
Henderson County's real estate market tells a story of remarkable stability. With approximately 124 single-family homes selling monthly and an average price of $548,000, we're seeing modest appreciation despite economic headwinds. January and February 2024 showed a 6% increase in home sales compared to the same period last year – concrete evidence that demand continues despite interest rate concerns. Unlike previous challenging markets, today's homeowners benefit from substantial equity, providing financial flexibility even when circumstances necessitate selling.
The Federal Reserve's recent announcements reflect caution amid economic uncertainty. While maintaining current rates around 4.5%, they've projected potential cuts later this year while simultaneously lowering growth expectations and raising inflation projections. This creates a complex landscape for buyers and sellers, yet Western North Carolina continues attracting newcomers seeking our region's exceptional quality of life, natural beauty, and four distinct but mild seasons.
Whether you're exploring investment properties, considering a 1031 exchange to defer capital gains, or weighing options for your existing real estate portfolio, we offer strategies tailored to your unique circumstances. The George Real Estate Group celebrates 20 years of helping clients navigate all market conditions with care and candor. Call us at 828-393-0134 to discover how we can help you achieve your real estate goals, regardless of what the market brings next.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
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 atgeorgerrealestategroupradiocom
for more information.
Good morning and welcome to theGeorge Real Estate Group live
(00:46):
radio broadcast here on WHKPEvery Thursday morning, bringing
you positive news about yourlocal real estate market and
community.
Grateful to be here with you.
So much to be thankful for.
Here we are, middle of March.
Time is flying by.
I mean, this is our favoritetime of the year.
I might grab Tippy to jump onthe mic there with me, but you
(01:07):
know why it's my favorite timeof year.
Got a basketball.
Speaker 2 (01:12):
Jones, I got a basketball Jones.
Speaker 1 (01:17):
We won't talk long about this, but we got to
acknowledge the time of year.
It is.
Yeah, it is Again.
So many good things are goingon, positive news, and we're
going to.
I will jump into theconversation.
But this is the first day,first round, of the men's
college basketball tournament.
(01:38):
You know, aka, march Madness.
I mean we had the first two, uhthe first four games four games
yes, the first four teams, butI mean anyways, and the heels
they survived they.
Speaker 2 (01:53):
They got in by the their hair, of their chinny chin
.
I was gonna say the same thing.
Speaker 1 (01:58):
A lot of controversy actually about them getting in.
I mean, um, and you compare to,uh, you compare to west
virginia, and and what they're.
They said if there was a blind,you know, if they just looked
at the blind resumes, right,they might not have their brand
well, it's a lot of a lot of theannouncers.
Speaker 2 (02:19):
Yeah, uh was saying that they didn't deserve to be
in.
Speaker 1 (02:22):
Well, again, if you just were looking at a blind
resume.
But what Tiffy and I aretalking about is the March
Madness.
I always enjoy having a littlebit of a conversation in it.
Of course the ACC is stronglyrepresented, not as strong as
the SEC the most teams in theentire field.
Speaker 2 (02:40):
I'm telling you, man, I've never seen a whole
conference.
Speaker 1 (02:43):
Now, we would have liked that one time, one time
the ACC had that, but this isthe best time of the year, I'm
telling you.
The basketball is in the air.
Speaker 2 (02:54):
And the thing is, the game seemed like it's changed
so much because you got thetransport portal.
So when you're talking aboutthat, you're getting players
from different other teamsthat's decided to go to another
(03:14):
team and you just man, thecompetition is so great.
Speaker 1 (03:20):
It is, and you got the transfers, you have the
one-and-dones.
I mean basketball, certainlythe environment's changed it's
so great it is.
And you've got the transfers,you have the one-and-dones.
I mean basketball.
Certainly the environment'schanged, but I'll tell you this,
though it's anybody's day whenthose kids step on the court,
and certainly it's a fun time ofyear A lot of basketball to be
watched.
Speaker 2 (03:40):
Well, you know you like them Blue Devils, and I'm
just, you know, I like to seeFlag at his best.
Speaker 1 (03:49):
But even if Flag doesn't play, they look good.
Speaker 2 (03:51):
Oh yeah, they really do, but I think when you're
talking about, this is anotherseason.
Yes, oh, it's a whole season,yeah it's another season, it is,
and it's like somebody said,not blowing the horn for
Carolina, but it's.
Speaker 1 (04:08):
I mean Carolina.
Speaker 2 (04:09):
They play.
When you talk about NCAA, itseemed like the gears changed.
Speaker 1 (04:14):
Yeah.
Speaker 2 (04:15):
And not saying that they will go that far, but We'll
see.
I tell you they I don't.
Speaker 1 (04:21):
Well, they're playing with a chip on their shoulder.
Speaker 2 (04:22):
Well, ESPN this morning said that and I said, oh
Lord, don't put to.
Well, they're playing with achip on their shoulder.
Well, espn this morning saidthat and I said, oh Lord, don't
put that pressure on them likethat.
And they said they werethinking that they might go to
the Elite Eight.
It's possible, wow, but IowaState is in that bracket, okay.
Speaker 1 (04:38):
If they get past the game.
Speaker 2 (04:40):
Friday.
That's who possibly they wouldmeet if they win Friday.
So our state was rated numbertwo in the nation at one time.
I don't think they made it tonumber one but they got some
injuries and not liking anybodyto have injuries but that's part
(05:02):
of the game.
Speaker 1 (05:03):
to have injuries, but that's part of the game, well,
and then the other, mcneeseState, is playing Clemson, and
they're saying that has thepotential of an upset.
Speaker 2 (05:16):
I don't think so.
I hope Clemson can.
Well, I hope Clemson will pickback up, that's at 315 today.
Speaker 1 (05:23):
Oh is it.
Speaker 2 (05:24):
Okay, there's a lot that's at 315 today.
Speaker 1 (05:26):
Oh, is it Okay?
There's a lot of basketballstarting at noon today.
It is.
It's a fun time of year.
Oh, yeah it is, and it's alwaysfun competition and a lot of
discussion.
So who's your pick?
If you had to pick one for thewin, for the whole thing?
Speaker 2 (05:46):
Let's see.
Well, you know, if Flag ishealthy, I mean I um.
Well, you know, if flag ishealthy, I mean I just, you know
, I'm not a dukey, but I likebasketball.
Speaker 1 (05:54):
So I would say uh, duke, I think florida and duke
have the best chance.
Speaker 2 (05:57):
That's right that's what I was gonna say.
Speaker 1 (05:59):
Florida, that's when they beat alabama yeah, the way
they did in the SEC.
Speaker 2 (06:04):
I would say whoa.
Speaker 1 (06:06):
Yeah, I mean Florida's got it.
So I actually in my bracket Ipick Florida and Duke in the
final.
Speaker 2 (06:14):
You know, when I go back to it, I forgot North
Carolina played Florida andFlorida beat them, but they
didn't beat them real bad.
But Florida is a different teamnow.
I mean I've seen them play afew moments doing the SEC.
Speaker 1 (06:32):
Yeah.
Speaker 2 (06:32):
They played Alabama because if I was kind of a
betting man I might have put mymoney on Alabama Right but thank
God, I love my money in anotherarena, but I tell you it is a
great time, man.
Speaker 1 (06:48):
It's a lot of fun, it is.
Speaker 2 (06:51):
And a lot of people talk about the NCAA and I love
the NBA as well, of course,because these are the guys
wanting to make their tracks inthe NBA.
Speaker 1 (07:04):
And then just basketball in general.
You know, last Friday we hadCoach Jones, marquita Jones and
Caden Brewer with us from EastHenderson.
Speaker 3 (07:11):
High School.
Speaker 1 (07:12):
If you didn't get a chance to hear that interview,
you can actually go to ourpodcast.
We podcast all of our radioshows.
We had our Hometown Heroesseries last Friday morning with
Coach Jones and Caden Brewer andthey're excited.
Again, incredible season atEast.
And then tomorrow morning wehave another basketball coach,
coach Stephen Rogers, the coachof the Hendersonville High JV,
(07:33):
lady Bearcats.
The team advanced to the thirdround of the state playoffs.
That's really good.
They've not done that since2005,.
And so another remarkableseason and we're going to chat
with Coach Jones tomorrowmorning.
Again, basketball is such agreat Rodgers Rodgers.
Speaker 3 (07:48):
I'm so sorry, what did I?
Speaker 2 (07:49):
say there Say Jones.
Speaker 1 (07:51):
Oh, coach Rogers, tomorrow morning at 845.
Our Hometown Heroes series andjust again ongoing conversation,
but basketball again.
Life has, you know, real excuseme Well, real estate and
basketball the point is it'sabout.
There's so many lessons of life, of course, that we can take
from all of it.
Yes, and the perseverance.
Speaker 2 (08:11):
But I always think about what Coach Jones.
You know he wants to win, butthe bottom line is developing
the young players, the youngplayers, the young men To become
young men.
Speaker 1 (08:23):
Yeah, Again, basketball is the vehicle for
the influence that he has onthose kids and the powerful
impact.
And again, that's the influenceof our leaders in our life and
coaches in our life.
And we look back.
I know you look back at yourcoaches and the impact they had
on you.
I look back at mine as well.
It's a special role in ourlives.
(08:46):
Again sports is so impactful andI mean it's fun to see the
success on the courts but whenyou see, you know again how
people persevere and theyovercome challenges and what
they've faced.
And Again, basketball is agreat analogy for life and it's
going to be a lot of fun towatch that.
Speaker 2 (09:07):
I was listening to ESPN a little bit this morning,
normally.
Speaker 3 (09:11):
I got it on.
Speaker 2 (09:12):
ABC News.
But the coach at Missouri wassaying that same concept and he
was saying that the game isgreat.
But he wants these guys, nomatter win or lose, they want to
let them know.
Learn from your failures.
(09:33):
That's right, and a lot oftimes that's how you grow.
Speaker 1 (09:38):
Absolutely.
It's failing forward, butlearning from it.
And failure is not final, butit's what you do with it and how
you respond to it.
That's right.
That, actually, that's a greatsegue to.
Did you know?
Have you heard the name,Chester Carlson?
Speaker 2 (09:54):
Chester Carlson.
Speaker 1 (09:56):
You might not recognize that name, but get
this.
Chester Carlson in the 19301930s built a machine.
Think about this In the 1930s,chester Carlson built a machine
that could copy documents with apress of a button Wow.
But when he tried to sell it,no one wanted to listen.
(10:20):
Ibm, kodak, ge, all rejectedhim.
Wow, and talk about failure andbeing turned down.
Yes, rejected they told him itwas too bulky, too impractical,
a solution to a problem thatdidn't exist.
And again you've got to thinkthis is back in the 1930s.
Speaker 2 (10:42):
Okay, they weren't ready for it.
Speaker 1 (10:44):
But Carlson refused to quit.
Okay, for 15 years.
For 15 years he knocked ondoors.
He improved his invention,funding it with his own savings,
and finally a company calledhow lloyd, which which later
(11:04):
became Xerox, took a chance.
Their first copier, xerox 914,was an instant success.
Businesses lined up to get one.
Within years, xerox became abillion-dollar company and
Carlson, once dismissed as afool, became a multi, a multi
(11:28):
millionaire, a genius, a genius,that's right in.
Speaker 2 (11:32):
That isn't that wild.
That's right.
He never gave up did never gaveup he never, gave up.
Speaker 1 (11:36):
You'll hear another inspiring story about never
giving up.
You're going to recognize thisname.
But?
But in 1952, at 65 years old,colonel Sanders, did you know?
He actually lost everything.
For 20 years he perfected hisfried chicken recipe and finally
succeeded in franchising it.
(11:58):
When disaster struck Did youknow this?
A new interstate highwaydiverted traffic away from his
restaurant, forcing him to sellit.
And at the age of 65 years old,most people retire.
At 65 years old, sanders wasback to square one no money, no,
(12:24):
no restaurant, no plan.
But he refused to quit.
Armed with nothing but hisrecipe, he hit the road pitching
it to restaurant owners.
Guess how many times he pitchedit?
over 200 times a thousand andnine times they said no.
A thousand and nine times theysaid no.
(12:44):
1009 times they said no, toorisky, too different.
No one wanted to take a chanceon an old man with a pressure
fryer, but on the 1010th try,someone finally said yes and
that yes became Kentucky FriedChicken and by 73, his franchise
(13:08):
was worth millions.
Wow, again, and I love thesestories.
Perseverance, not giving upfailure, yeah, you know
overcoming that's right failures.
You know overcoming tragedies,overcoming all of this, again,
it's whether it's in basketballor in business, or in life
there's a lot to be learned.
Speaker 3 (13:29):
Tippy, I'm always grateful to have you.
Speaker 1 (13:31):
Thank you for sharing , I feel like this time of year,
we ought to get a longer showto talk about the March Madness.
We might have to do a separateMarch Madness show we might do
that.
Thank you, tippy, if you'retuning in for the first time
ever, wondering what in theworld is this radio show?
This is a live radio show hereon WHKP every Thursday morning
right after the 10 o'clock newsand just grateful for Tippie and
(13:51):
just the conversation, gratefulfor our friendship, but just
fun.
We always banter about thebasketball in this time of year,
but you know so much to bethankful for If you're tuning in
for the first time ever.
The George Real Estate Group.
We're located in Flat Rock.
We've been serving thecommunity for years.
This is my 20th year with mybroker's license and I joke I'm
(14:13):
an overnight success.
That's taken 20 years ofshowing up every day and
overcoming failure, overcomingso much and again we keep
showing up every day.
The markets, the interest rates, the economy, life happening,
and again, just so much to begrateful for.
But we've had the privilege andhonor of serving and helping
over.
We're coming up on our 1500thclient in my career that I've
served and worked with.
And again, our team's growing.
(14:34):
We're hiring more agents.
We have an incredible group ofagents and staff and if you're
thinking about buying, sellingor investing, or maybe even a
1031 exchange, and if you don'teven know what that means.
We're glad to share with youabout that.
If you're investing in realestate, maybe you're thinking
about strategic planning withyour portfolio of real estate
and how that can you can leave alegacy for nonprofits and your
(14:54):
your family.
Again, there's so many aspectsof real estate that we dive into
and can help and advise andcoach and and we'd be honored to
have a conversation there's nopressure, there's no cost,
there's no obligation to have aconfidential consultation about
your real estate goals andquestions and your investments.
And I mean we haveopportunities for investments.
(15:15):
We have opportunities for youknow, if you're considering
building your real estateportfolio, maybe you want to buy
into some commercialopportunities, maybe you want to
buy residential opportunities.
Again, we have an incredibleteam in place.
And if you're thinking ofbuying, selling or investing or
a career in real estate, give usa call 828-393-0134,
(15:36):
828-393-0134.
We'd love to have theconversation with you.
We're located in Flat Rock.
We serve all of Western NorthCarolina and upstate South
Carolina.
We have agents that live bothin North and South Carolina.
We have an incredible group ofagents.
We're here to serve you.
We're here to serve thecommunity.
We're here to solve problems.
Again, the interest rates arethe interest rates, the real
(15:58):
estate market's the market andwe will dive into what's going
on in the local market.
And just to give you a quicksnapshot of what's going on, I
mean let's start here and justlook at the last seven days in
Henderson County forsingle-family homes, there's
been 40 new listings.
This is interesting.
(16:19):
There's been 46 pricereductions, there's been 37
homes go under contract andthere's been 30 homes closed.
That is just a seven day, justa seven day snapshot of the
market.
Now, when we look at the overallmarket, we look at what's
(16:41):
happened in the last 12 months.
We're just shy of 1,500 homesover the last 12 months.
There is only 414 activesingle-family homes on the
market.
I'm not including condos ortownhomes.
They are about 10% of ourmarket.
The condos are about 10%,townhomes are about 8%.
But over the last 12 monthswe're averaging 124, almost 125
(17:07):
single-family homes a monthselling and that's within.
You know I mean less than well.
Actually, there's only a12-home difference between the
current 12-month period and theprevious 12-month period.
So really we are living in aflat market.
(17:27):
In regards to the housing marketNow, I will say we continue to
see appreciation, albeit it'sbeen remaining flat.
The average single-family homeprice over the last 12 months is
at $548,000, and that number'sbeen bouncing around in the low
$550,000s to the high 40s 540s.
But currently over the last 12months, the average
(17:47):
single-family home price overthe last 12 months is at 548,
and change almost 549.
During the previous 12 months,when we look at March to March
of 2023 to 2024, that price wasat 527.
And then we look at this Marchto the previous March, the
average price is at 548.
So the market remains strong,the market's remaining steady.
(18:09):
I mean, we've had still strongdemand and when you look at the
month of February, single-familyhomes in February there was 95
sold this February, there was 92sold the previous February and
then 95 sold in 2023.
When we look at 2000, excuse me,when we look at January, we did
(18:30):
have an uptick.
The interesting thing is yearto date this year.
I mean, if you look at Januaryand February this year, we're at
200 homes sold so far inJanuary and February single
family homes sold and then inthe previous January and
February, single-family homessold and then in the previous
January and February there was178 homes sold.
So 178 is actually.
(18:53):
We've seen almost.
If I'm doing my math correctly,we've had almost a 6% increase
in the number of homes sold thisJanuary February than during
the previous January February in2024.
So we're actually seeing aslight increase in the number of
single-family homes sold.
(19:14):
And that's in the light of thecurrent interest rates and
that's in light of the currentenvironment of the economy.
And again, the market's themarket, the economy's the
economy, the interest rates arethe interest rates If you're.
And again, the markets, themarket, the economy's economy,
the interest rates are theinterest rates If you're.
You're curious what your homeis worth, if you're curious
about your, your portfolio ofreal estate, if you're curious
about, you know, strategicplanning with you know capital,
(19:38):
uh, you know.
Uh, if you're looking at yourcapital gains taxes, again,
there's so much that we takeinto and maybe you're looking to
grow your portfolio.
Right now, we know long-termholding on to real estate is one
of the best investments thatyou can do.
I saw an article on the FederalReserve and on the economy that
I subscribed to, a newslettercalled Morning Brew, and their
(20:00):
article on the Feds, I thinkcertainly puts some context on
what's happening and I love theway these guys write this
newsletter.
But they said, if the Fedcopied our move and instituted a
word of the day.
Yesterday's would have beenuncertainty.
The central bank said it wouldleave interest rates unchanged,
hovering around 4.5%.
(20:21):
Now, by the way, a lot ofpeople don't realize mortgage
rates and the Federal Reserverate is different, but it
certainly impacts it.
But the article goes on to saythat the two rate cuts are still
on the table at some point thisyear.
But it also said it expects tosee slower growth and higher
inflation.
(20:41):
On the surface, the articlegoes on to say the Fed's
decisions seem pretty uneventful.
The central bank projected tworate cuts for 2025 back in
December and economists didn'texpect one to come yesterday.
But Federal Chair Jerome Powellthe king of quote we'll have to
wait and see.
(21:01):
End quote doubled down,highlighting that the
uncertainty brought about by theTrump administration's
attitudes on trade, immigration,fiscal policy and regulation.
So declining consumer sentimentand recent slowdown in growth
would typically trigger the Fedto cut interest rates.
But inflation is stubbornlyabove its 2% target and you may
(21:26):
or may not realize this, but thefederal government actually has
a 2% target rate for inflation.
So the Fed lowered its economicgrowth outlook, saying that US
GDP would rise at 1.7% pace thisyear.
That's down 0.4% from itsprojection in december.
It also raised inflationprojections, expecting it to
(21:49):
grow 2.8 percent this year, upfrom the 2.5 percent it
predicted at the end of lastyear.
Central bankers are stillexpect still expect inflation to
fall in 2026 and 2027, butpowell added that these
predictions were still highlyuncertain.
Again, the article continues tosay during President Trump's
first term, terrorists pushedthe Fed to cut rates
(22:13):
preemptively, but inflation wasmuch lower then.
Yesterday Powell downplayedconcerns, noting that inflation
caused by tariffs would merelybe transitory.
So more to wait for.
The Fed likely wants tounderstand how proposed
government spending cuts impactlocal economies and where
(22:34):
unemployment numbers settlefollowing mass federal
government layoffs, before itdoes too much, the market seems
happy.
The humor in this article, likethe male lead in an outdated
rom-com who's unable to acceptrejection.
Wall Street exclusively heardthere's still a chance.
(22:56):
So markets jumped in responseto the continued possibility of
two rate cuts this year.
Again, I subscribe to it'scalled the Morning Brew.
They have a fun approach tonews and seem to be again just
able to process what's going onin a.
It can be sometimes humorous,but again a digestible
(23:17):
understanding for the news.
So again the Morning Brew.
And that's where I get a lot ofinformation.
But you know, going back to ourlocal housing market, our local
economy, here in HendersonCounty, here in Western North
Carolina, we continue to seedemand.
We continue to see peopleliving their lives.
(23:39):
We see people wanting to movetheir dreams forward and move
here to the mountains and enjoythe quality of life, the four
distinct seasons, the mildclimates, the beautiful outdoor
living that we have, thewonderful downtown, the quality
of life, all the people thatlive here.
You know we just had a couple,you know, come into our office
(23:59):
from Texas that are they'releaving Texas.
They and, by the way, Texas wasin the top migration states for
a while but again, for theirown reasons, they've decided
they love Western North Carolina, they want to move here and
we've been helping them findproperty here in Western North
Carolina.
We have people moving here fromCalifornia.
We have people that we'reworking with that are moving
(24:23):
from the middle of NorthCarolina, the Piedmont area, the
coast of North Carolina.
People are coming in to themountains and of course it
depends on life.
Life is happening.
It could be maybe people's kidsare going off to college or
they're downsizing or they'reright-sizing.
I mean, there's so many, somany reasons, again, positive
reasons, beautiful reasons whypeople are buying and selling
(24:46):
real estate.
There's also challengingreasons and we've had the honor
to walk alongside with ourclients, whether it's through
the loss of a loved one or adivorce or a job loss.
I mean there are realchallenges that people face and
it does impact real estate.
And again, loss happens.
It's inevitable for all of us.
And, again, how that impactswhat your real estate decisions
(25:07):
are.
And, again, it's through careand candor that be clear, the
market is still moving.
The sky is not falling.
(25:27):
We've been in this market reallythe last two years.
It's been steady, it's beenhealthy.
I mean it's not the crazy.
You know what it was in 2021and 2022.
We are seeing a steady market.
Really, the last 24 months inHenderson County it's been a
steady demand and that's inlight of these interest rates
(25:49):
and that's so we have thismarket.
That's.
I mean I went through the 2010,2011 markets where it was almost
half of what we're experiencingnow.
I mean maybe a little bit morethan half.
I mean we're averaging some 70homes a month selling.
Now we're averaging some 124homes a month selling.
So I mean, compared to what wewent through back then the
(26:10):
market and the other differences.
I mean, yes, there's less homeselling now, but the difference
is the equity that people havein their homes, the amount of uh
, the very minimal amount ofdistressed sales.
I mean I think the distressedsale market is less than 1% when
you look at foreclosures andshort sales.
I mean I think the distressedsale market is less than 1%.
When you look at foreclosuresand short sales.
I mean, like, if you are havinga financial hardship or just
(26:32):
having an unfortunate situationwhere you're having to make the
decision to sell, likely youhave equity in your home.
Likely you have a parachute thatyou can pull, that you can get
out and start over and reset, aparachute that you can pull,
that you can get out and startover and reset.
You most likely have equity inyour home.
And there's so many differentreasons why people buy and sell
(26:52):
homes and we've had theprivilege and honor to walk
alongside with our clientsnavigating through the buying
and selling process, the markets, the market, the interest rates
, of the interest rates, andit's again it's a privilege to
help our clients navigatethrough life and through again,
if they're just you know, youmight be facing a reason to sell
your home that you weren'tanticipating.
You know, maybe your home againfor whatever reason, and
(27:15):
there's absolutely no judgment.
It's all curiosity in the senseof like we want to understand.
So the more we understand, themore we can help you navigate
through what that looks like andwhat it might be to you know.
Do you sell before you buy?
Do you buy before you sell?
Are you considering, you know,selling an investment property?
Maybe you have a largeportfolio of whether it's
(27:37):
commercial real estate orresidential real estate, and
you're saying I'm just donemanaging it.
I mean we certainly haverecommendations we can give you
for managers, but also you mightconsider moving your real
estate portfolio into a passiveinvestment.
Maybe we have access for 1031exchanges, which is an
(27:58):
opportunity to avoid capitalgains it's a way to delay
capital gains and maybe you havean investment here locally or
in another state.
We can help you sell theproperty.
We can help you move that moneyinto another real estate
investment.
But we have access toinstitutional investments where
we can introduce you to optionswhere maybe you're buying into,
(28:29):
like a student housing portfolioMaybe you're buying into.
You know there's so manyoptions and again, these are big
institutional investments thatagain, maybe you want to
consider or learn more about.
We can help you with that.
We can get you in the rightconversation to explore what
your options are.
We can help you with sellingand buying.
(28:50):
We can help you move yourportfolio.
There's also ways to becreative with your giving, with
real estate, and again, we havesolutions and we're just having
conversations every single day.
So give us a call 828-393-0134,828-393-0134.
Find us online.
We're at realestatebygregcom.
(29:10):
We podcast all of our radioshows.
Our office is located in FlatRock.
Our friends at Hubba HubbaBarbecue are opening up tomorrow
.
They're in Flat Rock, they'recoming out of hibernation.
Also, our friends at Hubba Lou,campfire Grill, the Wrinkled
Egg, all the Flat Rock Bakery Ijoke, we have a very dangerous
place for an office.
(29:30):
If you've not stopped byVillage of Flat Rock, we're
there on Rainbow Row and again,whether you're buying, selling,
investing in real estate or wantto have a conversation, maybe
you're thinking about a careerin real estate.
We're hiring more agents.
We have an incredible group, wehave an incredible team and
(29:51):
we're so enthusiastic andexcited about helping our
clients navigate through thebuying and selling process.
Find us online atrealestatebygregcom.
Follow us on our podcast.
We recently passed over 10,000downloads on our podcast, which
was an exciting moment, for sure, but we podcast all of our
radio shows and whether you'dlike to have a conversation,
whether you'd like to follow us,we're also on on Facebook and
Instagram.
(30:11):
Uh, the Georgia real estategroup.
Uh, but we are so excited aboutthe future.
We're excited about helping ourclients.
This is going to be it isalready a great year.
It's going to continue to be agreat year and we're again
looking forward to the realestate.
Uh, just helping our clients.
And so we're here every thursdaymorning right after 10 o'clock
news.
Uh, we're also here everyfriday morning.
(30:33):
The hometown hero series coachrogers will be here tomorrow
morning and have theconversation about an incredible
season that the coach,tennysonville high jv lady
bearcats, experience.
Again.
We are here every fridaymorning doing the Hometown
Heroes series.
There's the music.
Time is up.
Had a fun conversation withTippi at the beginning.
Best wishes to all thebasketball teams, but have a
(30:55):
wonderful day and do somethingkind for someone.
But give us a call 828-393-0134.
Have a great day and we'll seeyou tomorrow morning.
The market changes.
Interest rates rise and fall.
(31:15):
Headlines tell a differentstory every day, but here's what
hasn't changed People stillneed to buy and sell homes.
At the George Real Estate Group, we've been navigating the ups
and downs of the real estatemarket for over 20 years.
We've seen it all and we knowwhat it takes to sell your home
for top dollar, no matter theconditions.
(31:38):
Buyers are still out there andwith the right strategy,
marketing and negotiation, yourhome can sell faster and for
more than you might think.
If you've been waiting for theperfect time to sell, it's now.
Let's sit down, talk, strategyand make a plan.
Call the George Real EstateGroup today at 828-393-0134, and
(32:03):
find us online atrealestatebygregcom.
And don't forget to connectwith us on social media and
follow our podcast.
Speaker 3 (32:11):
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 atgeorgerrealestategroupradiocom
for more information.
Good morning and welcome to theGeorge Real Estate Group live
(00:46):
radio broadcast here on WHKPEvery Thursday morning, bringing
you positive news about yourlocal real estate market and
community.
Grateful to be here with you.
So much to be thankful for.
Here we are, middle of March.
Time is flying by.
I mean, this is our favoritetime of the year.
I might grab Tippy to jump onthe mic there with me, but you
(01:07):
know why it's my favorite timeof year.
Got a basketball.
Speaker 2 (01:12):
Jones, I got a basketball Jones.
Speaker 1 (01:17):
We won't talk long about this, but we got to
acknowledge the time of year.
It is.
Yeah, it is Again.
So many good things are goingon, positive news, and we're
going to.
I will jump into theconversation.
But this is the first day,first round, of the men's
college basketball tournament.
(01:38):
You know, aka, march Madness.
I mean we had the first two, uhthe first four games four games
yes, the first four teams, butI mean anyways, and the heels
they survived they.
Speaker 2 (01:53):
They got in by the their hair, of their chinny chin
.
I was gonna say the same thing.
Speaker 1 (01:58):
A lot of controversy actually about them getting in.
I mean, um, and you compare to,uh, you compare to west
virginia, and and what they're.
They said if there was a blind,you know, if they just looked
at the blind resumes, right,they might not have their brand
well, it's a lot of a lot of theannouncers.
Speaker 2 (02:19):
Yeah, uh was saying that they didn't deserve to be
in.
Speaker 1 (02:22):
Well, again, if you just were looking at a blind
resume.
But what Tiffy and I aretalking about is the March
Madness.
I always enjoy having a littlebit of a conversation in it.
Of course the ACC is stronglyrepresented, not as strong as
the SEC the most teams in theentire field.
Speaker 2 (02:40):
I'm telling you, man, I've never seen a whole
conference.
Speaker 1 (02:43):
Now, we would have liked that one time, one time
the ACC had that, but this isthe best time of the year, I'm
telling you.
The basketball is in the air.
Speaker 2 (02:54):
And the thing is, the game seemed like it's changed
so much because you got thetransport portal.
So when you're talking aboutthat, you're getting players
from different other teamsthat's decided to go to another
(03:14):
team and you just man, thecompetition is so great.
Speaker 1 (03:20):
It is, and you got the transfers, you have the
one-and-dones.
I mean basketball, certainlythe environment's changed it's
so great it is.
And you've got the transfers,you have the one-and-dones.
I mean basketball.
Certainly the environment'schanged, but I'll tell you this,
though it's anybody's day whenthose kids step on the court,
and certainly it's a fun time ofyear A lot of basketball to be
watched.
Speaker 2 (03:40):
Well, you know you like them Blue Devils, and I'm
just, you know, I like to seeFlag at his best.
Speaker 1 (03:49):
But even if Flag doesn't play, they look good.
Speaker 2 (03:51):
Oh yeah, they really do, but I think when you're
talking about, this is anotherseason.
Yes, oh, it's a whole season,yeah it's another season, it is,
and it's like somebody said,not blowing the horn for
Carolina, but it's.
Speaker 1 (04:08):
I mean Carolina.
Speaker 2 (04:09):
They play.
When you talk about NCAA, itseemed like the gears changed.
Speaker 1 (04:14):
Yeah.
Speaker 2 (04:15):
And not saying that they will go that far, but We'll
see.
I tell you they I don't.
Speaker 1 (04:21):
Well, they're playing with a chip on their shoulder.
Speaker 2 (04:22):
Well, ESPN this morning said that and I said, oh
Lord, don't put to.
Well, they're playing with achip on their shoulder.
Well, espn this morning saidthat and I said, oh Lord, don't
put that pressure on them likethat.
And they said they werethinking that they might go to
the Elite Eight.
It's possible, wow, but IowaState is in that bracket, okay.
Speaker 1 (04:38):
If they get past the game.
Speaker 2 (04:40):
Friday.
That's who possibly they wouldmeet if they win Friday.
So our state was rated numbertwo in the nation at one time.
I don't think they made it tonumber one but they got some
injuries and not liking anybodyto have injuries but that's part
(05:02):
of the game.
Speaker 1 (05:03):
to have injuries, but that's part of the game, well,
and then the other, mcneeseState, is playing Clemson, and
they're saying that has thepotential of an upset.
Speaker 2 (05:16):
I don't think so.
I hope Clemson can.
Well, I hope Clemson will pickback up, that's at 315 today.
Speaker 1 (05:23):
Oh is it.
Speaker 2 (05:24):
Okay, there's a lot that's at 315 today.
Speaker 1 (05:26):
Oh, is it Okay?
There's a lot of basketballstarting at noon today.
It is.
It's a fun time of year.
Oh, yeah it is, and it's alwaysfun competition and a lot of
discussion.
So who's your pick?
If you had to pick one for thewin, for the whole thing?
Speaker 2 (05:46):
Let's see.
Well, you know, if Flag ishealthy, I mean I um.
Well, you know, if flag ishealthy, I mean I just, you know
, I'm not a dukey, but I likebasketball.
Speaker 1 (05:54):
So I would say uh, duke, I think florida and duke
have the best chance.
Speaker 2 (05:57):
That's right that's what I was gonna say.
Speaker 1 (05:59):
Florida, that's when they beat alabama yeah, the way
they did in the SEC.
Speaker 2 (06:04):
I would say whoa.
Speaker 1 (06:06):
Yeah, I mean Florida's got it.
So I actually in my bracket Ipick Florida and Duke in the
final.
Speaker 2 (06:14):
You know, when I go back to it, I forgot North
Carolina played Florida andFlorida beat them, but they
didn't beat them real bad.
But Florida is a different teamnow.
I mean I've seen them play afew moments doing the SEC.
Speaker 1 (06:32):
Yeah.
Speaker 2 (06:32):
They played Alabama because if I was kind of a
betting man I might have put mymoney on Alabama Right but thank
God, I love my money in anotherarena, but I tell you it is a
great time, man.
Speaker 1 (06:48):
It's a lot of fun, it is.
Speaker 2 (06:51):
And a lot of people talk about the NCAA and I love
the NBA as well, of course,because these are the guys
wanting to make their tracks inthe NBA.
Speaker 1 (07:04):
And then just basketball in general.
You know, last Friday we hadCoach Jones, marquita Jones and
Caden Brewer with us from EastHenderson.
Speaker 3 (07:11):
High School.
Speaker 1 (07:12):
If you didn't get a chance to hear that interview,
you can actually go to ourpodcast.
We podcast all of our radioshows.
We had our Hometown Heroesseries last Friday morning with
Coach Jones and Caden Brewer andthey're excited.
Again, incredible season atEast.
And then tomorrow morning wehave another basketball coach,
coach Stephen Rogers, the coachof the Hendersonville High JV,
(07:33):
lady Bearcats.
The team advanced to the thirdround of the state playoffs.
That's really good.
They've not done that since2005,.
And so another remarkableseason and we're going to chat
with Coach Jones tomorrowmorning.
Again, basketball is such agreat Rodgers Rodgers.
Speaker 3 (07:48):
I'm so sorry, what did I?
Speaker 2 (07:49):
say there Say Jones.
Speaker 1 (07:51):
Oh, coach Rogers, tomorrow morning at 845.
Our Hometown Heroes series andjust again ongoing conversation,
but basketball again.
Life has, you know, real excuseme Well, real estate and
basketball the point is it'sabout.
There's so many lessons of life, of course, that we can take
from all of it.
Yes, and the perseverance.
Speaker 2 (08:11):
But I always think about what Coach Jones.
You know he wants to win, butthe bottom line is developing
the young players, the youngplayers, the young men To become
young men.
Speaker 1 (08:23):
Yeah, Again, basketball is the vehicle for
the influence that he has onthose kids and the powerful
impact.
And again, that's the influenceof our leaders in our life and
coaches in our life.
And we look back.
I know you look back at yourcoaches and the impact they had
on you.
I look back at mine as well.
It's a special role in ourlives.
(08:46):
Again sports is so impactful andI mean it's fun to see the
success on the courts but whenyou see, you know again how
people persevere and theyovercome challenges and what
they've faced.
And Again, basketball is agreat analogy for life and it's
going to be a lot of fun towatch that.
Speaker 2 (09:07):
I was listening to ESPN a little bit this morning,
normally.
Speaker 3 (09:11):
I got it on.
Speaker 2 (09:12):
ABC News.
But the coach at Missouri wassaying that same concept and he
was saying that the game isgreat.
But he wants these guys, nomatter win or lose, they want to
let them know.
Learn from your failures.
(09:33):
That's right, and a lot oftimes that's how you grow.
Speaker 1 (09:38):
Absolutely.
It's failing forward, butlearning from it.
And failure is not final, butit's what you do with it and how
you respond to it.
That's right.
That, actually, that's a greatsegue to.
Did you know?
Have you heard the name,Chester Carlson?
Speaker 2 (09:54):
Chester Carlson.
Speaker 1 (09:56):
You might not recognize that name, but get
this.
Chester Carlson in the 19301930s built a machine.
Think about this In the 1930s,chester Carlson built a machine
that could copy documents with apress of a button Wow.
But when he tried to sell it,no one wanted to listen.
(10:20):
Ibm, kodak, ge, all rejectedhim.
Wow, and talk about failure andbeing turned down.
Yes, rejected they told him itwas too bulky, too impractical,
a solution to a problem thatdidn't exist.
And again you've got to thinkthis is back in the 1930s.
Speaker 2 (10:42):
Okay, they weren't ready for it.
Speaker 1 (10:44):
But Carlson refused to quit.
Okay, for 15 years.
For 15 years he knocked ondoors.
He improved his invention,funding it with his own savings,
and finally a company calledhow lloyd, which which later
(11:04):
became Xerox, took a chance.
Their first copier, xerox 914,was an instant success.
Businesses lined up to get one.
Within years, xerox became abillion-dollar company and
Carlson, once dismissed as afool, became a multi, a multi
(11:28):
millionaire, a genius, a genius,that's right in.
Speaker 2 (11:32):
That isn't that wild.
That's right.
He never gave up did never gaveup he never, gave up.
Speaker 1 (11:36):
You'll hear another inspiring story about never
giving up.
You're going to recognize thisname.
But?
But in 1952, at 65 years old,colonel Sanders, did you know?
He actually lost everything.
For 20 years he perfected hisfried chicken recipe and finally
succeeded in franchising it.
(11:58):
When disaster struck Did youknow this?
A new interstate highwaydiverted traffic away from his
restaurant, forcing him to sellit.
And at the age of 65 years old,most people retire.
At 65 years old, sanders wasback to square one no money, no,
(12:24):
no restaurant, no plan.
But he refused to quit.
Armed with nothing but hisrecipe, he hit the road pitching
it to restaurant owners.
Guess how many times he pitchedit?
over 200 times a thousand andnine times they said no.
A thousand and nine times theysaid no.
(12:44):
1009 times they said no, toorisky, too different.
No one wanted to take a chanceon an old man with a pressure
fryer, but on the 1010th try,someone finally said yes and
that yes became Kentucky FriedChicken and by 73, his franchise
(13:08):
was worth millions.
Wow, again, and I love thesestories.
Perseverance, not giving upfailure, yeah, you know
overcoming that's right failures.
You know overcoming tragedies,overcoming all of this, again,
it's whether it's in basketballor in business, or in life
there's a lot to be learned.
Speaker 3 (13:29):
Tippy, I'm always grateful to have you.
Speaker 1 (13:31):
Thank you for sharing , I feel like this time of year,
we ought to get a longer showto talk about the March Madness.
We might have to do a separateMarch Madness show we might do
that.
Thank you, tippy, if you'retuning in for the first time
ever, wondering what in theworld is this radio show?
This is a live radio show hereon WHKP every Thursday morning
right after the 10 o'clock newsand just grateful for Tippie and
(13:51):
just the conversation, gratefulfor our friendship, but just
fun.
We always banter about thebasketball in this time of year,
but you know so much to bethankful for If you're tuning in
for the first time ever.
The George Real Estate Group.
We're located in Flat Rock.
We've been serving thecommunity for years.
This is my 20th year with mybroker's license and I joke I'm
(14:13):
an overnight success.
That's taken 20 years ofshowing up every day and
overcoming failure, overcomingso much and again we keep
showing up every day.
The markets, the interest rates, the economy, life happening,
and again, just so much to begrateful for.
But we've had the privilege andhonor of serving and helping
over.
We're coming up on our 1500thclient in my career that I've
served and worked with.
And again, our team's growing.
(14:34):
We're hiring more agents.
We have an incredible group ofagents and staff and if you're
thinking about buying, sellingor investing, or maybe even a
1031 exchange, and if you don'teven know what that means.
We're glad to share with youabout that.
If you're investing in realestate, maybe you're thinking
about strategic planning withyour portfolio of real estate
and how that can you can leave alegacy for nonprofits and your
(14:54):
your family.
Again, there's so many aspectsof real estate that we dive into
and can help and advise andcoach and and we'd be honored to
have a conversation there's nopressure, there's no cost,
there's no obligation to have aconfidential consultation about
your real estate goals andquestions and your investments.
And I mean we haveopportunities for investments.
(15:15):
We have opportunities for youknow, if you're considering
building your real estateportfolio, maybe you want to buy
into some commercialopportunities, maybe you want to
buy residential opportunities.
Again, we have an incredibleteam in place.
And if you're thinking ofbuying, selling or investing or
a career in real estate, give usa call 828-393-0134,
(15:36):
828-393-0134.
We'd love to have theconversation with you.
We're located in Flat Rock.
We serve all of Western NorthCarolina and upstate South
Carolina.
We have agents that live bothin North and South Carolina.
We have an incredible group ofagents.
We're here to serve you.
We're here to serve thecommunity.
We're here to solve problems.
Again, the interest rates arethe interest rates, the real
(15:58):
estate market's the market andwe will dive into what's going
on in the local market.
And just to give you a quicksnapshot of what's going on, I
mean let's start here and justlook at the last seven days in
Henderson County forsingle-family homes, there's
been 40 new listings.
This is interesting.
(16:19):
There's been 46 pricereductions, there's been 37
homes go under contract andthere's been 30 homes closed.
That is just a seven day, justa seven day snapshot of the
market.
Now, when we look at the overallmarket, we look at what's
(16:41):
happened in the last 12 months.
We're just shy of 1,500 homesover the last 12 months.
There is only 414 activesingle-family homes on the
market.
I'm not including condos ortownhomes.
They are about 10% of ourmarket.
The condos are about 10%,townhomes are about 8%.
But over the last 12 monthswe're averaging 124, almost 125
(17:07):
single-family homes a monthselling and that's within.
You know I mean less than well.
Actually, there's only a12-home difference between the
current 12-month period and theprevious 12-month period.
So really we are living in aflat market.
(17:27):
In regards to the housing marketNow, I will say we continue to
see appreciation, albeit it'sbeen remaining flat.
The average single-family homeprice over the last 12 months is
at $548,000, and that number'sbeen bouncing around in the low
$550,000s to the high 40s 540s.
But currently over the last 12months, the average
(17:47):
single-family home price overthe last 12 months is at 548,
and change almost 549.
During the previous 12 months,when we look at March to March
of 2023 to 2024, that price wasat 527.
And then we look at this Marchto the previous March, the
average price is at 548.
So the market remains strong,the market's remaining steady.
(18:09):
I mean, we've had still strongdemand and when you look at the
month of February, single-familyhomes in February there was 95
sold this February, there was 92sold the previous February and
then 95 sold in 2023.
When we look at 2000, excuse me,when we look at January, we did
(18:30):
have an uptick.
The interesting thing is yearto date this year.
I mean, if you look at Januaryand February this year, we're at
200 homes sold so far inJanuary and February single
family homes sold and then inthe previous January and
February, single-family homessold and then in the previous
January and February there was178 homes sold.
So 178 is actually.
(18:53):
We've seen almost.
If I'm doing my math correctly,we've had almost a 6% increase
in the number of homes sold thisJanuary February than during
the previous January February in2024.
So we're actually seeing aslight increase in the number of
single-family homes sold.
(19:14):
And that's in the light of thecurrent interest rates and
that's in light of the currentenvironment of the economy.
And again, the market's themarket, the economy's the
economy, the interest rates arethe interest rates If you're.
And again, the markets, themarket, the economy's economy,
the interest rates are theinterest rates If you're.
You're curious what your homeis worth, if you're curious
about your, your portfolio ofreal estate, if you're curious
about, you know, strategicplanning with you know capital,
(19:38):
uh, you know.
Uh, if you're looking at yourcapital gains taxes, again,
there's so much that we takeinto and maybe you're looking to
grow your portfolio.
Right now, we know long-termholding on to real estate is one
of the best investments thatyou can do.
I saw an article on the FederalReserve and on the economy that
I subscribed to, a newslettercalled Morning Brew, and their
(20:00):
article on the Feds, I thinkcertainly puts some context on
what's happening and I love theway these guys write this
newsletter.
But they said, if the Fedcopied our move and instituted a
word of the day.
Yesterday's would have beenuncertainty.
The central bank said it wouldleave interest rates unchanged,
hovering around 4.5%.
(20:21):
Now, by the way, a lot ofpeople don't realize mortgage
rates and the Federal Reserverate is different, but it
certainly impacts it.
But the article goes on to saythat the two rate cuts are still
on the table at some point thisyear.
But it also said it expects tosee slower growth and higher
inflation.
(20:41):
On the surface, the articlegoes on to say the Fed's
decisions seem pretty uneventful.
The central bank projected tworate cuts for 2025 back in
December and economists didn'texpect one to come yesterday.
But Federal Chair Jerome Powellthe king of quote we'll have to
wait and see.
(21:01):
End quote doubled down,highlighting that the
uncertainty brought about by theTrump administration's
attitudes on trade, immigration,fiscal policy and regulation.
So declining consumer sentimentand recent slowdown in growth
would typically trigger the Fedto cut interest rates.
But inflation is stubbornlyabove its 2% target and you may
(21:26):
or may not realize this, but thefederal government actually has
a 2% target rate for inflation.
So the Fed lowered its economicgrowth outlook, saying that US
GDP would rise at 1.7% pace thisyear.
That's down 0.4% from itsprojection in december.
It also raised inflationprojections, expecting it to
(21:49):
grow 2.8 percent this year, upfrom the 2.5 percent it
predicted at the end of lastyear.
Central bankers are stillexpect still expect inflation to
fall in 2026 and 2027, butpowell added that these
predictions were still highlyuncertain.
Again, the article continues tosay during President Trump's
first term, terrorists pushedthe Fed to cut rates
(22:13):
preemptively, but inflation wasmuch lower then.
Yesterday Powell downplayedconcerns, noting that inflation
caused by tariffs would merelybe transitory.
So more to wait for.
The Fed likely wants tounderstand how proposed
government spending cuts impactlocal economies and where
(22:34):
unemployment numbers settlefollowing mass federal
government layoffs, before itdoes too much, the market seems
happy.
The humor in this article, likethe male lead in an outdated
rom-com who's unable to acceptrejection.
Wall Street exclusively heardthere's still a chance.
(22:56):
So markets jumped in responseto the continued possibility of
two rate cuts this year.
Again, I subscribe to it'scalled the Morning Brew.
They have a fun approach tonews and seem to be again just
able to process what's going onin a.
It can be sometimes humorous,but again a digestible
(23:17):
understanding for the news.
So again the Morning Brew.
And that's where I get a lot ofinformation.
But you know, going back to ourlocal housing market, our local
economy, here in HendersonCounty, here in Western North
Carolina, we continue to seedemand.
We continue to see peopleliving their lives.
(23:39):
We see people wanting to movetheir dreams forward and move
here to the mountains and enjoythe quality of life, the four
distinct seasons, the mildclimates, the beautiful outdoor
living that we have, thewonderful downtown, the quality
of life, all the people thatlive here.
You know we just had a couple,you know, come into our office
(23:59):
from Texas that are they'releaving Texas.
They and, by the way, Texas wasin the top migration states for
a while but again, for theirown reasons, they've decided
they love Western North Carolina, they want to move here and
we've been helping them findproperty here in Western North
Carolina.
We have people moving here fromCalifornia.
We have people that we'reworking with that are moving
(24:23):
from the middle of NorthCarolina, the Piedmont area, the
coast of North Carolina.
People are coming in to themountains and of course it
depends on life.
Life is happening.
It could be maybe people's kidsare going off to college or
they're downsizing or they'reright-sizing.
I mean, there's so many, somany reasons, again, positive
reasons, beautiful reasons whypeople are buying and selling
(24:46):
real estate.
There's also challengingreasons and we've had the honor
to walk alongside with ourclients, whether it's through
the loss of a loved one or adivorce or a job loss.
I mean there are realchallenges that people face and
it does impact real estate.
And again, loss happens.
It's inevitable for all of us.
And, again, how that impactswhat your real estate decisions
(25:07):
are.
And, again, it's through careand candor that be clear, the
market is still moving.
The sky is not falling.
(25:27):
We've been in this market reallythe last two years.
It's been steady, it's beenhealthy.
I mean it's not the crazy.
You know what it was in 2021and 2022.
We are seeing a steady market.
Really, the last 24 months inHenderson County it's been a
steady demand and that's inlight of these interest rates
(25:49):
and that's so we have thismarket.
That's.
I mean I went through the 2010,2011 markets where it was almost
half of what we're experiencingnow.
I mean maybe a little bit morethan half.
I mean we're averaging some 70homes a month selling.
Now we're averaging some 124homes a month selling.
So I mean, compared to what wewent through back then the
(26:10):
market and the other differences.
I mean, yes, there's less homeselling now, but the difference
is the equity that people havein their homes, the amount of uh
, the very minimal amount ofdistressed sales.
I mean I think the distressedsale market is less than 1% when
you look at foreclosures andshort sales.
I mean I think the distressedsale market is less than 1%.
When you look at foreclosuresand short sales.
I mean, like, if you are havinga financial hardship or just
(26:32):
having an unfortunate situationwhere you're having to make the
decision to sell, likely youhave equity in your home.
Likely you have a parachute thatyou can pull, that you can get
out and start over and reset, aparachute that you can pull,
that you can get out and startover and reset.
You most likely have equity inyour home.
And there's so many differentreasons why people buy and sell
(26:52):
homes and we've had theprivilege and honor to walk
alongside with our clientsnavigating through the buying
and selling process, the markets, the market, the interest rates
, of the interest rates, andit's again it's a privilege to
help our clients navigatethrough life and through again,
if they're just you know, youmight be facing a reason to sell
your home that you weren'tanticipating.
You know, maybe your home againfor whatever reason, and
(27:15):
there's absolutely no judgment.
It's all curiosity in the senseof like we want to understand.
So the more we understand, themore we can help you navigate
through what that looks like andwhat it might be to you know.
Do you sell before you buy?
Do you buy before you sell?
Are you considering, you know,selling an investment property?
Maybe you have a largeportfolio of whether it's
(27:37):
commercial real estate orresidential real estate, and
you're saying I'm just donemanaging it.
I mean we certainly haverecommendations we can give you
for managers, but also you mightconsider moving your real
estate portfolio into a passiveinvestment.
Maybe we have access for 1031exchanges, which is an
(27:58):
opportunity to avoid capitalgains it's a way to delay
capital gains and maybe you havean investment here locally or
in another state.
We can help you sell theproperty.
We can help you move that moneyinto another real estate
investment.
But we have access toinstitutional investments where
we can introduce you to optionswhere maybe you're buying into,
(28:29):
like a student housing portfolioMaybe you're buying into.
You know there's so manyoptions and again, these are big
institutional investments thatagain, maybe you want to
consider or learn more about.
We can help you with that.
We can get you in the rightconversation to explore what
your options are.
We can help you with sellingand buying.
(28:50):
We can help you move yourportfolio.
There's also ways to becreative with your giving, with
real estate, and again, we havesolutions and we're just having
conversations every single day.
So give us a call 828-393-0134,828-393-0134.
Find us online.
We're at realestatebygregcom.
(29:10):
We podcast all of our radioshows.
Our office is located in FlatRock.
Our friends at Hubba HubbaBarbecue are opening up tomorrow
.
They're in Flat Rock, they'recoming out of hibernation.
Also, our friends at Hubba Lou,campfire Grill, the Wrinkled
Egg, all the Flat Rock Bakery Ijoke, we have a very dangerous
place for an office.
(29:30):
If you've not stopped byVillage of Flat Rock, we're
there on Rainbow Row and again,whether you're buying, selling,
investing in real estate or wantto have a conversation, maybe
you're thinking about a careerin real estate.
We're hiring more agents.
We have an incredible group, wehave an incredible team and
(29:51):
we're so enthusiastic andexcited about helping our
clients navigate through thebuying and selling process.
Find us online atrealestatebygregcom.
Follow us on our podcast.
We recently passed over 10,000downloads on our podcast, which
was an exciting moment, for sure, but we podcast all of our
radio shows and whether you'dlike to have a conversation,
whether you'd like to follow us,we're also on on Facebook and
Instagram.
(30:11):
Uh, the Georgia real estategroup.
Uh, but we are so excited aboutthe future.
We're excited about helping ourclients.
This is going to be it isalready a great year.
It's going to continue to be agreat year and we're again
looking forward to the realestate.
Uh, just helping our clients.
And so we're here every thursdaymorning right after 10 o'clock
news.
Uh, we're also here everyfriday morning.
(30:33):
The hometown hero series coachrogers will be here tomorrow
morning and have theconversation about an incredible
season that the coach,tennysonville high jv lady
bearcats, experience.
Again.
We are here every fridaymorning doing the Hometown
Heroes series.
There's the music.
Time is up.
Had a fun conversation withTippi at the beginning.
Best wishes to all thebasketball teams, but have a
(30:55):
wonderful day and do somethingkind for someone.
But give us a call 828-393-0134.
Have a great day and we'll seeyou tomorrow morning.
The market changes.
Interest rates rise and fall.
(31:15):
Headlines tell a differentstory every day, but here's what
hasn't changed People stillneed to buy and sell homes.
At the George Real Estate Group, we've been navigating the ups
and downs of the real estatemarket for over 20 years.
We've seen it all and we knowwhat it takes to sell your home
for top dollar, no matter theconditions.
(31:38):
Buyers are still out there andwith the right strategy,
marketing and negotiation, yourhome can sell faster and for
more than you might think.
If you've been waiting for theperfect time to sell, it's now.
Let's sit down, talk, strategyand make a plan.
Call the George Real EstateGroup today at 828-393-0134, and
(32:03):
find us online atrealestatebygregcom.
And don't forget to connectwith us on social media and
follow our podcast.
Speaker 3 (32:11):
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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