Asheville Realtors and residents often explain the investment quality of WNC realestate by simply saying “Asheville, North Carolina realestate is like beach realestate. But it just happens to be in the mountains.” The economy of Asheville, while diversified, thrives on tourism. [...] Prices have pulled back from the inflated levels of 2005, of course, but most of that slowdown can be traced to realestate markets elsewhere. But they can’t buy yet because they have not been able to sell the homes they own in other states like California and Florida.
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