With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good news is, there’s concrete data to show why this is nothing like the last time.

Better Together Coffee Underground holds the #1 spot in our hearts for our favorite coffee shop. Their coffee shop features locally roasted organic coffee, a variety of teas, fresh pastries, and homemade mini donuts. Experience their custom donuts favorites such as pork belly, Dancing Unicorn, PB&J, and Hoppin Hog. Fresh, hot, creatively topped donuts made to order! It is an adorable place, open and airy with upbeat energy. If you are in Hayesville, NC, you don't want to miss this cute coffee shop.

18 Creekside Cir unit 20, Hayesville, NC 28904, (828) 544-0174

Here at Asiano you will find your favorite Asian food, Chinese, Japanese, and Thai! They have a wide array of authentic food selections that will make you crave more such as Thai Curry, Cashew Shrimp, Sweet and Sour Pork, and fresh Sushi. Asiano uses high-quality fresh ingredients serving the community for many years.

Come and experience the best modern interpretation of classic dishes, and have a great time with the entire family.

1381 US Highway 76, Hiawassee, GA 30546, (706) 896-0508

Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported by strong market fundamentals.

To understand why price declines are unlikely, it’s important to explore what caused home prices to rise so much recently, and where experts say home prices are headed. Here’s what you need to know.

If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. That’s because today’s market is undergoing a shift, and the supply of homes for sale is increasing as a result. That means you may have a better chance of finding a home that will meet your current needs. Here are some options to consider.

Buying an Existing Home Can Give You That Lived-in Charm

According to the National Association of Realtors (NAR), the supply of existing homes (a home that’s been previously owned) has steadily increased since the beginning of the year. The graph below indicates inventory levels are rising, and that’s largely due to more homes coming onto the market and the pace of sales slowing:

With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information.

Here’s why economists and industry experts say the housing market is not a bubble ready to pop.

Osborn Farms is proud to be the best meat market in Hiawassee, GA. They seek out only the best products for their customers to enjoy. This includes their ground beef, ribeye, chuck roasts, skirt steak, brisket, filet, sirloin, and other varieties of meats.

Osborn Farms is a family-owned business providing 100% grass-fed beef, no antibiotics, hormone-free, and cut fresh daily. They are also known to carry other local products such as cream produce, honey, pickles, homemade hand creams/lotions, and more!

1690 GA-17 S, Hiawassee, GA 30546, (706) 970-3588

The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of the year holds for residential real estate.

Where Mortgage Rates Will Go Depends on Inflation

While one of the big questions on all buyers’ minds is where will mortgage rates go in the months ahead, no one has a crystal ball to know exactly what’ll happen in the future. What housing market experts know for sure is that the record-low mortgage rates during the pandemic were an outlier, not the norm.

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news.

Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph below):

Epic Catering and Eatery, nestled in the mountains of Hayesville, NC, offers finest dining experience. They serve stylish food and sophisticated flavors in a welcoming and elegant atmosphere while providing full service catering for Northeast GA and Western NC. They use only the freshest ingredients available and take the time to perfect and develop their tasty dishes. If you are looking for a perfect Sunday brunch spot, Epic Catering is your place.

714 NC-69 Suite A, Hayesville, NC 28904