Asheville bucks national housing trend as property values climb
citizen-times.com, March 23, 2007

ASHEVILLE - While many homeowners in major cities nationwide have seen their house values drop over the past year, Asheville homeowners continue to see their values going up.

The annual appreciation rate for Asheville was 11.7 percent for 2006 while the rate nationwide stood at only 5.9 percent, a rate that declined in each of the last four quarters.

While many housing markets were affected by speculative buyers "flipping" houses for profit, "people buy houses in Asheville to live in," said Tom Tveidt, research director for the Asheville Area Chamber of Commerce.

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