George Real Estate Group Radio Broadcast

The Real Estate Market Beyond the Headlines: Insights from Western North Carolina

• George Real Estate Group

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When headlines warn of economic uncertainty and market slowdowns, it's easy to hit pause on real estate dreams. But what if waiting costs you more in the long run? The George Real Estate Group's latest podcast challenges conventional wisdom about today's housing market with surprising data from Western North Carolina.

Contrary to national narratives, Henderson County has seen more homes sold this year than last, with neighboring counties showing diverse market conditions. Henderson County maintains a seller's market with a 4.67-month supply and an average home price of $538,000, while Buncombe County has shifted to a balanced market and Transylvania County now favors buyers with its seven-month inventory.

For those waiting for a recession to make housing more affordable, history tells a different story. Prices actually increased during four of the last six economic downturns. While mortgage rates typically fall during recessions, creating better affordability, the expected price drops often don't materialize. As Navy Federal Credit Union economist Robert Frick puts it: "Hopes that an economic slowdown will depress housing prices are wishful thinking."

The podcast offers fascinating historical context—from the $4,000 median home price of the 1920s to today's $430,000 national average—showing real estate's remarkable long-term appreciation through countless economic cycles. This perspective reinforces why homeownership remains a powerful wealth-building tool despite market fluctuations.

Beyond market analysis, the conversation acknowledges that real estate decisions happen amid life's most significant moments—both joyful and challenging. Whether you're relocating for a dream job, downsizing after children leave home, or navigating inheritance questions, having experienced advocates makes all the difference.

Ready to discuss your unique situation? Connect with the George Real Estate Group for a no-pressure consultation about buying, selling, or investing in today's market. Because waiting for perfect conditions might mean missing the opportunity that's available right now.

Speaker 1:

Hello friends, thank you so much for being here. This is the George Real Estate Group podcast, which is a production of our live weekly radio shows hosted on multiple radio stations here in Hendersonville, north Carolina. The George Real Estate Group serves Western North Carolina and upstate South Carolina and it is a privilege to share positive news about our local real estate market and community. Thanks so much for subscribing and, of course, if you have any real estate questions or if we can help you in any way, be sure to reach out. Visit us at georgerrealestategroupradiocom for more information. Good morning and welcome to the Georgia Real Estate Group live radio broadcast here on WHKP. Every Thursday morning we bring you positive news about your local real estate market and community. We're so grateful to be here with you. It's our last show of June, july's around the corner and just so much to be thankful for. We're grateful to be here sharing with you about the local real estate market and community and the market and the economy, and we're just going to dive into the conversation. We have some great new listings. We have some open houses. We have a lot of open houses this weekend, you might. Open houses are very effective and and uh and helpful. I mean we've had a lot of activity buyers and sellers coming out to our open houses and we'll we'll dive into that as well.

Speaker 1:

If you're tuning in for the first time ever, the George real estate group is located in flat rock and we serve all of Western North Carolina and upstate South Carolina. We have the ability to navigate through buying, selling, uh, helping our clients relocate. It could be downsizing, upsizing, maybe it's a working with your estate, maybe it's working with your investment property, maybe you're getting into the career in real estate. It could be land, it could be residential or commercial. We have an incredible group of agents and staff ready to facilitate and navigate through whatever it is. We know real estate happens around life. It could be a really positive reason why you're buying or selling. It could be a challenging reason. We're here for it all. We love and are enthusiastic about helping our clients navigate through buying and selling. Whatever the situation is, we have a no pressure, no cost, no obligation, consultation and we'd love to interview for the job. Give us a call 828-393-0134, the job. Give us a call. 828-393-0134, 828-393-0134. You can find us online at realestatebygregcom.

Speaker 1:

We also podcast all of our radio shows. We have a number of radio shows. Another one of our radio shows is every Friday morning at 845, we have the Hometown Heroes series. We love sharing the story of incredible men and women serving this community and grateful for the conversation tomorrow morning with Mary Yeager-Gale, chairman of the board of Chimney Rock State Park. Mary came to the park in 1981 and never left. We have some updates on the park, its recovery, the reopening, ever left. We have some updates in the park, its recovery, the reopening. Tomorrow morning at 845, as we speak with Mary, our Georgia Real Estate Group, hometown Hero and I know you know people in the community making a difference We'd love to have a conversation. We'd love to shine a light on the incredible work we have, those unsung heroes that are out there serving our community through real estate and we've been doing this Hometown Hero program for a number of years. It's a privilege and honor to meet amazing men and women serving the community, hearing their stories and sharing with what they're doing. And we have an amazing community that we live in.

Speaker 1:

I tell people that are relocating here all the time. I'm a little biased and I, we and I've had the privilege of travel throughout the I mean multiple international places, but also here across the US and grateful for the opportunity to travel and see the world, but where we live, I love calling Hendersonville home and raising my kids here and growing up here and running a business here and helping people. And people come here from all over. They have their experiences here, whether it's the, you know. They've had their first experience with Hendersonville, maybe through the Apple Orchards, or maybe it was through downtown Hendersonville with the Apple Festival or the Garden Jubilee or just, you know, visiting the area to visit friends and family. It could be one of the camps that they attended as a child, or there's so many different reasons why people come to the area and so a lot of people get here and they, they, they think to themselves this is where I want to live, this is where I want to call, call home. So you know this. This is a common experience. People are coming from other places and they have this wonderful experience here for the first time and they say how do I find a way here? And people do. Certainly, during COVID, people were realizing they wanted to move their dreams forward and they weren't going to wait for retirement to move. And they found a way. They found jobs or they brought their jobs with them. People are selling their homes. People are coming here North Carolina one of the more recent reports I heard was one of the top three incoming migration states and people are coming here and they continue to come here and we're seeing where we live and you see the growth and that's a whole other conversation about responsible growth and how that can look like and the need for affordable housing in context, in light of the current market dynamics that we're in. It's interesting. I did a little bit of a dive on how the cost of homes throughout the decades and I'll dive into that here in just a minute Before we do that just again heads up on number of open houses that we have.

Speaker 1:

This coming weekend we have an open house at 73 Wisdom Cove in Flat Rock. Another open house at 1351 Chanteloup Drive in Hendersonville Beautiful, beautiful homes. We have another one on Stony Knob. All these can be found on our Facebook page. You can find us on Facebook, george Real Estate Group on Facebook, and you can see all of our open houses that we have coming up. And you know it's open houses have been a great way for our clients and for our sellers and it's been great for our buyers to get out and see homes. Certainly no pressure to go to look at any of the homes that we have for sale, uh, with the Georgia Real Estate Group. Just a, just a sampling of of some of the homes that we have for sale. Uh, when you go out and look at our open houses, we've had, we had an open house yesterday at 1351 Chanteloup, uh, in the afternoon Again, we we hold open houses even throughout the week. It's very effective.

Speaker 1:

You might be wondering what's happening here specifically locally. June's not over yet, but when you look at year to date, year to date there's been more homes sold in Henderson County, which is amazing, year-to-date this year versus year-to-date this, versus last year, I mean. But January there was more homes sold, february, more homes sold than the previous month, the previous, you know January. The previous February, march was right on par April also had more homes and in May there was just 140 single-family homes sold in May, this May, versus 143 last May. And so we'll see what happens.

Speaker 1:

We're going to see what happens, but the demand is remaining strong in Henderson County. We're averaging some 126 single-family homes a month selling in Henderson County. There's been over 1,500 homes sold in the last 12 months. Our average single-family home price is $538,000. $538,000. And then also there's only 589 active available homes in Henderson County right now, active homes available. And so you know, if you take them, you do the math, you look at how many homes we're averaging selling per month and we have it's been slowly increasing in the sense of the absorption rate. So we have a 4.6, almost 4.7 months supply. Six months is considered a balanced market. More than six months is a seller's market. Less than six months is a buyer's excuse me more than six months as a buyer's market, less than six months as a seller's market. In Henderson County we have a 4.67 month supply.

Speaker 1:

You might be surprised to hear what's happening in Buncombe County. In Buncombe County there's been over 2,500 single-family homes sold in the last 12 months and that's 213 a month. They have almost 1,300 homes available. So Buncombe County has shifted into a balanced market at the moment. Six months of inventory. The average of single-family home price over the last 12 months in Buncombe County is at $666,000. Again, we're just watching what's happening in the market. There's almost 1,300 homes available in Buncombe County. And then you might be surprised what's happening in Transylvania County over the last 12 months. Uh, there's. There's been 416 single family homes sold. That's almost 35 homes a month selling in Transylvania County. I mean so they have a seven month supply. And then the average available home excuse me, the average single family home price in Transylvania County almost at $750, $748 is the single-family home price in Transylvania County. It's amazing to look at. The market certainly is softening. Days on market are increasing. The inventory levels are increasing, but there's a lot of news about the.

Speaker 1:

You know you've got to be careful about the news when it talks about the economy. When you talk about, you know the R word recession. You know a lot of people. You know there's people that are in fear about a recession. You know there's which you know fear is a paralyzing thing. It causes people not to make a move. You know so. A lot of Americans are pausing their home buying or selling plans. It's, you know, the headlines warning of an economic slowdown, uncertainty, and so in regards to real estate, you might be wondering should I wait for a recession before I make a move in real estate? And if you're asking that estate, you might be wondering should I wait for a recession before I make a move in real estate? And if you're asking that question. You're not alone. There was a recent survey from John Burns Research and Consulting, and also with Keeping Current Matters, that found 68% of people are hitting the brakes on their real estate plans due to economic concerns. But here's the twist Not all that hesitation is rooted in fear.

Speaker 1:

For some, it's actually rooted in hope. Some people are actually waiting and hoping for lower rates. According to realtorcom, nearly three in 10 recent buyers that's almost 30% said a recession would actually increase their likelihood of purchasing a home. Well, why? Because many buyers believe that if a recession hits, mortgage rates will drop, making homes more affordable. And historically, actually, that's not far off. Looking at the last six recessions, mortgage rates have fallen every time. And that's because, during economic slowdowns, the Federal Reserve typically cuts interest rates in an attempt to stimulate the economy. That can bring mortgage rates down as well, potentially unlocking better affordability for buyers who've been priced out by high mortgage payments. And so, yes, lower interest rates during a recession are a real possibility. But the possibility, but here's the catch prices don't always follow. You know.

Speaker 1:

While some buyers are banking on drop in a drop in home prices, history paints a different picture and according to long-term data from uh, from a company, formerly core logic. Home prices actually went up in four of the last six recessions. It was the housing crash of 2008 that was the outliner, not the norm, but the crash was a result of a perfect storm of risky lending practices and oversupply of home in a broken financial system. None of those factors are at play today. In fact, quite the opposite. Inventory levels remain historically low in many markets. I share with you about our inventory levels. Again, only just some 200 homes available in Transylvania County, 1,300 homes available in Buncombe County. Only some 500 homes available in Transylvania County, 1,300 homes available in Buncombe County. Only some 500 homes available in Henderson County.

Speaker 1:

And so if you're hoping for prices to draw dramatically in a recession, you may be waiting for a market that simply won't show up. Robert Frick, the corporate economist at Navy Federal Credit Union, put it this way hopes that an economic slowdown will depress housing prices are wishful thinking at this point. So what today's market's actually doing? So here's what we do know Prices are holding steady or climbing in most metropolitan areas, albeit at a slower pace and rapid spikes of recent years. Inventory levels improving, but demand remains strong, especially for well-priced homes and desirable locations. And then mortgage rates are still fluctuating, but recent shifts suggest we could see softening if economic pressures mount. So, in short, we're in a market that rewards prepared strategic buyers and sellers, and so if you're waiting for the stars to align ultra low rates and falling home prices you may miss the opportunity, the window of opportunity actually that's open right now, you know.

Speaker 1:

So don't wait for a recession that may not deliver what you expect. And if your plan is to sit on the sidelines until recession fixes the market, consider what history and experts tell us. You might get a break on interest rates, but that doesn't mean you'll get a discount on price. You know the better strategy strategy work with a local real estate expert who understands the market, your goals and the real dynamics at play, not just the headlines. We'd love to connect at the George Real Estate Group. We can build a plan that works for you, so you're not just waiting for a market that may never come.

Speaker 1:

You know we can have. We can look at your situation, we can look at your unique home, we can look at your options and provide clarity. So, again, we can discuss all your situation. Do you buy before you sell? Do you sell before you buy? What are you qualified for? What kind of tax implications are there whether you're selling your personal home or your rental home or your investment property or commercial property or raw land? I mean, there's so many different things that come into play in the buying and selling process and we certainly can have that conversation, provide clarity so you can make a decision you know for what's right for you.

Speaker 1:

You know we are meeting with people every single day and we're having the conversation and in some cases they're shopping, they're looking at homes just to get a feel and then sometimes people are specifically. You know they would sell their home if they knew exactly where they're going to. That's also the case when we're working with our commercial clients and they're doing 1031 exchanges. We have options for you to consider for the 1031 exchange where you can find and you can park your money in other real estate investment opportunities and avoid the capital gains. With what's called a 1031 exchange, in a lot of cases you can actually make more money and pay less taxes. I know that seems impossible but it's happening and it's true. In a lot of cases you can make more money, pay less taxes and avoid the capital gains. You can defer the capital gains and we've been working with incredible clients and helping our clients navigate through what's called a 1031 exchange and we're working with tax codes such as the Delaware Statutory Trust in conjunction with 1031 exchange.

Speaker 1:

And we're partnering with we can work in concert with your estate attorneys and financial advisors, your tax advisors. We work in concert, helping provide solutions for our clients, not just on their personal home, not just the personal buying and selling, but thinking strategically about your real estate portfolio, thinking strategically about your estate and what that might look like, and we can put a long-term plan together, not just for yourself, but for what that looks like in the legacy you're leaving for your kids and your grandkids. I mean, there's so many different, you know there's there's so many different, um, uh, you know there's so many different options to talk about and considerations. And that's where we look at it, from an objective point of view, providing you clarity and information about what's right for you. Just let me share about the open houses that we have this weekend.

Speaker 1:

We have a number of open houses going on at the George Real Estate Group this weekend, first of which 66 Ashland Lane in Tryon. 66 Ashland Lane in Tryon. This home has over two acres in Polk County. This is an actual log cabin. It has over 2,000 square feet, built in 2000. And we're going to have an open house this Sunday from 3 to 5, 66 Ashland Lane in Tryon Awesome log cabin.

Speaker 1:

It has a couple of lots. Collectively it's over two acres. Privacy, has the space, has the charm and just a beautiful, beautiful community, green Creek Farm subdivision and awesome property. Phillip Trees is going to be hosting that open house. We also have another open house that I mentioned, at Chanteloup Also. We're getting. It's amazing. We continue to get offers and activities happening, but just want to give you a sample of some of the listings in the inventory that we have. A 21 Stony Knob Drive is also open this weekend. 21 Stony Knob Drive. It has an extra lot, so we have so much going on this weekend. We have a great team in place. Speaking of our team, we have one of our now becoming regular radio show guests, wendy. Good morning, wendy.

Speaker 2:

Good morning.

Speaker 1:

You're literally out on the field working with clients buying and selling real estate. You and your clients actually just recently negotiated a due diligence repair request. This is all part of when you're under contract, I mean. And so welcome to the radio this morning hey everybody, happy thursday.

Speaker 2:

I was like I don't even know what day it is. Well, when you're so busy like you are right.

Speaker 1:

Also, while we're talking about happy days, we want to wish gail sats a happy birthday this morning happy.

Speaker 1:

Happy birthday, mama Gail. Mama Gail, our broker in charge at the George Real Estate Group, and she has just I mean the stories that she has been again the experience that she has I hope if she's listening I mean 30 plus years in the real estate industry and incredible experience, and I'm grateful for all the just incredible effort in what she does for our team and for our agents and as we navigate through. I mean as a broker in charge, you're fielding questions, you're working through the real estate commission, the nuances and the paperwork and keeping us all in line. The broker in charge has a. We've been able to we navigate through all the questions that we might have.

Speaker 1:

But happy birthday to Gail. If you want to call our office, that'd be a riot. If you're listening and you want to call our office and just wish Gail a happy birthday, I think she'd love that. That'd be funny. So do you want to take a guess, wendy? I was looking at home prices and this is a real. I'm going to do a throwback. I'm going to go back 100 years. I know this is a little extreme. Do you want to guess what the median home price was in the 1920s? You're really putting me on the spot.

Speaker 2:

In the 20s. Yes, $50,000.

Speaker 1:

$4,000.

Speaker 2:

the spot in the 20s yes, um 50 000. 4 000. Oh my god, I was so off. Four thousand dollars.

Speaker 1:

Four to six thousand dollars was a meeting home price. Four thousand okay, I'm gonna put you on the spot. What do you remember? The? How much you paid for your very first home when you bought your very first home yes uh, do, do share you want me to share?

Speaker 2:

yeah, go ahead. Um, I love this conversation close to. I think we built for like 200 000 okay okay, which was new construction?

Speaker 1:

yes, I'm gonna date myself. My very first home I bought was sixty thousand dollars. Oh my, isn't that wild mine was uh 2011. Okay, mine was well in 2011,. You bought?

Speaker 2:

Correct.

Speaker 1:

Yeah, my first home was in 05, I bought, Okay, In just a small little cottage for $60,000. Oh my God, Isn't that wild. Could you walk in it? You could live in it. I lived in it. How many square feet? It was 1,000 square feet. Okay, it was 1,000 square feet. So it was small, but still it was a home, and it was in Flat Rock. Actually, it was a 1,000 square foot cottage in Flat Rock for $60,000.

Speaker 1:

And so, okay, here we go. Then we go into the 50s. The median home price was $7,000. In the 60s it was $12,000. In the 70s it was $23,000. So when did it bounce? In the 80s it got into the median home price in the 1980s was $47,000 in the United States. In the 90s it got up to $79,000. And then in 2000, it got up to $119,000. But this is where, in 2007, the previous cycle, it peaked out at the median home prices peaked in 2007 at 257. And so when people look back at those dates, they're like, oh, I bought at the peak of the market. Well, here we are. Here we are in 20. Well, I'm going to go to 2023. The median home price in the United States was at 430. And in 2022, it actually peaked at $450. Again, when you look at the exponential growth of home prices and it was in the 2010s Funny thing is in 2010, the median home price you were spot on. The median home price in 2010 was $221.

Speaker 2:

Okay, that was kind of the going rate when we were looking and things like that.

Speaker 1:

so, and interest rates probably back then you probably remember were in the sixes right, maybe uh three, oh wow I think we got a three. No, we didn't. There's no way.

Speaker 2:

In 2010, it's okay, but you'd probably know, it was probably a six I got. I I don't know. I can't remember what coffee I had yesterday, noah, like I don't remember what happened in 2010. I just know what I built it for and I know what it's worth now. Well, how about now? I mean, it's double.

Speaker 1:

Yeah, yeah, yeah yeah, so again, that's more than double. It's more than double. That's where oh yeah, that's $60,000 house today that I purchased in 05. It's probably quadrupled or maybe tripled. I mean again, the value and the benefit of homeownership. Yeah, so you're out there working with buyers and sellers and you know the market and I've been sharing earlier.

Speaker 2:

The market softened a little bit, but it's still happening though, and the buyers are out there shopping with a buyer who a house that he was looking at went under contract because he was waiting for it to go down. And I'm like you know you just can't wait. If there's something you have your eye on, at least let's start a conversation. And so he is meeting with a lender on Monday and we're going to really jump in. I said, if you're going to jump, let's jump.

Speaker 1:

Well, you make a good point. If buyers, if you're setting our buyers up for successes, if you're not going to pay cash and even if you are paying cash, you need to have that proof of funds letter ready but talk about that when you're working those buyers, coaching them. You're like, you better get pre-approved, because if we're going to submit an offer, we have to be ready.

Speaker 2:

Yeah, and I think it also just educates them too. It's kind of the chats I have with people that are renting, who are so afraid to buy. I think it's just really important for them to just sit down with a lender and really just let them know okay, this is where I'm at, this is what I can afford, this is the payment, and really see if it's possible, because, honestly, a lot, of a lot of times it's possible. I think there's so many amazing programs out there that people don't know about.

Speaker 2:

I think they just automatically think I cannot buy a house and actually you, you can, you can, you might be able to you might be able to. So let's, I mean, you don't have to sign a, sign a line, Um, just just have a conversation.

Speaker 1:

Well, that's, that's right, and especially if you're renting right now, there is a place for renting. Yes, absolutely, and we've all been there and it's okay. And if you can get into homeownership when you can. And the other thing is, home prices are always going to go up and down and timing the market is another conversation, also, even just trying to time the interest rates. But if you can afford in today's market with today's interest rates, again you're getting into the market and you can refinance interest rates later.

Speaker 1:

If you're going to be living somewhere anyways, instead of making I also have said renting you're paying 100% interest in one sense. I mean at the end of if you rent for five years you had a place to stay but you didn't build up any equity, you weren't building wealth for your family. But you make a great point as to getting qualified. Find out what you can qualify for. And then also, a lot of our clients currently own their homes and they're thinking about selling and then buying, and so that can be important to find out what you qualify for. And also, I know, wendy, you provide market analysis for sellers if they're just curious how much equity that they have in their home. And I know also you are willing and we have clients that go look at homes first before they put their house on the market. So it's setting our clients up for success. It's helping our clients and again, with the relationships we have with our lenders.

Speaker 2:

You want to speak to Patrick at United Federal Credit Union. Yeah, I mean, I've worked with Patrick for a couple of years now and he is the lender that we're talking with on.

Speaker 1:

Monday.

Speaker 2:

You know, I think there's a lot of great lenders out there there are. And I just have a personal relationship with him just because he has worked with numerous clients. But you definitely have to find one that you can get a hold of and I think the local market is great to have. So shout out to him, shout out to the ones that I have worked with. So I appreciate them all.

Speaker 1:

Well, and again, that's the relationship. And whether you work with Patrick or not, we highly advocate talking to a local lender, someone you can sit across from their desk. You know, be careful about these online lenders and the big you know, you'll see the TV advertisements. There's something about the relationship like the relationship we have with our attorneys and our home inspectors and our appraisers and all the pieces of the puzzle that come together. And again, our lenders are big, are critical with that as well, but anyways, it's so great to have you here, wendy. Thanks, I just stopped by. I was in the hood. You're like I said, stop by, we're going to be on the radio. And this is real life. We're helping every single day. And again, the conversations that Wendy's having with her clients, that our team's having with our clients Again, it's real estate happens around life.

Speaker 1:

It could be a really positive reason why people are buying or selling. It could be a challenging reason. I mean, life happens. I mean, again, there's those, it's new families, it's the new job, it's the you know, maybe you're moving closer to the grandkids, and then life happens. It could be a death or a divorce or a job loss. I mean, like, all these things happen.

Speaker 1:

And in real estate, regardless of the economy, regardless of the interest rates, real estate ends up being a pivotal piece in decision making. And again, having an advocate, having somebody to be in your corner, navigate through the home buying and selling process, I mean again we've had. It's really sobering, but we've had. We've walked alongside with our clients that have lost loved ones and I will say this I mean they say don't do anything for that first year after a loss of a loved one. I mean this is just real talk. I mean with our clients, we've sat down with people that say and we've actually encouraged them to wait. I mean there's the whole grief process and we work alongside with the states and attorneys and people that have lost loved ones and having to face I mean people that are like I can't have this home, this home's too big for me by myself, and that's just real life. And so we have those real honest conversations. But it's the care and the candor that we walk alongside with our clients.

Speaker 2:

Yeah, I think it's. I think it's so important. You're right to just be an advocate, like I, I. I have a couple that needed to sell a condo in Florida this week and, you know, I, I, I connected them to an agent in orlando. So you know, if people say, oh well, I want to buy in orlando, you can't help me, well, actually we can, you know so.

Speaker 1:

So that's a great point, we have a network of real estate, professionals, all across the country and we've been able to advocate even for our clients in other states and other cities and we work well and, by the way, we the amount of referrals that we're getting from other uh agents all across. Again, you may not realize that, but if you have real estate, not just here locally, uh, we have the ability to connect you with our network of other professionals that we work and trust and can help you through that. And again, what if you, if you're listening to this and you need a connection and recommendation for an attorney or a tax advisor or a financial advisor or we just got a request this morning for someone needing help cleaning out the garage we can help point you in that direction. Maybe it's an estate sale, maybe it's a survey or an appraisal. I mean, we are working every single day with this network of professionals and we can help you. Again, you don't have to be buying or selling to call us. We welcome the calls and we can point you in the right direction.

Speaker 1:

It's a lot of fun. And again, it is about advocating, it's about facilitating, and so, whether you're buying, selling or a career or an investment in real estate or whatever conversation you want to do, and again go to our Facebook page. We have a lot of open houses this weekend. I think we have four open houses or more going on this weekend. You can find that on our Facebook page. You can also go to realestatebygregcom and, of course, you can reach out to Wendy if you want to schedule an appointment to see any of these properties. Wendy can also connect you with Patrick and our great team in place and again.

Speaker 2:

We are so thankful to be here. Wendy, what else do you got? I mean, you're busy, yeah, yeah, summer's crazy. You know you got a kid and you know it's just, it's just a wild time, it's a great time, but it's it's. Yeah, it's a lot to be thankful for, it's great, I'm thankful and it's a lot of fun.

Speaker 1:

You can tell we have a lot of fun helping our clients navigate through the buying and selling real estate and, again, working with our clients that have investment properties and tax strategies and working with your attorneys. We work in all facets of real estate, so give us a call 828-393-0134. Find estate, so give us a call 828-393-0134. Find us online at realestatebygregcom. Tune in tomorrow morning for our Hometown Heroes series. Every Friday morning, our Hometown Heroes series Tomorrow morning. Mary Yeager, gale Chairman of the Board of Chimney Rock State Parks, is going to be here tomorrow morning. So excited about that conversation. Have a great day. Have a great rest of your week. Also happy to Gail, and we'll see you tomorrow morning.

Speaker 1:

Thinking about estate planning for your real estate. Without a smart approach, the property you leave behind could become an unwelcome burden for your kids. Many children simply don't want to co-manage an inherited house or deal with the tenants. Fortunately, you can prevent that with the right plan. The George Real Estate Group specializes in tax-efficient strategies like 1031 exchanges and Delaware Statutory Trust to simplify inheritance and income planning. A 1031 exchange can defer your capital gain taxes now and help your kids avoid a big tax bill later, and a DST lets you continue earning rental income without landlord headache. Plus, it can be split among your children, making inheritance easier. Planning ahead is one of the kindest gifts you can give your family. Let us help you secure your legacy. Call the George Real Estate Group at 828-393-0134 today. You've worked hard to build your legacy.

Speaker 3:

Now let us help you protect it for your loved ones. Thank you for listening to the George Real Estate Group podcast. Tune in next time for more industry news updates and real estate tips. You can reach Greg, the George Real Estate Group, at 828-393-0134 or at realestatebygregcom.