George Real Estate Group Radio Broadcast

From Small Town Dreams to Apple Festival Royalty: Ryah McDonald's Journey

George Real Estate Group

Looking for insight into Henderson County's resilient real estate market? Noah George delivers a comprehensive analysis revealing why our local housing market continues to thrive despite broader economic headwinds. While days on market have lengthened and inventory has increased slightly, demand remains remarkably strong with more homes sold year-to-date than during the same period last year. Most surprising? Thirty percent of all Henderson County home sales are all-cash transactions.

Noah breaks down the nuances between buyer's and seller's markets, explaining we currently sit at a five-month supply—technically still a seller's market, though gradually moving toward more balance. This presents opportunities for both sides of transactions, with sellers still benefiting from strong pricing while buyers gain improved negotiating leverage. The distinction between today's market conditions and the 2010-2011 housing crash is stark, particularly regarding inventory levels which previously reached a staggering two-year supply.

The broadcast features an engaging interview with Ryah McDonald, the newly selected 2025 Apple Ambassador, who shares her emotional journey from childhood dream to representing Henderson County's apple industry. Her authentic excitement about the upcoming Apple Festival (August 29-September 1) provides a wonderful glimpse into why our community remains so special. The conversation concludes with valuable insights about tax-efficient real estate strategies, particularly for estate planning, including little-known provisions that allow up to four people on a deed to potentially receive up to $1 million in tax-free profits when selling a primary residence.

Whether you're buying, selling, or planning your real estate legacy, the George Real Estate Group offers expert guidance through every step. Call 828-393-0134 to discover how we can help you navigate today's market conditions with confidence.

Speaker 1:

The George Real Estate Group radio broadcast is celebrating 10 years on WHKP. The George Real Estate Group is celebrating 10 years on the radio, live every Thursday morning at 10.05 on WHKP 107.7 FM and AM 1450, and streaming online at WHkpcom. Each Friday morning at 845,. The George Real Estate Group presents the Hometown Hero Award to someone in our community who goes above and beyond to make our hometown a better place to live. Here's this week's Hometown Hero Show. It's 845, and it's time now for our George Real Estate Group Hometown Hero Salute and we always look forward to gathering with our friend Noah George from the George Real Estate Group for our Friday get-together. Noah, how's the real estate world in the hot summertime?

Speaker 2:

It is hot. I mean the market's still moving. We had a number of homes go under contract this week and we continue to see strong demand. You know days on market are longer. It's taking a little bit longer for things to sell. There's been a slight increase in inventory levels across the board but the demand is remaining strong. I mean we're averaging about 126 single-family homes a month selling. There's been even more homes sold year-to-date this year versus year-to-date last year. So there's been an increase in the number of homes sold, even though the prices have come down slightly just a slight decrease. But it's still strong. And again, we know real estate happens around life. It could be a real positive reason why clients are buying or selling. It could be a challenging reason. It might even be maybe you have estate properties or rental properties or inherited properties. There's a lot of different reasons why people are buying and selling and we're helping our clients navigate through that.

Speaker 1:

Well, I wanted to ask you have you felt, are you beginning to feel like this is a transition to a buyer's market as from a seller's market?

Speaker 2:

Well, the definition of a buyer's market is when the inventory outpaces the demand and we're getting. Technically we're still in a seller's market and they, the economists, say six months supply is considered a balanced market, less than six months as a seller's market, more than six months as a buyer's market, but we have about a five month supply okay um, and, and so we're still technically a seller's market.

Speaker 2:

But I think the market certainly is moving towards a more balanced market and again, when you see more inventory available in context of the demand, that's when it becomes a buyer's market. So it's still on the fence right now. I wouldn't call it a strong seller's market, but prices are holding. Things are just taking a little bit longer. The buyers have a little bit more leverage with negotiating. I mean, the sellers are coming off their prices a little bit more, so it is softening, it's becoming a better environment for buyers, uh and and sellers recognize that, so sellers are conceding a little bit more so that's just where the market is.

Speaker 2:

But we the sky is not falling, the the market's still moving, the. You know, the economy is the economy, the interest rates are the interest rates I mean. Life happens, therefore real real estate happens. So we're still seeing a strong market here locally.

Speaker 1:

And that's a tribute to a large part because of the wonderful place where we live.

Speaker 2:

I would agree with that, and when the rest of the country? If you look historically back at what happened in the previous housing cycle, we were a couple years behind some of those other markets.

Speaker 2:

But the stark difference is the inventory levels. We still have, like I said, low inventory levels. I mean right now there's only some 600 available homes in Henderson County. Like I said, a five-month supply To put things in the context. Month supply To put things in the context. We had in some cases a two-year supply of homes and there was an overabundance of homes for sale.

Speaker 2:

I mean the market's not crashing. If anything, again it's softening, but it's not the same market as what it was when the market crashed in 2010 and 11. When it hit the bottom, it's not the same. But again, even then people were still buying and selling. But, to your point, our area here, with the quality of life, the four distinct seasons, all the amazing things that we love and enjoy here locally, people are coming and they're bringing their jobs with them, they're working remotely, they're retiring here, they're moving closer to grandchildren, they're, you know, they're wanting to have a more active lifestyle. I mean all the reasons why people move here. The quality of life, you know, of course, we took a pause with the, the hurricane, and, and I know there's still parts of our area that are still recovering and and, uh, you know, in that rebuilding and and a lot of people are still coming to the area even with that.

Speaker 1:

And you're probably still seeing a large portion of the buyers bringing all cash to the table 30% of our sales in Henderson County are purchased with cash.

Speaker 2:

Wow, that's countywide and that's been consistent. And so people are selling their homes that they've had paid off. And the beautiful thing about your personal home if you've lived in the home two out of a five-year period as an individual, the first $250,000 of profit is tax-free. If you're married, it's $500,000. A lot of people don't realize this, but you can have other people on the deed as well Children over 18, if they've lived in the home for two years as well, they also can. Up to two other people can also get $250,000 tax-free. So you can actually have up to a million dollars tax-free on a personal home. Up to four people can participate in that.

Speaker 1:

I find that fascinating, and I also find that you guys at the George Real Estate Group are the ones who know these things and can guide and shepherd each person through their particular situation.

Speaker 2:

We do. We take it from a consultative approach and we work closely with our attorneys and our tax advisors and our financial advisors. I mean this is an entire team working with our clients, navigating through how real estate impacts the decisions that they make and what they want their lives to look like. And it's not just their personal homes. It's what do I do with my investment properties? Or what do I do with land that I own, or maybe land that I inherited from my family, and what are the tax implications and what are options and solutions. I mean we're taking a larger view of real estate. It's not just that one, you know. It's not just a transaction. It's not just the. It's a bigger picture of your entire life.

Speaker 1:

Yeah, not just putting a sign in the yard and praying that it sells?

Speaker 2:

not at all and we have incredible uh marketing, incredible proven and predictable processes. And and we've we've helped over 1500 families throughout the years uh with their real estate needs. So grateful to uh serve the community through real estate.

Speaker 1:

Well, uh, our uh hometown hero salute today still goes out to Raya McDonald, who's the 2025 Apple Ambassador this year. So we've had, I guess, a mix-up in our scheduling this morning, but we're going to try to get her back.

Speaker 2:

Absolutely. And again it's the 4th of July, maybe Exactly Getting ready for all the things, and again we'll work with them and get them back on the radio as well.

Speaker 1:

Because it's not that far away. The Apple Festival, the 2025 Apple Festival in Hendersonville is Friday, august 29th through Monday, september 1st, traditionally the Labor Day weekend, and it always is a tremendous street fair with live music and the King Apple Parade and apples, and we've been assured from Henderson County apple growers that there are plenty, plenty, plenty of apples and apple fried, apple pies that will be available on the streets of Hendersonville.

Speaker 2:

Well, the Apple Festival is certainly one of the. A lot of people have their first experience with Hendersonville, with the Apple Festival or even the Garden Jubilee, and they come here and they experience the small town festivals and they love it and they fall in love. And so many people come and they want to move here and they enjoy it, they experience it and we always and we love having leading up to the Apple Festival we'll have a number of shows about the Apple Festival and interviews and excited to promote the Apple Festival and it's amazing the impact that it has on our community.

Speaker 1:

Well, I wanted to ask you too about open houses. I know last Friday we were talking about an open house that you had scheduled over the weekend for a place down in Tryon.

Speaker 2:

We had a lot of activity with the open house and we continue to have open houses. We did take a break with the open houses for Fourth of July, which is okay. And again grateful for the opportunity when we have open houses and we have a lot of activity with the open houses. The market is still moving. The open houses are great.

Speaker 1:

Well, we'll look for the next weekend to have an open house that you can tell us about. I think we have just been graced with the presence of the Apple ambassador. Raya. Is that right, raya? Have a seat right there and pull that microphone up to you and we say good morning.

Speaker 3:

Good morning.

Speaker 1:

It's good to have you here with us.

Speaker 3:

It's good to be here.

Speaker 1:

We were talking about you all week long and we've got about four minutes or so to check in with you and see how you're feeling about being chosen as the Apple Ambassador. That's got to be a real cool thing.

Speaker 3:

It's been a dream of mine since I was little. I always loved watching the girls on the floats during the parade. One of my friends was Apple Ambassador last year and she really motivated me to apply. When I got selected I cried.

Speaker 1:

I was so excited. Well, tell us about you. Go to East Henderson High, right? Yes, sir, and you're a rising senior there, mm-hmm. Okay, and your mom and dad.

Speaker 3:

Brian and Tony McDonald.

Speaker 1:

And you guys have been going to the Apple Festival. Have you been going to the Apple Festival since you were that high, since I was little? Yeah, really.

Speaker 3:

Except I don't think I've ever been to the Apple Festival parade, which is weird, but it was always. Every time we talked about going, it was always raining or we just decided that there were too many people, so then we just never went.

Speaker 2:

So your first time at the Apple Festival Parade will be the SDM.

Speaker 3:

Apple Festival Will be when I'm in the parade, yeah.

Speaker 2:

That's awesome, that's great what went through your mind when you first found out you'd been named the Apple Ambassador.

Speaker 3:

Well, after interviews they call you that night around 9.30. And I was really nervous, I was trying to calm myself down. I was really nervous, I was trying to calm myself down, I was super anxious. I was laying in bed on my phone and I got a phone call and they were like congratulations, you're Apple ambassador. And I just started crying. I was so excited. I ran into the living room to talk to my parents. I was just bawling my eyes out. It was such a crazy experience. I was really happy.

Speaker 2:

Congratulations and it's quite. The interview process right and the application and you have to write an essay Is that right.

Speaker 3:

When I submitted my application I had to have two copies of my transcript a recommendation letter from a teacher at my high school, a recommendation letter from someone in the community, a headshot, and then I had to have an essay with a prompt that they gave, which I don't remember the prompt, and after I they had to be submitted by a certain day. I think it was March 31st. They sent me a letter in the mail saying I was one of my school's representatives and then I went to the interview and we had to do face-to-face interviews and then speeches in front of all the rest of the girls, incredible beaches in front of all the rest of the girls.

Speaker 1:

Well, uh, what's incredible. What's you? You've got a busy weekend coming up that august 29th and and uh through, uh, the first there on labor day weekend, and you also, uh, have other commitments. You'll be at the mountain state fair, I think yes, the I think it's the opening ceremony of the mountain state fair yeah, so you, you represent henderson county in a lot of different ways and will be everywhere that weekend and I know that has to feel good to be connected to and visiting on behalf of the Henderson County Apple Growers.

Speaker 3:

Oh yeah, I'm really excited to represent everyone.

Speaker 1:

Yeah, what's after high school? What's the plans?

Speaker 3:

I want to attend the University of Wyoming, but I don't know. It's a hard application process. And then I want to become a CRNA, a Certified Registered Nurse Anesthetist.

Speaker 2:

Okay, what inspired you to pursue a nursing career?

Speaker 3:

I just always wanted to. I know that's a typical answer. I just always wanted to help people. I always felt drawn to when you read about situations where nurses are mean to patients and I just never wanted to be that person. I wanted to pick the environment up and make it more positive and I felt drawn to the career by being able to care for people who are sick and just being there for them, that's amazing.

Speaker 1:

Well, what would you say to other ladies who are younger and listening to you now and thinking someday I'd like to do that. What would you say to them?

Speaker 3:

I would say apply, because the worst thing that happens is that you don't get a letter in the mail, like I was checking my mail every day waiting for a letter and when I got it I cried. So I would say apply and just hope, maybe pray a little bit and just be confident, because that's what I did during the interview process and I feel like being confident in the interview process really benefited me.

Speaker 2:

Is there a specific role model in your life that you look to?

Speaker 3:

I look at my mom my mom's my best friend and like my perfect role model.

Speaker 1:

Well, Raya, we thank you so much. I'm glad you were able to make it in this morning. We congratulate you on becoming the 2025 Apple ambassador and I know we'll be seeing you all around town on that weekend. And thank you so much. Noah has got a certificate here for you. Thank you both again and thank you for joining us on the George Real Estate Group Hometown Hero Series.

Speaker 2:

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. Now let us help you protect it for your loved ones.

Speaker 1:

The George Real Estate Group is located in Flat Rock, north carolina, near hendersonville in henderson county. You can find them online at realestatebygregcom. The george real estate group can be reached at 828-393-0134 or stop by their office at 2720 greenville highway, flat rock, north carolina, carolina. Tune in live each week on Thursdays at 10 0 5 AM on WHKP 107.7 FM and 1450 AM, or stream online at whkpcom or download these podcasts wherever you get your podcasts. The George real estate group brings you the WHKP hometown hero series every Friday morning at eight 45.