If only we all had a crystal ball! I have been through three of these cycles now, in the UK, riding the escalation clauses in Washington DC, selling just before the collapse in San Diego, and now in Asheville NC. My sense is we will see sales but no value increases for the next year. In my team, we are having one of our best years ever – sales are happening. The good news is that mortgage rates are still so low, the $8,000 tax credit will be available through Dec 1 to those who have not owned a primary residence in 3 years and other conditions. If you wish to grab that tax credit, see your deadline as October 14th – realistically you should allow this time after your contract – therefore you need to be looking in earnest NOW! Check out market statistics in Asheville NC, and start searching now using the best Asheville MLS search