Reynolds Mountain at its Best!

Set into Reynolds Mountain, one of North Asheville's premier communities, this mountain home truly delivers in design, functionality and beauty. Breathtaking views can be viewed from decks on both levels of this sensational home! The inside features 4" black-walnut flooring complemented by vaulted, wood ceilings. Large, open kitchen comes equipped with Viking Professional Series appliances, cherry cabinets, granite counter-tops and two sinks. An open floor plan, subtle colors, and natural lighting from the windows and doors makes this mountain retreat warm and inviting. Outdoor living is a must with a spacious screened in porch featuring a custom, stone fireplace. 

Notable Features:

- 2900 Sq. Ft.

- 3 Bedrooms, 3.5 Baths

- Master Bedroom on Main Floor

- Screened Porch with Stone Fireplace

- 2 Levels of Wraparound Porches with Extensive Mountain Views

- Beautiful, Private Homesite

- Viking Professional Series Kitchen

- Generator, Security System, and Zone Heating and Cooling

More Details and Photos: 14 Points West Drive

Call Molly McNichols Today!

828.277.5551

14 Points West Drive

$850,000

Wall Street Journal- Its Time to Buy!

Why Its Time to Buy
By Ruth Simon and Jessica Silver-Greenburg
online.wsj.com

Back in June 2006, when the housing market peaked, the prospect of a five-year national housing bust seemed unimaginable to most people. And yet here we are, with the latest Standard & Poor's Case-Shiller index showing that prices hit new bear-market lows, falling back to 2002 levels nationally and to 1990s levels in some battered regions.

Despite all the gloom, however, there are growing indications that it is a good time to buy. Mortgage rates, which fell to 4.55% for the week ending June 2, according to Freddie Mac, are near 50-year lows. Homes have become more affordable than they have been in years: According to Moody's Analytics, the ratio of home prices to income is now 20.9% lower than the 15-year average through 2010, and 12.5% lower than the 1989-2004 average. A historic glut of homes, meanwhile, has created a buyer's market: There were about 15 million vacant homes in the U.S. last year, according to John Burns Real Estate ConsultingInc.—some 3.1 million more than normal.
Such conditions might not last long. Moody's Analytics predicts that the number of distressed sales will begin to fall in 2013, and that prices will begin to edge upward then. Home building is at a virtual standstill, so the supply overhang isn't likely to get much worse. Meanwhile, demographic indicators such as "household formation"—the number of new households each year—are on the rise, and promise to take a bite out of the glut in coming years.


The upshot: "While we might not see rapid growth in the next couple of years, there are a tremendous number of positive signs that could lead to a rebound," says Anthony Sanders, a real-estate finance professor at George Mason University.

Read the Rest of the Article Here!