WNC economy falters in August

WNC economy falters in August

There are 3 comments on the Asheville Citizen-Times story from Oct 10, 2007, titled WNC economy falters in August. In it, Asheville Citizen-Times reports that:

Western North Carolina's economic activity fell in August due in part to declines in the housing market and consumer spending, according to the Western North Carolina Economic Index prepared at Appalachian ...

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Asheville, NC

#1 Oct 10, 2007
Say it isnt so! I thought WNC was immune to economic and housing problems.
tired of it all

United States

#2 Oct 10, 2007
From what I've been told by many of the Housing Construction workers I talk with every day, it seems the high-end developments here in this area and towards Blowing Rock have slowed down significantly.

Some financing fell thru and some of the lookers were just looking.

The 22% property tax increase probably didn't do much to make possible buyers happy and eager.
Never say Never

Jefferson, NC

#3 Oct 10, 2007
Yesterday's election in Boone didn't help matters either. So called progressives want us all to pay our taxes and shut up otherwise. They will tell us how and when we will use our property.

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