Are Short-Term Rentals Driving Up Real Estate Prices?
Are Short-Term Rentals Driving Up Real Estate Prices? Several factors have driven the real estate price increase in Western North Carolina (WNC). Since 2022, a limited availability of long-term rental (LTR) properties has added to price hikes. One reason for the decreased inventory is investors buying homes to convert into short-term rentals (STR). Add in…