For years Raleigh has been the center of national attention for the Triangle but tons of activity are also happening around towns that neighbor the big city. Garner and Clayton happen to be two of those small towns and not only are they seeing urban sprawl at it’s finest the demand from the people is there too. Why? Because many major companies are expanding and providing more opportunities for the residents who live there.
The Triangle housing market has never seen this kind of activity before. The closest resemblance was during the housing boom of 2003 – 2006. But the market has evolved and buyers are pouring in from unexpected places such as San Francisco, New York City, and yes, even Florida! The population growth is not the only staggering observation, the average sales price, average list price, and the real estate appreciation over one year, in Raleigh, NC., has also caught the attention of buyers, sellers, and all other on lookers around town. Here is a market snapshot of what’s going on in today’s housing market.
It’s not a mystery that virtual reality (also known as VR) has been knocking at the door of many industries including real estate. The fact that people can experience another reality while sitting at home or at the office provides a level of excitement and opportunity that the real estate industry has never seen before.
Anywhere you go, schools play a vital role in real estate value. Parents and future parents diligently research district maps and boundaries when shopping, and REALTORS® are regularly asked about local schools. I still remember being in 8th grade, and my own parents having endless “boring” discussions about school districts before our family made a big move. Graduation rates? School ratings? Transportation to the schools? Classroom sizes? The questions and concerns are endless as you find the right area for your family or planned family.
The real estate market is up here in the United States but that’s not where most investors are focusing their dollars for maximum earning potential. Housing prices in Europe and Asia are surging and they’re rising faster than in the U.S.
New homes have filled a major void across the Triangle over the past twelve months. With a lack of re-sale inventory builders have been working around the clock to provide homes for buyers in this growing market.
Many residents of Forest Hill Apartments have yet to find a new place to live. Residents of the Garner based apartment complex received notice back in March that they would be required to clear out by April 30 or be evicted.