Why is Raleigh Stronger Than Most of The Nation?
Posted August 8, 2008 11:01 a.m. EDT
Updated August 8, 2008 4:40 p.m. EDT
I was recently contacted by one of my blog readers with a great question. Why is it that certain areas in Raleigh seem to be doing quite well, even though we constantly are hearing and reading about the declining national housing market?
Well, as many of you are aware, when discussing Real Estate one must focus on the true local aspect of the property – not just same region or town – but sometimes the actual street can mean a big difference. The main reason for that is simply price point. Obviously in a tighter housing market, there will be certain segments of the market – for reasons known and unknown – that will sell at a faster or slower pace. The Raleigh market has been rated nationally as one of the better markets in the country for growth – this due to strong infrastructure of education, local government, diverse business climate etc.
Certain neighborhoods may be located near a strong business and may be priced just right for those looking to work and live in that area… A Street may be located in an area of town that has historical attractiveness, in which case homes continue to sell well not just based on price point alone.
So remember that when looking to either buy or sell a home, it’s imperative to align yourself with a real estate professional – to make certain that you’re making the most informed decision you’re able to make… especially during the most recent volatile markets that we’ve been experiencing.
Have a great weekend.
Jeremy M. Salemson
Corporate Investors Mortgage Group, Inc.