The State of the Raleigh Durham Cary Real Estate Market
For the past couple of weeks I have been gathering information for a presentation at a seminar for out-of-state buyers interested in purchasing properties in markets outside of their own. Knowing for several months about this seminar, and this presentation, I began paying closer attention to the National housing news and an even closer look at our local market. Of course, since I work in real estate every day, I know our area is thriving. I have worked in good markets and not so good markets (the 80’s were *really* tough), however, now I can support this with actual facts using the economic indicators, and I am here to report we have stable, steadily growing real estate market in the Raleigh-Durham-Cary area (no matter what the national statistics say). (After the seminar I will post this presentation on my website. There are a lot of interesting statistics and facts about the Triangle real estate market. Please contact me if you have an interest in being notified when it is posted.) As of September 2006, as reported by the Employment Security Commission, 31,100 Triangle jobs were created. That is up 47% from the previous year. Job growth is what fuels our wonderfully stable real estate market here in Raleigh-Durham. That is good for investors for families and individuals who are relocating to our area and it a good indication that the real estate business will continue to be a wise and profitable investment in Raleigh-Durham.
And, since this is Thanksgiving Eve — I am thankful to be in a business that I love so much, in a market so incredibly sound and an area that is so green and beautiful and offers so much to so many. It is with gratitude that I thank the Universal Spirit for all my many blessings. I hope you and your family and friends have a meaningful Thanksgiving.
