Raleigh Continues to Grow - Number 6 Nationally
Recent figures released by the US Census Bureau show Raleigh number 6 nationally in numerical change in population from 2004 to 2005. Our Raleigh Durham Cary real estate market remains a safe harbor for real estate investment in light of the downturn in the National housing industry. We continue strong in job growth, steady appreciation in real estate and a steady increase in the number of people who move here every day (according to one source, 39 families per day move to the Raleigh Durham area). We are, of course, affected locally when those who want to move to our area cannot, due to their being unable to sell their home in their current location. Although I don’t have cold hard facts to prove my theory (other than what I see come across my desk), my educated guess is the number of families who inquire and are sincere about moving to the Raleigh area and don’t because of their inability to sell their current home in another location is from 30 to 35 percent.
And, the Triangle area real estate market is enjoying the benefits of the currently low interest rates. I feel confident that mortgage interest rates will not rise much, if at all, in the near future since that would put added stress on the National housing market.
If you are interested in moving your family to the Raleigh Durham area or investing in real estate here, please give me a call (919.961.7777) and let’s talk about the many benefits of our area. Or you can check the information on the website at http://www.janwynns.com where you will find a lot of information about relocating to and investing in the Raleigh Durham Cary area. Either way, we have lived in the Raleigh Durham area many years, have seen a lot of growth, we know the area and can help you relocate your family with great ease.
