The new Raleigh Convention and Civic Center opened this summer and is at the center of major growth and renovation downtown.  Another exciting addition to the downtown landscape is the RBC Plaza, the new headquarters for The Royal Bank of Canada.  The 33 story mixed-use building includes 139 condominiums, all of which have been spoken for and are expected to be finished soon.  Approximately one third of them have been purchased by investors while the majority have been purchased by residents excited about being downtown and so close to the growing businesses there.  About 97% of the offices have been preleased, exceeding the developer’s expectations.

Now, more than ever, real estate is looking like a good investment. Many people have pulled out of the stock market and are using that money to invest in real estate. Real estate does not drop 60% of its value in one day like some stocks have!  We continue to hold our own in the Triangle area. We have seen little change in the average price of housing although there are more houses available for sale now than there were a year ago.  This is an excellent time to buy a house in Raleigh and Wake County  a community that is dynamic and economically sound.