In my last entry I told you that in the Raleigh and Wake County housing market the prices of real estate haven’t changed much.  Here is conformation of that from SmartMoney magazine.  The November issue of SmartMoney magazine, in an article entitled Home Prices: Now for the Good News, reports on 25 markets which are doing better than the national average.  On their website SmartMoney.com they have highlighted seven of those markets.  This is what they have to say about Raleigh.

“North Carolina’s capital seems to have gotten a free pass where the housing slump is concerned. Prices have been buoyed by job growth in the Research Triangle, home to dozens of tech firms. Total sales in the first quarter of this year were the fifth highest on record. In some cities, suburbanites stung by gas prices are moving downtown in favor of walkable neighborhoods. But not in Raleigh. “People move here to get away from that type of living,” says local market analyst Stacey Anfindsen, only partly in jest. Although downtown Raleigh has added hundreds of condos and lofts, the real growth has come in suburbs like Cary, Morrisville and Apex, all on the western side of Raleigh, where home prices have risen steadily.”

Some people do come to Raleigh for suburban housing which offers amenities such as golf courses and swimming pools.  Others are attracted to the new and exciting downtown development.  And many are looking for a family friendly neighborhood with good schools.  Raleigh and Wake County offer a variety of real estate options for home buyers and for real estate investors. 

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