This month Nightline ran a featured story about the Charlotte, NC Real Estate market. I've attached the video for your viewing pleasure compliments of YouTube.
Basically the show is saying what the AR bloggers have been indicating all along. I also have been writing about the strong market conditions in the Cary, NC Real Estate and Raleigh, NC Real Estate markets. The North Carolina real estate market is alive and well. Although some parts of the country have been experiencing a downturn thousands continue to move into the State of North Carolina. There are many reasons that families are relocating to the area:
North Carolina surpassed Florida a few years ago as the #1 State to live in for retirees
Families fed up with the Florida hurricanes that are originally from the Northeast are moving halfway back to New York. We call these folks "half backs"
Steady appreciation without the wild fluctuations of other markets across the country like in Florida, California, and Arizona.
Mild climate
Strong economic growth coupled with low unemployment rates
More cost effective cost of living than in other large cities across the US.
Educated population - the Triangle has the largest # of PHd's per capita in the US.
Although the Triangle was not the lead story Nightline did indicate there are a few markets in the US going strong including Houston, Austin, Seattle, and Raleigh NC Real Estate.
I agree 100% - I have families all up and down the East Coast that are waiting to sell. I sold one this past week to a family that waited an entire year to sell their home in New Jersey. I'm glad they finally did.
Tracy, NC Is the destination place of choice for the northerners. But like you said we are experiencing the same situation with sellers who can't get their homes sold...
Welcome to my Triangle Area Real Estate Blog. This blog provides Triangle Area real estate information and resources to guide homeowners and buyers through the process of selling and buying a house, townhome or even investment property. If you are interested in Triangle Real Estate, please e-mail me here for a personal response! Thanks and let's get blogging!
Ok, it's not perfect but YIPPEEE I finally posted a You Tube video...It wasn't that difficult either!!
Here are the links to the market conditions report in Cary and Raleigh