I believe that with all the growth that is coming to the Grensboro area over the next 5 to 10 years, there will be an increase in the medium sales price of homes. With the large growth of population that is expected with the opening of the new FedEx hub, Honda Jet and other industries that are coming to the Greensboro area. The annual salary will increase and the Housing Oppurtunity Index (HOI) will increase as well. Over the past 3 years the HOI in the TRIAD has fallen nearly 9% while the population has risen and the amount of homes built over the past 5 years is over 45 thousand. Currently we are in a buyer's market with a large amount of supply and a decrease amount of qualifing families, home builders and existing home owners are giving away the Kitchen sink to sell there homes in a timely manner.
So Now is a great time to buy, and hold as they say in the stock market. With the industries that are 100% committed to come to the Triad area, Greensboro's HOI will have to turn around for the positive, and the average annual equity increase of 2.3% will be a thing of the past for a good 5-10 year run.
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