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Raleigh, NC, "Recession-proof?" I hope Forbes is right!

By Mike Jaquish

Real Estate Broker/Owner with Realty Arts NC Broker License #235526

May 13, 2008 10:05 AM

Today Forbes says Raleigh is one of the USA's "recession-proof" cities.

Increasing employment, stable home prices (we missed the bubble excitement, by and large), and growth in professional and business services, and education and health care.

The snapshot shows an upbeat situation, and helps reinforce my opinion that Raleigh-Cary, NC is a great area to be for a real estate professional.

We seem to have slowed a little, but there is still buyer interest, and pent-up demand for homes. Well-kept, well-located properties still sell within days in many parts of Raleigh and Cary.

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Stanton Homes

Stanton Homes - New Home Builder - Raleigh, NC

Design/Build Custom Home Builder in North Carolina

Mike - I saw the article as well. We are blessed with a very wide variety of professional fields and job opportunities. And things like health care, education, and drug research are forecasted as top fields for many years to come.

May 13, 2008 12:54 PM

Marchel Peterson

Results Realty - Spring, TX

Spring TX Real Estate E-Pro

Mike, that is GREAT news. We have not been affected too much either. In the fall I would have told you not at all but it has now become so hard for people to get a loan and that has caused a bit of a ripple effect.

May 13, 2008 02:05 PM

Ray Nellum

Envision Real Estate Group, LLC. - Fort Smith, AR

Fort Smith Real Estate

Mike, you know you are in a very stable market with reports that detail your markets' STABILITY!!!

May 13, 2008 03:54 PM

Cynthia Tilghman, Realtor® Onslow County NC Home Specialist

Kingsbridge Realty, Inc - Hubert, NC

Hello Mike,
I hope Forbes is correct about Raleigh and I hope it spreads Southeast!

May 13, 2008 11:40 PM

Richard Schardt

Keller Williams Realty - Kernersville, NC

Triad NC Real Estate

Mike, Hello from a fellow Keller Williams family member a little down the road.

For me, I am happy to accept the article as correct! While our Triad area did not get honorable mention, we are both close by and in-between Charlotte and Raleigh, so a lot of what this is based on also applies to us!

May 14, 2008 02:37 AM

Mike Jaquish

Realty Arts - Cary, NC

919-880-2769 Cary, NC, Real Estate

Penny,

The diversification of the local economy is one of its great strengths. And I think the Triangle is just starting to assert itself as a retirement destination.

Marchel,

I feel blessed to be here, and hopeful that we will come out strong on the other side of "The Dip."

Cynthia,

I'm sure it will spread out. Pulling for you, anyway!

Richard,

Thanks for dropping by! Yes, you are on that I-40/I-85 arc that seems to be so strong.

May 14, 2008 06:50 AM

Jim Fischetti

The Fischetti Group/Keller Williams - Wake Forest, NC

Mike,

Forbes is definately going to be right!!!!!

Jim

May 14, 2008 07:44 AM

Jim,

Agreed!

May 14, 2008 09:05 AM

Raleigh, NC, "Recession-proof?" I hope Forbes is right!

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