Raleigh Market Reports - How is the Housing Market in Raleigh?
Durham/Chapel Hill Named #3 Healthiest Housing Market in the Nation
Best Places to Buy and Sell a Home in 2011
Looking to build a new home in the Durham/Chapel Hill, NC area? These two corners of the Research Triangle Park continue to stand out as some of the best places to live in America, this time proven by housing market growth, rising median income levels, and increasing employment opportunities.
Durham/Chapel Hill has just been named the number three healthiest housing market in the nation for 2011, according to extensive research by Hanley Wood Market Intelligence.
Their data states:
- 2011 Building Permits are projected to increase 70% to 3,250
- Single-family home permits already increased 60% in 2010
- Existing home prices rose 3% in 2010
- An increase of another 4,100 jobs in Durham lowered the unemployment rate to below 7.5%
- Median income in Durham predicted to rise 4.36% in 2011, showing faster growth than the other top 20 markets
Durham/Chapel Hill also continues to uphold its reputation for affordability, with ample educational opportunities at several nationally ranked colleges and universities in the area.
Raleigh has also been listed in the top ten healthiest housing markets in the nation, ranked at number one. Raleigh is expected to see a 90% increase in building permits in 2011.
Read more about the Durham-Chapel Hill housing market here.
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Chapel Hill Property Taxes 2010
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