Good News On Raleigh Housing Market
February 2, 2012 Leave a comment
Oops, we did it again! But in a good way!
Again, Raleigh-Cary has topped a national list. This time it is from Inman News, a leading source of independent real estate news, information, advice, research, opinion and commentary for industry professionals and consumers alike. Inman looked at the Top 10 Real Estate Markets to Watch In 2012 (You can look at the full article and list here). The markets were evaluated on a number of key metrics, including above-average price appreciation, a flourishing job market, a high rate of sales in proportion to population, a high level of home affordability, low foreclosure activity, a below-average share of distressed sales, a low vacancy rate, and other characteristics indicating a healthy housing market.
In last years survey 8 of the 10 were in the Midwest and Raleigh was not even on the list. This year, the South and the Midwest dominate the listing. The listing in order is
- Raleigh-Cary, N.C.
- Wichita, Kan.
- Rochester, N.Y.
- Des Moines-West Des Moines, Iowa*
- Chattanooga, Tenn.-Ga.
- Peoria, Ill.
- Amarillo, Texas
- Binghamton, N.Y.
- Waterloo-Cedar Falls, Iowa
- Bloomington-Normal, Ill.*
The Des Moines and Bloomington-Normal metros are on the list for the second year in a row. There were some changes in the methodology from last year by requiring a minimum metro population.
The Raleigh area is used to being at the top, or near the top of many national lists. This will continue to attract good employers and jobs to the area. We want to be here for these purposes.
–J. Nolfo helps companies understand their market and customers though a variety of market research strategies. He has over ten years of experience of market research for strategic planning purposes. He is the Director of Research at Rhino Market Research. He shares his thoughts about market research and business concepts with his blog “Pensare…Understanding Market Research in Business“. If you would like to discuss this blog or how J. can help you understand your market and customer needs, email him at email@example.com.