Cary Raleigh No.1 Healthiest Housing Market & Top 25 Wealthiest center in our country! Triangle Housing market ranked No. 1 Healthiest Housing Market according to Hanley Wood Market Intelligence, a California research firm. They ranked the Cary-Raleigh market first and the Durham-Chapel Hill market sixth on its list of the healthiest markets among the top 100 U.S. housing markets. Their rankings are based on home prices, employment conditions and income growth potential.
On the other hand, a new study by American City Business Journal has ranked Cary the No. 25 "wealth center" in America and tops in the state.
Forbes magazine just announced Raleigh the most wired city in the United States which we bet Altanta (No.2) and Seattle (No. 3) based on the broadband penetration, broadband access and the prevalence of wi-fi hot spots. More than 71 percent of Raleigh residents are connected to high-speed Internet.
All the above studies and findings once again showing you that the Triangle housing market actually did pretty well and our Wake county closed Sales in 2010 actually increased 7.2% and the median home prices increased 4.7% to $207500. Also, the inventories in January in Wake county dropped 12.3%.
Real Estate market is just like your local weather!! Even though we are sunny here but New York maybe has 5 inches snow. So, don't just read the news and think all the real estate market are the same. You need to have a local entrusted real estate advisor to give you the best picture of local real estate market.
If you have any question about our Traingle housing market and please feel free to email me or call me.
Hannah Chan Broker, GRI - Your Entrusted Real Estate Advisor in the Triangle
Cary-Raleigh Realty, Inc.