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.
You may also be interested in:
Chapel Hill Property Taxes 2010
Best Places to Live Near Duke University
Professional sports that attract fans in Durham/Chapel Hill
City government jobs in Raleigh
Finding Your New Home in the Raleigh Area
Stanton Homes makes it easy! We'll guide you through the entire process - select from thousands of different floor plans, and hundreds of different locations, with a focus on new custom homes in the upper $100s to the $500s. Custom design build options available too!
Call 919-278-8070 or visit www.StantonHomes.com to find out more about new homes in the Raleigh area today.
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Articles copyright Stanton Homes 2006-2011. Unauthorized use is not permitted. Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements. Please note: all listing information per MLS, and current as of posting date. Information subject to change. Stanton Homes does not make claims to ownership of any lot listings, but can work with homebuyers to purchase available lots and build. Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions. Ask for further information regarding any community, lot or floor plan. Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area. No claim of ownership is made to homes or land pictured.
Good morning Penny; What a fabulous looking living room. Best wishes to you.
Fabulous area! It's nice to be in a place like Durham or Myrtle Beach where so many people are retiring,
I lived in Chapel Hill for 2 years, and Wendy is right, it's a FABULOUS area!!! Why did I ever move back to Michigan?!?!? Ha ha... Seriously though, for those looing in the Research Triangle area (Raleigh/Durham), you can't go wrong!! When I left, Durham was experiencing a kind of Renaissance, and I'd be curious to see how things are going now! Great Schools! Great Medical! Great People!
Durham has had some incredible improvements over the past decade, including a terrific downtown area. And do I need to say anything about Chapel Hill? Chapel Hill addresses demand top dollar, and get it. But where else can you watch TWO NCAA sweet sixteen teams?